GRIMES & Co WEALTH MANAGEMENT LLC Grows Position in Intuit Inc. $INTU

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in Intuit by 1,834.6% in Q4, acquiring an additional 19,630 shares to hold 20,700 shares worth about $13.71 million.
• Intuit beat quarterly estimates with $4.15 EPS (vs. $3.68 expected) and $4.65 billion revenue (up 17.4% year-over-year), and raised FY2026 and Q3 2026 guidance, indicating strong financial momentum.
• The company launched QuickBooks Workforce, an AI-powered HCM platform, and partnered with Vestwell to embed QuickBooks 401(k), expanding its SMB cross-sell and monetization opportunities.

GRIMES & Co WEALTH MANAGEMENT LLC grew its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 1,834.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,700 shares of the software maker's stock after purchasing an additional 19,630 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Intuit were worth $13,712,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Joseph Group Capital Management purchased a new stake in Intuit in the 4th quarter worth approximately $25,000. MTM Investment Management LLC boosted its position in Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Intuit in the 3rd quarter worth approximately $33,000. Richardson Financial Services Inc. boosted its position in Intuit by 70.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 51 shares of the software maker's stock worth $35,000 after purchasing an additional 21 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker's stock worth $36,000 after purchasing an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Stock Up 4.7%

NASDAQ INTU opened at $406.78 on Friday. The business has a fifty day moving average price of $416.74 and a 200 day moving average price of $532.27. Intuit Inc. has a one year low of $342.11 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $112.50 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.56 and a beta of 1.04.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the company earned $3.32 EPS. The firm's revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Research analysts anticipate that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 9th. Intuit's dividend payout ratio is currently 31.09%.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched QuickBooks Workforce, an AI-powered end-to-end human capital management (HCM) platform that combines payroll, HR, recruiting and benefits — a material expansion of Intuit’s addressable market and cross-sell opportunity to millions of QuickBooks customers. Intuit Unveils QuickBooks Workforce (BusinessWire)
• Positive Sentiment: Intuit announced an exclusive partnership with Vestwell to embed QuickBooks 401(k) into Workforce, which accelerates monetization of benefits and makes QuickBooks a one-stop HR/payroll/retirement platform for SMBs. Vestwell Selected by Intuit (Yahoo)
• Positive Sentiment: Early coverage and reviews highlight Workforce as a capable, feature-rich payroll + HCM product — favorable reviews (PCMag, others) can help adoption and seller confidence among SMB buyers. Intuit QuickBooks Workforce Review (PCMag)
• Positive Sentiment: Incremental product improvements (faster Shopify–QuickBooks integration) reduce friction for merchant customers and support SMB ecosystem stickiness. Shopify–QuickBooks Integration Update (MSN)
• Neutral Sentiment: Financial media and investor platforms (Zacks, Yahoo) note INTU is a “trending” stock — increased attention can boost volume and volatility but doesn’t change fundamentals by itself. INTU Trending Stock (Zacks)
• Positive Sentiment: Recent quarterly results were strong (earnings and revenue beat; raised guidance), giving Intuit financial momentum as it rolls out Workforce and embedded retirement offerings. Source: company earnings and guidance
• Negative Sentiment: Risks: INTU’s current share price sits well below its 200‑day moving average and remains far from its one‑year high, suggesting the market is weighing valuation and execution risk for new initiatives; HCM is competitive and monetization will take time. Source: market performance data

Wall Street Analyst Weigh In

INTU has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on Intuit from $750.00 to $605.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. Susquehanna reduced their target price on Intuit from $819.00 to $720.00 and set a "positive" rating for the company in a research note on Tuesday, February 24th. Scotiabank set a $575.00 target price on Intuit in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft reduced their target price on Intuit from $850.00 to $600.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Finally, Daiwa Securities Group reduced their target price on Intuit from $800.00 to $640.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $636.10.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company's stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.49% of the company's stock.

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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