E. Ohman J or Asset Management AB Decreases Stock Position in Intuit Inc. $INTU

Key Points

• E. Ohman J or Asset Management AB cut its Intuit stake by 90.8% in the second quarter, selling 93,200 shares and retaining 9,478 shares valued at $2.47 million. Institutional investors still own 83.66% of Intuit.
• Intuit reported quarterly revenue of $8.56 billion, up 10.4% year over year, and EPS of $12.80, beating analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $461.23, while the company is expanding its AI strategy through an Enterprise Suite launch.
• Legal and competitive risks remain: a securities class-action lawsuit alleges Intuit misrepresented the strength of its tax business and TurboTax’s position, with investor lead-plaintiff filings due by September 8, 2026.

E. Ohman J or Asset Management AB lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 90.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,478 shares of the software maker's stock after selling 93,200 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Intuit were worth $2,474,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Intuit by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker's stock valued at $19,156,152,000 after purchasing an additional 296,448 shares during the last quarter. State Street Corp grew its position in Intuit by 1.4% during the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker's stock worth $8,653,092,000 after purchasing an additional 180,069 shares during the last quarter. Geode Capital Management LLC increased its stake in Intuit by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker's stock valued at $4,369,488,000 after purchasing an additional 87,451 shares in the last quarter. Morgan Stanley increased its stake in Intuit by 1.2% during the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker's stock valued at $3,378,912,000 after purchasing an additional 60,910 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Intuit in the fourth quarter worth $3,058,407,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: BMO maintained its Buy rating and $412 price target, saying temporary headwinds in some segments are being offset by resilience in Intuit’s core businesses. The target implies substantial upside from recent trading levels. Intuit Buy Rating Reiterated
• Positive Sentiment: Intuit launched an AI-powered Enterprise Suite with Citrin Cooperman Advisors for mid-market companies. The partners plan to develop AI agents that automate financial and back-office workflows, supporting Intuit’s longer-term growth strategy beyond its traditional tax products. Intuit AI ERP Push
• Neutral Sentiment: Recent coverage noted that Intuit gained even as the broader market weakened, reflecting improving sentiment after its latest quarterly report. Intuit previously reported revenue growth of 10.4% year over year, earnings above consensus, and fiscal 2026 earnings guidance of approximately $23.80–$23.85 per share. Intuit Gains Despite Market Slip
• Negative Sentiment: Pomerantz said a securities class action has been filed against Intuit and certain officers in federal court. The lawsuit alleges violations of federal securities laws related to statements made during the August 22, 2025–May 20, 2026 class period. Pomerantz Intuit Class Action
• Negative Sentiment: Several law firms are soliciting investors to serve as lead plaintiff before the September 8, 2026 deadline. The claims generally allege that Intuit misrepresented the strength of its tax-related business and TurboTax’s competitive position before a sharp stock decline. Rosen Intuit Securities Class Action Deadline

Analyst Upgrades and Downgrades

Several research firms have recently commented on INTU. Mizuho lowered their price objective on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reduced their target price on Intuit from $600.00 to $530.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Evercore lowered their price target on Intuit from $540.00 to $400.00 and set an "outperform" rating for the company in a research report on Thursday, May 21st. Susquehanna dropped their price target on Intuit from $550.00 to $427.00 and set a "positive" rating on the stock in a research note on Monday, July 20th. Finally, Wall Street Zen lowered Intuit from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Nineteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $461.23.

Insider Activity at Intuit

In other news, Director Vasant M. Prabhu acquired 1,250 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the purchase, the director directly owned 1,250 shares of the company's stock, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by company insiders.

Intuit Trading Up 0.6%

Shares of Intuit stock opened at $336.44 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a fifty day moving average price of $289.71 and a 200 day moving average price of $369.14. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $721.54. The stock has a market cap of $92.03 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.06 and a beta of 0.97.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. The company 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 firm's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit's dividend payout ratio (DPR) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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