Tcfg Wealth Management LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,347 shares of the software maker’s stock, valued at approximately $12,529,000. Intuit makes up 3.1% of Tcfg Wealth Management LLC’s portfolio, making the stock its 4th largest position.
A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after purchasing an additional 914,024 shares during the last quarter. State Street Corp increased its stake in shares of Intuit by 1.2% in the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock valued at $8,797,779,000 after purchasing an additional 158,456 shares during the last quarter. Norges Bank acquired a new position in shares of Intuit during the 2nd quarter worth $3,268,830,000. Invesco Ltd. raised its holdings in shares of Intuit by 7.8% during the 3rd quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock worth $2,565,810,000 after buying an additional 271,407 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Intuit by 4.8% during the 3rd quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker’s stock worth $2,356,040,000 after buying an additional 158,843 shares during the last quarter. 83.66% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on INTU. UBS Group decreased their target price on Intuit from $725.00 to $440.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Royal Bank Of Canada reduced their price target on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Rothschild & Co Redburn raised shares of Intuit from a “neutral” rating to a “buy” rating and lifted their price target for the company from $670.00 to $700.00 in a report on Tuesday, March 10th. Scotiabank set a $575.00 price objective on shares of Intuit in a research note on Friday, March 6th. Finally, Mizuho decreased their target price on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $638.06.
Insider Buying and Selling
In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer owned 536 shares in the company, valued at approximately $337,390.56. The trade was a 71.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 120,501 shares of company stock worth $79,983,892. Corporate insiders own 2.49% of the company’s stock.
Intuit Stock Down 2.7%
Shares of NASDAQ INTU opened at $446.79 on Thursday. The company has a 50 day simple moving average of $470.83 and a 200 day simple moving average of $595.79. 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 Inc. has a 1 year low of $349.00 and a 1 year high of $813.70. The firm has a market cap of $123.56 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26.
Intuit (NASDAQ:INTU – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.32 EPS. 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, research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.
Intuit Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be given 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 currently 31.09%.
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Management moved to increase share repurchases and halted planned leadership stock sales, supporting near-term buy-side demand and signaling confidence from the company. Intuit steps up share buybacks as leadership halts planned stock sales
- Positive Sentiment: Multiple sell-side reports and media pieces highlight an overall “buy” consensus and at least one recent rating upgrade, which can support demand and limit downside. Wall Street Analysts See Intuit (INTU) as a Buy: Should You Invest?
- Positive Sentiment: Intuit is publicly pushing back on AI-disruption fears, arguing its value is “confidence” in financial outcomes — a defense of pricing power and customer stickiness if convincing to investors. Why Intuit says it is insulated from AI disruption
- Neutral Sentiment: Seasonal TurboTax promotions and consumer deals are active (tax‑season demand driver), helpful for near-term revenue but not a material strategic shift. TurboTax deals: Tax day is almost here!
- Neutral Sentiment: Analyst commentary (Zacks/Yahoo roundups) notes AI fears have pressured software names but also points to Intuit’s long-term upside vs. prior highs — mixed near-term sentiment. Wall Street Analysts See Intuit (INTU) as a Buy: Should You Invest?
- Negative Sentiment: Legislative risk: Senator Warren’s Direct File Act would expand a government-run free tax‑filing option — a structural threat to TurboTax if enacted, and a meaningful long-term risk priced by investors. New Bill: Senator Elizabeth Warren introduces S. 3948: Direct File Act of 2026
- Negative Sentiment: Intuit’s accelerated QuickBooks Desktop sunset is prompting competitors (Xero, migration partners like Xendoo) to court legacy users — raising short-to-medium term churn and migration risk for small-business revenue. Intuit Desktop Exit Tests Customer Loyalty As Rivals Court QuickBooks Users
- Negative Sentiment: Macro/sector headwinds: investors are trimming exposure to software credit and loans amid AI disruption fears, which can amplify volatility and pressure software valuations including Intuit. Analysis-Debt investors offloading exposure to software companies is latest sign of pain
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.
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