Intuit Inc. $INTU Shares Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 8.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,058 shares of the software maker’s stock after buying an additional 3,600 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Intuit were worth $30,771,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in INTU. Tortoise Investment Management LLC grew its holdings in Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares during the period. Westside Investment Management Inc. raised its position in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares during the period. Sagard Holdings Management Inc. purchased a new stake in shares of Intuit during the 2nd quarter valued at about $28,000. True Wealth Design LLC lifted its position in shares of Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. Finally, LGT Financial Advisors LLC acquired a new position in Intuit in the 2nd quarter worth $32,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: BMO Capital kept an “Outperform” rating on INTU (supports investor confidence in the name). BMO Capital Maintains an Outperform Rating on Intuit Inc. (INTU)
• Positive Sentiment: Intuit launched an AI-powered Construction Edition for its Enterprise Suite — expands addressable market in mid-market construction with AI-native ERP features. Intuit Launches New AI-Powered Construction Edition for Intuit Enterprise Suite
• Positive Sentiment: Intuit rolled out a new firm hub as a QBOA replacement — product cadence that can improve retention and sell-through to accountants. Intuit launches new firm hub as QBOA replacement
• Positive Sentiment: Prominent commentators (e.g., Jim Cramer) and bullish pieces argue the pullback is a buying opportunity—supports short-term buyer interest. Jim Cramer on Intuit: “I’d Be a Buyer Right Here, Right Now”
• Neutral Sentiment: Industry strategists and analysts (Morgan Stanley, JP Morgan commentary) are flagging the broader software sell-off as a potential entry point for high-quality names like Intuit—contextual for sector-driven moves rather than company-specific news. AI disruption fears create buying chance in US software stocks, strategists say
• Neutral Sentiment: Reported short-interest figures in feeds look erroneous (showing 0 shares); no clear meaningful short-squeeze signal from the published data. Intuit stock hits 52-week low at $410.59
• Negative Sentiment: BMO cut its price target on INTU from $810 to $624 — lowers near-term analyst valuation and is a direct negative for investor expectations. BMO Capital Maintains an Outperform Rating on Intuit Inc. (INTU)
• Negative Sentiment: INTU hit a 52-week low ($410.59 reported) — signals selling pressure and reinforces negative sentiment among momentum and risk-averse investors. Intuit stock hits 52-week low at $410.59
• Negative Sentiment: An employee has sued Intuit alleging a manager labeled her a “DEI hire” — potential reputational/legal risk, though impact on fundamentals likely limited unless escalates. Employee sues Intuit alleging manager branded her a ‘DEI hire’

Insider Activity at Intuit

In other news, Director Scott D. Cook sold 1,402 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the transaction, the director directly owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on INTU. Weiss Ratings downgraded Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a research note on Wednesday, January 28th. Oppenheimer reduced their price objective on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. UBS Group set a $739.00 target price on shares of Intuit in a research report on Tuesday, January 6th. Finally, Truist Financial assumed coverage on shares of Intuit in a research report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price target on the stock. Twenty-two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $772.42.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $399.31 on Thursday. Intuit Inc. has a 52 week low of $392.38 and a 52 week high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $111.12 billion, a P/E ratio of 27.29, a PEG ratio of 1.72 and a beta of 1.24. The firm’s 50 day moving average is $593.15 and its two-hundred day moving average is $649.61.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, January 9th. Intuit’s payout ratio is 32.81%.

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.