Chevy Chase Trust Holdings LLC Reduces Position in Intuit Inc. $INTU

Chevy Chase Trust Holdings LLC trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 3.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 142,522 shares of the software maker’s stock after selling 5,306 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Intuit were worth $97,330,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Intuit by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after acquiring an additional 914,024 shares during the last quarter. State Street Corp raised its holdings in shares of Intuit by 1.0% during the second quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock valued at $10,022,059,000 after purchasing an additional 125,990 shares during the last quarter. Norges Bank purchased a new position in shares of Intuit during the second quarter valued at approximately $3,268,830,000. Invesco Ltd. lifted its position in Intuit by 7.8% during the third quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock valued at $2,565,810,000 after purchasing an additional 271,407 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after purchasing an additional 1,295,199 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Trading Up 1.1%

Shares of Intuit stock opened at $439.96 on Friday. Intuit Inc. has a fifty-two week low of $349.00 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $121.67 billion, a P/E ratio of 28.49, a P/E/G ratio of 1.77 and a beta of 1.26. The company has a fifty day moving average of $482.31 and a 200 day moving average of $600.26.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period last year, the firm earned $3.32 earnings per share. The business’s quarterly revenue 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. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is 31.09%.

Analysts Set New Price Targets

A number of equities research analysts have commented on INTU shares. TD Cowen cut their target price on shares of Intuit from $658.00 to $633.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Wolfe Research set a $550.00 price target on Intuit and gave the stock an “outperform” rating in a research note on Thursday. BNP Paribas Exane cut their price objective on Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a report on Monday, February 23rd. BMO Capital Markets reduced their price objective on Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Citigroup reduced their price objective on Intuit from $803.00 to $649.00 and set a “buy” rating for the company in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $634.26.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Multi‑year partnership with Anthropic to build AI financial agents strengthens Intuit’s AI product roadmap and long‑term revenue opportunity, supporting buy‑side interest. Read More.
• Positive Sentiment: Rothschild & Co Redburn upgraded Intuit, providing fresh analyst support that can anchor the stock amid recent weakness. Read More.
• Neutral Sentiment: Company announced a quarterly dividend (ex‑dividend April 9), a steady capital‑return sign but modest yield—likely a neutral to mild positive for income‑focused investors. Read More.
• Neutral Sentiment: Analyses and valuation pieces note a multi‑month share selloff and re‑rating debate—keeps the stock in focus but produces mixed signals for timing. Read More.
• Negative Sentiment: Management’s Q3 profit guidance came in below Wall Street estimates after the Feb. 26 earnings release; that guidance miss triggered a post‑earnings pullback and remains a key near‑term risk. Read More.
• Negative Sentiment: Director Richard L. Dalzell sold 333 shares (~$440 avg) recently, reducing his stake modestly; while small in size, insider sales can be read negatively in a down tape. Read More.

Insiders Place Their Bets

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the sale, the chief executive officer owned 13,611 shares in the company, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 536 shares in the company, valued at $337,390.56. This trade represents a 71.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,501 shares of company stock valued at $79,983,892 in the last 90 days. 2.49% of the stock is currently owned by company insiders.

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.