Eagle Capital Management Adds $493M in Intuit Inc. ($INTU)

Eagle Capital Management recently boosted its stake in Intuit Inc. (NasdaqGS: INTU), adding 1,782,288 shares. This increase brought its total holdings to 2,321,165 shares, valued at approximately $642.1 million, according to the latest 13F filing with the SEC for the period ending prior to May 15, 2026.

What Changed in Eagle Capital Management's Intuit Position

Eagle Capital Management's recent move significantly increased its holdings in Intuit, growing its position by over 330% from 538,877 shares to 2,321,165 shares. This substantial increase reflects a strong investment in the financial software company.

Other Institutional Activity in Intuit

In addition to Eagle Capital, other major funds also adjusted their positions in Intuit. BlackRock, Inc. trimmed its holdings by 955,251 shares, ending with 25,475,596 shares valued at about $11.01 billion. Vanguard Capital Management LLC initiated a position with 18,079,151 shares worth approximately $7.82 billion. JPMorgan Chase & Co increased its stake by 1,389,075 shares, now holding 13,098,859 shares valued at $5.62 billion. Meanwhile, State Street Corp slightly reduced its holdings by 100,699 shares, maintaining 12,962,149 shares worth about $5.60 billion.

Intuit Inc. Stock Snapshot

Shares of Intuit Inc. traded around $276.61. The company has a market cap of approximately $75.7 billion, with a P/E ratio of 16.88 and a forward P/E of 10.12. The stock's 52-week range is between $268.01 and $813.70, with a 50-day moving average of $367.86 and a 200-day moving average of $533.04. Intuit's beta is 0.964, indicating moderate volatility compared to the market.

Recent Earnings

Intuit reported revenue of $20.92 billion, showing a growth rate of 10.4%. The company achieved an EPS of $16.39, with a net margin of 21.91% and a return on equity of 22.50%. Intuit is set to release its next earnings report on May 20, 2026.

Dividend

Intuit offers an annual dividend rate of $4.80, yielding 1.73%. The dividend payout ratio stands at 28.31%.

Insider Buying and Selling at Intuit Inc.

Recent insider transactions at Intuit include planned sales by Richard Dalzell, who sold a total of 1,004 shares in early June 2026 at prices ranging from $279.86 to $297.65. On the buying side, Vasant Prabhu purchased 1,750 shares in late May at prices around $309.50.

Analysts Set New Price Targets

Analysts have set varied price targets for Intuit. On June 2, 2026, Goldman Sachs downgraded the stock to a 'sell' with a target of $276. Mizuho maintained a 'buy' rating with a $500 target on May 26. Other analysts like Freedom Broker and UBS have set targets of $430 and $360, respectively, maintaining 'hold' ratings. The consensus recommendation remains a 'buy', with a mean price target of $491.30 among 32 analysts.

About Intuit Inc.

Intuit Inc., headquartered in Mountain View, California, is a leading provider of financial management and compliance products. The company's offerings include QuickBooks, TurboTax, and Credit Karma, serving both individuals and businesses. Led by CEO Sasan K. Goodarzi, Intuit operates across various segments including Global Business Solutions and Consumer, employing around 18,200 people.

Bottom Line

Eagle Capital Management's significant increase in its Intuit holdings highlights its confidence in the company's prospects. Investors often track such moves for insights, though it's important to remember that 13F filings reflect past positions and may not indicate current strategies. Intuit remains a key player in the tech sector with a strong market presence and ongoing analyst attention.