Maverick Capital Ltd. Has $676,000 Holdings in Intuit Inc. $INTU

Maverick Capital Ltd. cut its stake in Intuit Inc. (NASDAQ:INTU) by 79.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,564 shares of the software maker’s stock after selling 5,927 shares during the period. Maverick Capital Ltd.’s holdings in Intuit were worth $676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Intuit during the 4th quarter worth about $3,058,407,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after buying an additional 1,972,719 shares during the period. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit in the first quarter valued at about $785,564,000. Bank of New York Mellon Corp grew its position in Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after buying an additional 471,451 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Intuit by 172.1% during the first quarter. SG Americas Securities LLC now owns 674,982 shares of the software maker’s stock worth $291,849,000 after buying an additional 426,952 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit benefited from renewed investor interest in enterprise software after software stocks outperformed semiconductor shares. Separately, Intuit’s AI initiatives and use of automation to improve efficiency could support its long-term competitive position. Software Is Beating Chips for Once
• Neutral Sentiment: Multiple law firms announced or promoted a securities class action against Intuit and certain executives. The case covers investors who purchased shares between August 22, 2025, and May 20, 2026, with lead-plaintiff deadlines generally falling on September 8 or September 9, 2026. These announcements do not establish wrongdoing, but they add uncertainty and potential litigation costs. Pomerantz Class Action Announcement
• Negative Sentiment: The lawsuits allege that Intuit overstated the sustainability and growth of its tax-related operations, particularly TurboTax, while failing to disclose increased competition, pricing pressure and customer losses. Plaintiffs claim these issues contributed to a stock decline of more than 20% after the market reassessed Intuit’s outlook. Intuit Securities Class Action Allegations
• Negative Sentiment: TD Cowen downgraded INTU to Hold from Buy, citing a near-term catalyst path that is skewed more negatively than positively and could limit a recovery in the shares. Investors also remain concerned about AI-driven disruption and earnings pressure. TD Cowen Downgrades Intuit

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 500 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $309.71 per share, with a total value of $154,855.00. Following the acquisition, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This represents a 40.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 1,239 shares of company stock valued at $348,354 in the last quarter. 2.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on INTU shares. Jefferies Financial Group cut their price target on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Royal Bank Of Canada decreased their price objective on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Barclays lowered their price objective on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Morgan Stanley cut Intuit from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $580.00 to $335.00 in a research report on Tuesday, July 21st. Finally, Northcoast Research decreased their price target on shares of Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Twenty investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $462.39.

Intuit Price Performance

Shares of INTU stock opened at $312.99 on Wednesday. The stock’s fifty day simple moving average is $289.92 and its 200 day simple moving average is $387.12. Intuit Inc. has a one year low of $252.84 and a one year high of $813.70. The firm has a market cap of $85.61 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (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 analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior 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. On average, analysts expect that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Dividend Announcement

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

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.