Oppenheimer Asset Management Inc. Invests $6.95 Million in Intuit Inc. $INTU

Key Points

• Oppenheimer Asset Management acquired 26,626 Intuit shares during the second quarter, worth approximately $6.95 million. Institutional investors collectively own 83.66% of Intuit’s stock.
• Analyst sentiment remains mixed but leans positive: 19 analysts rate Intuit a Buy, 10 Hold and three Sell, producing a “Moderate Buy” consensus and a $456.90 average price target after several firms lowered targets.
• Intuit beat quarterly earnings expectations, reporting $12.80 in EPS and $8.56 billion in revenue, up 10.4% year over year. The company is expanding its AI capabilities across QuickBooks and its enterprise platform, though legal allegations concerning TurboTax growth and competitive pressures add risk.

Oppenheimer Asset Management Inc. acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 26,626 shares of the software maker's stock, valued at approximately $6,949,000.

A number of other institutional investors have also made changes to their positions in INTU. Norges Bank acquired a new stake in Intuit in the 4th quarter valued at $3,058,407,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock worth $1,684,795,000 after buying an additional 1,972,719 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit during the 1st quarter worth about $785,564,000. Amundi grew its holdings in shares of Intuit by 44.9% in the 1st quarter. Amundi now owns 1,563,158 shares of the software maker's stock valued at $675,878,000 after acquiring an additional 484,602 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker's stock valued at $1,848,954,000 after acquiring an additional 471,451 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the firm's stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director owned 11,758 shares of the company's stock, valued at $3,084,358.56. This trade represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $309.71 per share, with a total value of $154,855.00. Following the completion of the transaction, 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 90 days, insiders sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on INTU. Weiss Ratings lowered Intuit from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Intuit from $600.00 to $530.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. TD Cowen boosted their price target on Intuit from $304.00 to $328.00 and gave the stock a "hold" rating in a research report on Tuesday. KeyCorp dropped their price objective on Intuit from $520.00 to $450.00 and set an "overweight" rating on the stock in a research note on Thursday, May 21st. Finally, Susquehanna cut their price objective on Intuit from $550.00 to $427.00 and set a "positive" rating for the company in a report on Monday, July 20th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $456.90.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit expanded its Intuit Intelligence platform with conversational AI and additional capabilities for QuickBooks Online Advanced and Intuit Enterprise Suite. The initiative targets larger businesses, CFOs and accounting firms and could support growth beyond Intuit’s traditional small-business customer base. Intuit Advances Its Mid-Market Platform With Conversational AI, Enterprise Scale, and Deep Industry Workflows for CFOs and Accounting Firms
• Positive Sentiment: Some recent analyst commentary remains bullish, arguing that Intuit’s core QuickBooks and online ecosystem remain resilient, while TurboTax monetization, Credit Karma synergies and AI adoption could help sustain double-digit growth. Upcoming fiscal-year 2027 guidance and management’s AI strategy are viewed as important catalysts. Intuit: Strong Fundamentals Amid AI Fears Make The Stock Attractive
• Neutral Sentiment: Options pricing implies a wide potential trading range rather than a clear directional signal, suggesting elevated uncertainty and the need for investors to manage position sizes carefully. Intuit's Options Price A Floor Below Anything The Stock Has Touched In A Year
• Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers. The complaints allege that the company misled investors about the sustainability of business growth, particularly TurboTax, and failed to disclose competitive and pricing pressures in its tax operations. The allegations have not been proven. Investors in the August 22, 2025–May 20, 2026 class period have until September 8, 2026 to seek lead-plaintiff status. The repeated notices add legal and reputational overhang to the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act

Intuit Trading Down 3.5%

Shares of NASDAQ:INTU opened at $345.66 on Friday. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $721.54. The company has a market capitalization of $94.55 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.09 and a beta of 0.97. The company has a 50-day simple moving average of $292.28 and a 200 day simple moving average of $366.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $0.23. The business 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% on a year-over-year basis. During the same quarter last year, the company posted $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 forecast that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. Intuit's payout ratio is presently 29.07%.

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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