Korea Investment CORP Reduces Position in Intuit Inc. $INTU

Korea Investment CORP lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 209,554 shares of the software maker’s stock after selling 1,060 shares during the period. Korea Investment CORP’s holdings in Intuit were worth $143,107,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTU. Tortoise Investment Management LLC lifted its stake in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after buying an additional 27 shares in the last quarter. Sagard Holdings Management Inc. purchased a new stake in Intuit during the second quarter valued at $28,000. True Wealth Design LLC boosted its stake in 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 buying an additional 27 shares during the period. MTM Investment Management LLC grew its holdings in Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Total Investment Management Inc. purchased a new stake in shares of Intuit in the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 earnings beat & guidance: Intuit reported a better‑than‑expected quarter (EPS and revenue beats, revenue +17% y/y) and set Q3/FY26 guidance that supports continued growth — this is the main fundamental driver for the rally. INTU Stock Rises 18.3% Post Q2 Earnings
• Positive Sentiment: Big AI partnership: Intuit announced a broad collaboration with Anthropic to build customizable AI agents for mid‑market customers — this supports product differentiation, upsell potential and the company’s AI-driven revenue narrative. Intuit Anthropic AI Agents Aim To Deepen Mid Market Integration
• Positive Sentiment: Analyst upgrades & upside to price targets: Multiple firms raised or reiterated bullish ratings (Northcoast upgrade to Buy with $575 PT; Argus strong‑buy; the consensus analyst targets imply material upside), underpinning investor confidence. Finviz (Northcoast upgrade) Wall Street Analysts Predict a 33.67% Upside
• Positive Sentiment: Sector rotation into software: Broader flows have favored software this week vs. semiconductors, lifting beaten-down software names including Intuit and providing a momentum tailwind. Tech Rotation Swings Back Toward Software
• Neutral Sentiment: Momentum & valuation questions: The stock has had a sharp multi‑day run (Forbes notes a 7‑day +30% move), prompting debate over whether the rally is overextended vs. justified by fundamentals. Monitor near‑term profit‑taking risk. Is Intuit Stock Rally Overextended Or Just Getting Started?
• Neutral Sentiment: Earnings acceleration theme: Screens and analyst commentary highlight improving EPS revisions and acceleration metrics — bullish signal, but execution and AI monetization will determine durability. 3 Best Earnings Acceleration Stocks to Buy in March 2026
• Negative Sentiment: Some price‑target trims despite buy ratings: A number of firms trimmed targets (Daiwa, TD Cowen, Mizuho, JPMorgan) even while keeping buy ratings — this signals varied views on upside and valuation sensitivity. That increases short‑term volatility risk if guidance/AI execution falters. Daiwa Lowers PT to $640

Insider Activity at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the sale, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the sale, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 269,596 shares of company stock worth $178,119,764 over the last quarter. Company insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on INTU shares. Evercore reaffirmed an “outperform” rating and set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. KeyCorp lowered their target price on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. BMO Capital Markets cut their price target on shares of Intuit from $624.00 to $550.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. lowered their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, Northcoast Research raised shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price target for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $642.32.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $481.17 on Friday. Intuit Inc. has a 1 year low of $349.00 and a 1 year high of $813.70. The firm has a market capitalization of $133.07 billion, a PE ratio of 31.16, a P/E/G ratio of 1.93 and a beta of 1.26. The business’s 50 day moving average price is $503.41 and its 200-day moving average price is $608.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the firm earned $3.32 earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

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.