Morningstar Investment Management LLC Sells 12,389 Shares of Intuit Inc. $INTU

Key Points

• Morningstar Investment Management cut its Intuit stake by 92.4% in the fourth quarter, selling 12,389 shares and leaving it with 1,019 shares valued at about $675,000.
• Intuit recently reported better-than-expected quarterly results, with EPS of $12.80 versus $12.57 expected and revenue of $8.56 billion, while also raising guidance for Q4 2026 and fiscal 2026.
• Despite the earnings beat, analyst sentiment remains mixed: several firms lowered price targets, the consensus rating is still “Moderate Buy,” and the stock has been under pressure after the post-earnings selloff.

Morningstar Investment Management LLC lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 92.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,019 shares of the software maker's stock after selling 12,389 shares during the period. Morningstar Investment Management LLC's holdings in Intuit were worth $675,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Joseph Group Capital Management bought a new stake in shares of Intuit during the fourth quarter worth $25,000. MTM Investment Management LLC lifted its stake in shares of Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock valued at $32,000 after acquiring an additional 27 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit during the third quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker's stock valued at $36,000 after acquiring an additional 19 shares during the period. Finally, Steph & Co. lifted its stake in shares of Intuit by 346.2% during the fourth quarter. Steph & Co. now owns 58 shares of the software maker's stock valued at $38,000 after acquiring an additional 45 shares during the period. Institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

INTU has been the topic of several recent research reports. Scotiabank set a $575.00 target price on shares of Intuit in a research note on Friday, March 6th. UBS Group reduced their target price on shares of Intuit from $440.00 to $360.00 and set a "neutral" rating on the stock in a research note on Thursday, May 21st. Evercore reduced their target price on shares of Intuit from $540.00 to $400.00 and set an "outperform" rating on the stock in a research note on Thursday. BMO Capital Markets reduced their target price on shares of Intuit from $550.00 to $412.00 and set an "outperform" rating on the stock in a research note on Thursday, May 21st. Finally, Citigroup reduced their target price on shares of Intuit from $649.00 to $591.00 and set a "buy" rating on the stock in a research note on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $546.29.

Intuit Stock Performance

NASDAQ:INTU opened at $319.94 on Tuesday. Intuit Inc. has a 1-year low of $302.36 and a 1-year high of $813.70. The business's 50-day moving average price is $401.25 and its two-hundred day moving average price is $506.95. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $87.52 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.29 and a beta of 1.04.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results 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. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the prior year, the firm posted $11.65 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities analysts expect that Intuit Inc. will post 17.49 earnings per share for the current year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.5%. Intuit's dividend payout ratio is presently 29.07%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts remain broadly bullish on Intuit, with several recent reports highlighting the stock as a buy and noting that its long-term growth story is still intact. Do Wall Street Analysts Like Intuit Stock?
• Positive Sentiment: Multiple articles pointed to Intuit’s strong growth profile, and analysts continue to view the company as attractive for both growth and value investors versus peers like Microsoft. 3 Reasons Why Growth Investors Shouldn't Overlook Intuit (INTU)
• Positive Sentiment: TipRanks also listed Intuit among this week’s top analyst picks, reinforcing that Wall Street still sees upside from current levels. 3 Best Stocks to Buy This Week, According to Analysts – May 25-May 29
• Neutral Sentiment: Intuit’s latest quarter beat estimates and management raised full-year guidance, which should support the long-term thesis, but that good news was not enough to stop the stock from selling off. Why Intuit Stock Plummeted This Week
• Neutral Sentiment: Recent commentary suggests investors are still debating whether the post-earnings decline has created a buying opportunity or reflects deeper concerns about pricing pressure and tax-product competition. Intuit Stock (INTU) Opinions on Post-Earnings Stock Decline
• Negative Sentiment: A new shareholder investigation into possible misstatements about pricing issues adds legal overhang and could weigh on sentiment near term. $INTU Shareholder Announcement: Intuit may have Misled Investors about its Pricing Issues – Contact BFA Law about its Pending Investigation
• Negative Sentiment: Coverage over the weekend emphasized that Intuit has sharply underperformed the market despite better-than-expected earnings, suggesting investor skepticism remains high after the post-report drop. Why Intuit Stock Plummeted This Week

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director owned 13,253 shares of the company's stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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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