Dearborn Partners LLC Cuts Stake in Intuit Inc. $INTU

Key Points

• Dearborn Partners LLC reduced its Intuit stake by 8.0% in the fourth quarter, selling 3,971 shares and leaving it with 45,446 shares worth about $30.1 million.
• Intuit’s stock has come under pressure, with shares recently opening at $296.76, near its 52-week low of $293.67 and far below its 52-week high of $813.70. The article also notes multiple law firm investigations and a Goldman Sachs cut, adding to bearish sentiment.
• Despite the weak share performance, Intuit recently beat earnings and revenue estimates and maintained guidance, while analysts still mostly rate the stock a Buy or Hold with a consensus Moderate Buy rating and target price of $514.58.

Dearborn Partners LLC lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,446 shares of the software maker's stock after selling 3,971 shares during the period. Intuit accounts for approximately 1.5% of Dearborn Partners LLC's investment portfolio, making the stock its 23rd biggest position. Dearborn Partners LLC's holdings in Intuit were worth $30,105,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Joseph Group Capital Management purchased a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Intuit in the 3rd quarter valued at approximately $33,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker's stock valued at $36,000 after buying an additional 19 shares during the period. Steph & Co. grew its stake in shares of Intuit by 346.2% in the 4th quarter. Steph & Co. now owns 58 shares of the software maker's stock valued at $38,000 after buying an additional 45 shares during the period. Finally, High Point Wealth Management LLC purchased a new stake in shares of Intuit in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the acquisition, the director directly owned 1,750 shares in the company, valued at approximately $541,992.50. This represents a 40.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.49% of the stock is owned by corporate insiders.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Baron Capital highlighted Intuit as a strong long-term bet in its latest investor letter, reinforcing the view that the company’s software and financial platform remain attractive despite the recent stock weakness.
• Positive Sentiment: Another investor-focused article argued that Intuit remains one of the more compelling software names, suggesting some market participants still see upside in the business model and cash-flow profile.
• Neutral Sentiment: Cramer’s comments and other media coverage kept Intuit in the spotlight, but these mentions were more commentary-driven than tied to a clear new business catalyst.
• Negative Sentiment: Multiple law firms, including BFA Law, Pomerantz, and Bragar Eagel & Squire, announced investigations into Intuit after the stock’s major decline, raising concerns about possible securities-fraud claims and adding legal overhang. Article Title
• Negative Sentiment: Goldman Sachs reportedly cut Intuit, which can weigh on investor confidence and pressure the shares further.
• Negative Sentiment: News coverage focused on Intuit’s steep recent decline and investors “asking tough questions,” reinforcing bearish sentiment around the stock after the selloff. Article Title

Analyst Ratings Changes

Several analysts have recently weighed in on INTU shares. Jefferies Financial Group dropped their price target on shares of Intuit from $650.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Susquehanna decreased their price objective on shares of Intuit from $640.00 to $550.00 and set a "positive" rating on the stock in a report on Friday, May 22nd. Barclays decreased their price objective on shares of Intuit from $540.00 to $443.00 and set an "overweight" rating on the stock in a report on Thursday, May 21st. Wall Street Zen lowered shares of Intuit from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Rothschild & Co Redburn decreased their price objective on shares of Intuit from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Tuesday, June 2nd. Twenty-four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $514.58.

Intuit Stock Performance

Shares of INTU stock opened at $296.76 on Friday. The firm's 50 day moving average price is $377.58 and its 200-day moving average price is $486.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a one year low of $293.67 and a one year high of $813.70. The firm has a market cap of $81.18 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.09 and a beta of 0.98.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities research analysts predict that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Intuit's dividend payout ratio is 29.07%.

Intuit Company Profile

Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

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