Geode Capital Management LLC Has $4.37 Billion Stake in Intuit Inc. $INTU

Geode Capital Management LLC lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,614,539 shares of the software maker’s stock after acquiring an additional 87,451 shares during the period. Geode Capital Management LLC’s holdings in Intuit were worth $4,369,488,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Fidelis Capital Partners LLC grew its position in shares of Intuit by 5.1% during the 4th quarter. Fidelis Capital Partners LLC now owns 2,068 shares of the software maker’s stock worth $1,370,000 after buying an additional 100 shares during the period. King Luther Capital Management Corp grew its position in shares of Intuit by 11.1% during the 4th quarter. King Luther Capital Management Corp now owns 73,594 shares of the software maker’s stock worth $48,750,000 after buying an additional 7,362 shares during the period. Employees Retirement System of Texas grew its position in shares of Intuit by 60.6% during the 4th quarter. Employees Retirement System of Texas now owns 11,869 shares of the software maker’s stock worth $7,862,000 after buying an additional 4,480 shares during the period. Expressive Wealth LLC acquired a new stake in shares of Intuit during the 4th quarter worth approximately $607,000. Finally, Flputnam Investment Management Co. grew its position in shares of Intuit by 135.3% during the 4th quarter. Flputnam Investment Management Co. now owns 13,953 shares of the software maker’s stock worth $9,243,000 after buying an additional 8,022 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America restarted coverage on Intuit with a Buy rating and $400 target, citing AI tailwinds, strong margins, and durable competitive positioning. Article: Intuit seen benefitting from AI tailwinds, says Bank of America
• Positive Sentiment: Director Vasant Prabhu bought additional INTU shares, a potentially bullish insider signal after the stock’s steep decline. Article: SEC Form 4 filing
• Positive Sentiment: Analyst commentary continues to describe Intuit as a long-term value/growth opportunity, pointing to TurboTax strength, TurboTax Live momentum, and AI-driven product expansion. Article: TurboTax’s Strong FY26 Run
• Neutral Sentiment: Several firms lowered price targets after the recent pullback, but most still kept bullish ratings, suggesting the selloff may be more about valuation and short-term concerns than a collapse in fundamentals. Article: Daiwa Securities adjusts price target
• Negative Sentiment: Intuit is facing investor scrutiny over alleged pricing issues, with multiple law firms launching investigations that could add headline risk and pressure sentiment. Article: Intuit pricing issues investigation
• Negative Sentiment: The company’s mass-layoff notice in California and Nevada underscores a significant restructuring, which may worry investors even as management pursues an AI-focused turnaround. Article: Intuit files notice for mass layoffs

Intuit Stock Performance

Shares of INTU opened at $307.73 on Thursday. 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 Inc. has a twelve month low of $300.50 and a twelve month high of $813.70. The firm’s 50 day moving average price is $395.64 and its two-hundred day moving average price is $502.04. The firm has a market cap of $84.18 billion, a P/E ratio of 18.64, a PEG ratio of 1.18 and a beta of 1.04.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. 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 previous year, the firm posted $11.65 earnings per share. The business’s 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, analysts forecast that Intuit Inc. will post 17.49 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.6%. Intuit’s payout ratio is presently 29.07%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Evercore reduced their price objective on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Rothschild & Co Redburn raised shares of Intuit from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $670.00 to $700.00 in a research note on Tuesday, March 10th. Stifel Nicolaus reduced their price objective on shares of Intuit from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Bank of America assumed coverage on shares of Intuit in a research note on Wednesday. They set a “buy” rating and a $400.00 price objective on the stock. Finally, Truist Financial reduced their price objective on shares of Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Twenty-four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $525.65.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, March 12th. The shares were 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. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vasant M. Prabhu purchased 1,250 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the purchase, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 2.49% of the company’s stock.

Intuit 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.