Geode Capital Management LLC Has $4.37 Billion Holdings in Intuit Inc. $INTU

Key Points

• Geode Capital Management increased its Intuit stake by 1.3% in the fourth quarter, ending with 6.61 million shares valued at about $4.37 billion. The fund now owns roughly 2.38% of the company.
• Intuit reported a stronger-than-expected quarter, with EPS of $12.80 versus $12.57 expected and revenue of $8.56 billion, up 10.4% year over year. The company also issued Q4 2026 and full-year 2026 guidance.
• Sentiment remains mixed: Bank of America reiterated a Buy rating and $400 target on AI tailwinds, while multiple firms cut price targets after the stock’s pullback. Intuit is also facing investor scrutiny over pricing issues and restructuring-related layoffs.

Geode Capital Management LLC boosted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,614,539 shares of the software maker's stock after buying an additional 87,451 shares during the quarter. Geode Capital Management LLC owned approximately 2.38% of Intuit worth $4,369,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTU. Brighton Jones LLC grew its stake in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after purchasing an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit in the 1st quarter worth $785,564,000. Sivia Capital Partners LLC grew its position in Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock worth $698,000 after purchasing an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC grew its position in Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock worth $370,000 after purchasing an additional 51 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Vasant M. Prabhu acquired 500 shares of the stock in a transaction on 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 transaction, the director owned 1,750 shares of the company's stock, valued at $541,992.50. The trade was a 40.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the sale, the director owned 13,253 shares of the company's stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.49% of the company's stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America restarted coverage on Intuit with a Buy rating and $400 target, citing AI tailwinds, strong margins, and durable competitive positioning. Article: Intuit seen benefitting from AI tailwinds, says Bank of America
• Positive Sentiment: Director Vasant Prabhu bought additional INTU shares, a potentially bullish insider signal after the stock’s steep decline. Article: SEC Form 4 filing
• Positive Sentiment: Analyst commentary continues to describe Intuit as a long-term value/growth opportunity, pointing to TurboTax strength, TurboTax Live momentum, and AI-driven product expansion. Article: TurboTax's Strong FY26 Run
• Neutral Sentiment: Several firms lowered price targets after the recent pullback, but most still kept bullish ratings, suggesting the selloff may be more about valuation and short-term concerns than a collapse in fundamentals. Article: Daiwa Securities adjusts price target
• Negative Sentiment: Intuit is facing investor scrutiny over alleged pricing issues, with multiple law firms launching investigations that could add headline risk and pressure sentiment. Article: Intuit pricing issues investigation
• Negative Sentiment: The company’s mass-layoff notice in California and Nevada underscores a significant restructuring, which may worry investors even as management pursues an AI-focused turnaround. Article: Intuit files notice for mass layoffs

Intuit Trading Up 1.1%

INTU opened at $307.73 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $84.18 billion, a PE ratio of 18.64, a PEG ratio of 1.18 and a beta of 1.04. Intuit Inc. has a 1-year low of $300.50 and a 1-year high of $813.70. The firm has a 50-day moving average price of $395.64 and a two-hundred day moving average price of $502.04.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to analysts' expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company 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 analysts anticipate that Intuit Inc. will post 17.49 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, July 9th. Intuit's dividend payout ratio (DPR) is presently 29.07%.

Analysts Set New Price Targets

INTU has been the topic of several research analyst reports. Guggenheim set a $633.00 price target on shares of Intuit in a research report on Monday, March 16th. Northcoast Research decreased their price target on shares of Intuit from $575.00 to $465.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intuit from $600.00 to $530.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Truist Financial decreased their price target on shares of Intuit from $500.00 to $410.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Finally, Wells Fargo & Company decreased their price target on shares of Intuit from $425.00 to $360.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $525.65.

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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