Intuit Inc. $INTU Shares Sold by Horizon Investments LLC

Key Points

• Horizon Investments LLC trimmed its stake in Intuit by 22.9% in Q4, selling 4,712 shares and leaving 15,894 shares valued at about $10.51 million.
• Intuit beat quarterly estimates, reporting $4.15 EPS vs. $3.68 expected and $4.65B revenue vs. $4.53B expected (revenue +17.4% year-over-year), and issued Q3 2026 guidance of 12.45–12.51 EPS and FY2026 guidance of 22.98–23.18 EPS.
• Analysts have trimmed price targets recently but remain largely positive; the stock's consensus rating is a "Moderate Buy" with an average price target of $636.10.

Horizon Investments LLC lessened its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,894 shares of the software maker's stock after selling 4,712 shares during the quarter. Horizon Investments LLC's holdings in Intuit were worth $10,509,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Intuit by 1.0% during 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 buying an additional 296,448 shares during the last quarter. State Street Corp grew its holdings in Intuit by 1.2% during the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker's stock valued at $8,797,779,000 after buying an additional 158,456 shares during the last quarter. Invesco Ltd. grew its holdings in Intuit by 7.8% during the 3rd quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker's stock valued at $2,565,810,000 after buying an additional 271,407 shares during the last quarter. Northern Trust Corp grew its holdings in Intuit by 4.8% during the 3rd quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker's stock valued at $2,356,040,000 after buying an additional 158,843 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Intuit by 183.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker's stock valued at $1,365,640,000 after buying an additional 1,295,199 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction on 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of Intuit from $624.00 to $550.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Royal Bank Of Canada decreased their price objective on Intuit from $850.00 to $600.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. decreased their price objective on Intuit from $750.00 to $605.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Argus lowered their price objective on Intuit from $780.00 to $580.00 and set a "buy" rating for the company in a research report on Wednesday, March 4th. Finally, Barclays reaffirmed an "overweight" rating and issued a $540.00 price objective on shares of Intuit in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $636.10.

Intuit Stock Up 2.7%

Shares of NASDAQ INTU opened at $399.00 on Friday. Intuit Inc. has a 52-week low of $342.11 and a 52-week high of $813.70. The firm has a fifty day moving average of $414.84 and a 200-day moving average of $538.51. The stock has a market capitalization of $110.34 billion, a PE ratio of 25.84, a P/E/G ratio of 1.60 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion during the quarter, compared to analysts' expectations of $4.53 billion. During the same period in the previous year, the company earned $3.32 EPS. The business's quarterly 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, analysts anticipate that Intuit Inc. will post 17.44 EPS for the current year.

Intuit Announces Dividend

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

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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