Intuit Inc. $INTU Holdings Decreased by Assetmark Inc.

Key Points

• Assetmark trimmed its stake in Intuit by 6.7% in Q4 to 63,782 shares valued at $42.25M, while overall institutional ownership remains high at 83.66% and several large funds (Vanguard, State Street, Invesco, Northern Trust, AllianceBernstein) have been adding to positions.
• Analysts carry a consensus "Moderate Buy" with an average price target of $638.06, but recent mixed actions — including price-target cuts (e.g., UBS to $440) and upgrades — and a roughly 40%+ YTD share-price decline highlight a valuation debate driven more by sentiment than company fundamentals.
• Intuit reported a beat with $4.15 EPS vs. $3.68 and revenue up 17.4% YoY, issued FY26 guidance, and pays a $1.20 quarterly dividend (1.3% yield); shares trade near $366.80 with a 52‑week range of $342.11–$813.70 and a market cap around $101.4B.

Assetmark Inc. trimmed its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,782 shares of the software maker's stock after selling 4,565 shares during the quarter. Assetmark Inc.'s holdings in Intuit were worth $42,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Intuit by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker's stock worth $19,546,243,000 after buying an additional 914,024 shares during the last quarter. State Street Corp boosted its position in Intuit by 1.2% during the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker's stock worth $8,797,779,000 after acquiring an additional 158,456 shares during the period. Invesco Ltd. boosted its position in Intuit by 7.8% during the 3rd quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker's stock worth $2,565,810,000 after acquiring an additional 271,407 shares during the period. Northern Trust Corp boosted its position in Intuit by 4.8% during the 3rd quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker's stock worth $2,356,040,000 after acquiring an additional 158,843 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Intuit by 183.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker's stock worth $1,365,640,000 after acquiring an additional 1,295,199 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of analyst reports. Truist Financial initiated coverage on Intuit in a research report on Tuesday, January 6th. They set a "buy" rating and a $739.00 price target for the company. BNP Paribas Exane upgraded Intuit from an "underperform" rating to a "neutral" rating and set a $463.00 price objective for the company in a report on Monday, March 16th. UBS Group cut their price objective on Intuit from $725.00 to $440.00 and set a "neutral" rating for the company in a report on Friday, February 27th. Royal Bank Of Canada cut their price objective on Intuit from $850.00 to $600.00 and set an "outperform" rating for the company in a report on Friday, February 27th. Finally, Barclays restated an "overweight" rating and issued a $540.00 price objective on shares of Intuit in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $638.06.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company's stock, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.49% of the stock is currently owned by corporate insiders.

Intuit Trading Down 0.7%

Shares of Intuit stock opened at $366.80 on Wednesday. Intuit Inc. has a fifty-two week low of $342.11 and a fifty-two week high of $813.70. The firm has a market cap of $101.44 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $418.60 and a 200-day simple moving average of $560.66.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results 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 business 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 business posted $3.32 earnings per share. Intuit'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. On average, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit's dividend payout ratio is currently 31.09%.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Company growth and fundamentals remain intact — recent analysis notes Intuit reported strong revenue expansion (around +17% YoY in Q2/FY26 commentary) and continuing margin strength, which supports longer‑term earnings power. Same Intuit, Half the Price. What's Actually Going On?
• Positive Sentiment: Intuit remains regarded as a wide‑moat software franchise by some screeners, reinforcing its competitive edge in tax and small‑business financial software (a factor supportive of recovery once sentiment stabilizes). Top Wide-Moat Stocks to Buy for Long-Term Wealth and Stability
• Neutral Sentiment: Relative-value debate: multiple articles compare Intuit to peers (e.g., Progress Software) to judge which is the better value today — useful for investors weighing valuation vs. growth tradeoffs. PRGS or INTU: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Additional valuation/comparison coverage offers alternative takes on whether the pullback creates a buying opportunity or reflects structural multiple compression. PRGS or INTU: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Investor‑letter / Q1 commentary pieces review what drove recent results and investor reactions — helpful for understanding near‑term revenue/margin drivers and investor positioning. Here’s What Impacted Intuit (INTU) in Q1
• Neutral Sentiment: Regulatory/compliance note — proposed H.R.8130 (Tax Filer Voter Registration Act) mentions tax‑preparer software obligations (Intuit/TurboTax could need UI/links changes). This is a potential operational/compliance cost consideration but not an immediate earnings shock. New Bill: ... Tax Filer Voter Registration Act
• Negative Sentiment: Sentiment-driven re‑rating: coverage highlights a roughly 40%+ share‑price decline year‑to‑date and a swift price re‑rating as investors rotate away from premium growth multiples — the sell‑off, not fundamentals, appears to be the main drag on the stock. Is It Time To Reconsider Intuit (INTU) After This Year’s 41% Share Price Slide

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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