NewEdge Advisors LLC Has $15.95 Million Holdings in Intuit Inc. $INTU

Key Points

• NewEdge Advisors cut its Intuit position by 63% in the first quarter, retaining 36,898 shares valued at $15.95 million. Institutional investors collectively own 83.66% of the stock.
• Intuit exceeded quarterly expectations with $12.80 in EPS and $8.56 billion in revenue, up 10.4% year over year. The company also pays a quarterly dividend of $1.20 per share, yielding approximately 1.5%.
• Despite a “Moderate Buy” consensus, several analysts have lowered price targets, while a proposed securities lawsuit alleges investors were misled about TurboTax growth and competitive pressures. Rising AI-related costs across the software sector add another potential margin concern.

NewEdge Advisors LLC lessened its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 63.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,898 shares of the software maker's stock after selling 62,881 shares during the quarter. NewEdge Advisors LLC's holdings in Intuit were worth $15,954,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of INTU. Joseph Group Capital Management acquired a new position in shares of Intuit during the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit during the 4th quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit in the 3rd quarter valued at approximately $33,000. Birchwood Financial Partners Inc. acquired a new stake in Intuit in the 4th quarter valued at approximately $33,000. Finally, Steph & Co. increased its position in Intuit by 346.2% in the 4th quarter. Steph & Co. now owns 58 shares of the software maker's stock worth $38,000 after buying an additional 45 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced that Citrin Cooperman has made its AI-native Intuit Enterprise Suite available to clients. The partnership could support adoption of Intuit’s enterprise financial-management products among middle-market businesses and broaden growth beyond its traditional tax and small-business offerings. Citrin Cooperman Expands Its ERP and Advisory Offerings with Intuit Enterprise Suite
• Neutral Sentiment: Several law firms, including Rosen, Bronstein Gewirtz & Grossman, Robbins, Pomerantz and others, issued investor notices concerning a securities class action covering purchases made from August 22, 2025, through May 20, 2026. The notices largely repeat the same case and encourage investors to seek lead-plaintiff status by September 8, 2026; they do not represent separate confirmed judgments against Intuit. INTU Investors Have Opportunity to Lead Intuit Inc. Securities Fraud Lawsuit
• Negative Sentiment: The lawsuit alleges that Intuit and certain executives misled investors about the sustainability and growth prospects of TurboTax and failed to adequately disclose rising competition and pricing pressure in its tax-related operations. If the claims gain traction, Intuit could face litigation costs, settlement exposure and reputational damage. Intuit Inc. Stockholders Have Rights
• Negative Sentiment: Intuit was also among software stocks pressured after Figma highlighted sharply higher artificial-intelligence investment costs. The sector development raises concerns about margin pressure and the return on AI spending, even though it is not specific to Intuit. Software Stocks Slide After Figma Flags Surging AI Costs

Intuit Price Performance

Shares of NASDAQ:INTU opened at $325.25 on Friday. The firm has a market capitalization of $88.97 billion, a PE ratio of 19.70, a PEG ratio of 1.03 and a beta of 0.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $762.48. The business's 50 day moving average is $289.81 and its 200-day moving average is $373.05.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping 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 return on equity of 25.18% and a net margin of 21.91%.Intuit's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Sell-side analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 9th. Intuit's payout ratio is 29.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTU. Morgan Stanley lowered Intuit from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $580.00 to $335.00 in a report on Tuesday, July 21st. Susquehanna dropped their target price on shares of Intuit from $550.00 to $427.00 and set a "positive" rating on the stock in a research report on Monday, July 20th. Oppenheimer cut their target price on shares of Intuit from $558.00 to $406.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Mizuho reduced their price target on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a report on Tuesday, May 26th. Finally, HSBC decreased their price target on shares of Intuit from $897.00 to $707.00 and set a "buy" rating on the stock in a research report on Friday, May 22nd. Nineteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $460.45.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director owned 11,758 shares of the company's stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 500 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of $309.71 per share, with a total value of $154,855.00. Following the purchase, the director owned 1,750 shares of the company's stock, valued at approximately $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is currently owned by insiders.

About Intuit

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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