Intuit Inc. $INTU Stock Position Reduced by ING Groep NV

ING Groep NV trimmed its position in Intuit Inc. (NASDAQ:INTU) by 56.5% in the third quarter, Holdings Channel.com reports. The fund owned 55,702 shares of the software maker’s stock after selling 72,366 shares during the period. ING Groep NV’s holdings in Intuit were worth $38,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC increased its stake in Intuit by 540.0% during 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 last quarter. Westside Investment Management Inc. boosted its holdings in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares during the period. Sagard Holdings Management Inc. acquired a new position in shares of Intuit in the 2nd quarter valued at about $28,000. True Wealth Design LLC grew its position in shares of Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after buying an additional 27 shares during the last quarter. Finally, LGT Financial Advisors LLC acquired a new stake in Intuit during the second quarter worth about $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: CNBC personality and market influencer Jim Cramer publicly said he would buy Intuit “right here, right now,” which can attract retail buying and short‑term demand. Jim Cramer on Intuit: “I’d Be a Buyer Right Here, Right Now”
• Positive Sentiment: Strategists at major banks say recent software weakness from AI disruption fears creates a buying opportunity for high‑quality names—an argument that supports a rebound thesis for Intuit given its recurring revenue and market position. AI disruption fears create buying chance in US software stocks, strategists say
• Positive Sentiment: Analyst and commentary pieces (Seeking Alpha) are framing the large pullback as an attractive entry after an AI‑driven selloff, arguing Intuit’s fundamentals and regulated footprint make it resilient—this can support medium‑term investor interest. Intuit: Finally Attractive After AI-Driven 50% Selloff (Rating Upgrade)
• Positive Sentiment: Product development: Mailchimp enhancements and expanded SMS/automation rolls out to many international markets, supporting cross‑sell and revenue growth in Intuit’s commerce/marketing businesses. Product news helps the growth narrative. Intuit Mailchimp unlocks a new era of profitable ecommerce marketing
• Neutral Sentiment: Market breadth: The Nasdaq rebound and improved Fear & Greed index indicate broader sentiment may stabilize, which could help software names if the rally continues. Nasdaq Jumps Over 200 Points As Software Stocks Rebound
• Neutral Sentiment: Short interest data reported appears anomalous (shows 0 shares / NaN change and 0 days‑to‑cover); no clear sign of elevated short pressure from the available report. (Treat the metric as unreliable until clarified.)
• Negative Sentiment: Analyst price‑target cuts from BMO (810 → 624) and TD Cowen (802 → 658) reduced upside expectations despite both keeping buy/outperform stances; downward revisions signal lower near‑term model assumptions and weigh on sentiment. INTU price target lowered at BMO Capital TD Cowen adjusts price target on Intuit
• Negative Sentiment: Short‑term price action: commentary notes Intuit fell more than the broader market on the latest down day, reflecting concentrated selling pressure and sector rotation away from expensive software names. Intuit (INTU) Suffers a Larger Drop Than the General Market

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’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 completion of the sale, the director directly owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the stock in a transaction 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 transaction, the director directly owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 recently commented on INTU. Oppenheimer lowered their target price on Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. UBS Group set a $739.00 target price on Intuit in a research report on Tuesday, January 6th. Daiwa Securities Group raised their target price on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, TD Cowen lowered their price target on shares of Intuit from $802.00 to $658.00 and set a “buy” rating for the company in a research report on Monday. Twenty-two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $772.42.

Intuit Trading Down 3.7%

Shares of INTU stock opened at $421.39 on Wednesday. Intuit Inc. has a 1 year low of $411.11 and a 1 year high of $813.70. The firm has a market capitalization of $117.26 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. The stock has a fifty day moving average of $598.12 and a two-hundred day moving average of $651.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39.

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

Intuit Dividend Announcement

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 1.1%. 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.