Wedbush Securities Inc. Raises Position in Intuit Inc. $INTU

Wedbush Securities Inc. increased its stake in Intuit Inc. (NASDAQ:INTU) by 63.9% in the third quarter, Holdings Channel reports. The institutional investor owned 3,342 shares of the software maker’s stock after acquiring an additional 1,303 shares during the period. Wedbush Securities Inc.’s holdings in Intuit were worth $2,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Intuit during the 2nd quarter worth about $3,268,830,000. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit during the first quarter valued at approximately $785,564,000. Winslow Capital Management LLC purchased a new position in shares of Intuit during the second quarter valued at approximately $782,677,000. Swedbank AB grew its stake in shares of Intuit by 575.4% during the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock valued at $602,023,000 after buying an additional 751,027 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Intuit by 520.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 558,499 shares of the software maker’s stock worth $381,405,000 after buying an additional 468,547 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

Shares of INTU opened at $397.96 on Friday. The company has a 50 day moving average of $587.85 and a two-hundred day moving average of $647.86. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a twelve month low of $391.15 and a twelve month high of $813.70. The company has a market cap of $110.74 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, analysts predict 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 was paid on Friday, January 16th. Investors of record on Friday, January 9th were given a dividend of $1.20 per share. The ex-dividend date was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. Intuit’s payout ratio is currently 32.81%.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit rolled out an AI‑native, purpose‑built Construction Edition for its Intuit Enterprise Suite aimed at mid‑market construction firms — expands addressable market, strengthens ERP/AI cross‑sell opportunities and supports recurring revenue growth. Business Wire: Intuit Launches New AI-Powered Construction Edition
• Neutral Sentiment: BMO Capital kept an Outperform rating but cut its price target (from $810 to $624) — signals confidence in Intuit’s long‑run positioning while lowering near‑term valuation expectations. Yahoo/Fund: BMO Maintains Outperform on Intuit
• Negative Sentiment: Analyst downgrades and continued weak sentiment pushed Intuit to a fresh 52‑week low, intensifying selling pressure and contributing to the stock decline. American Banking News: Intuit Reaches New 52-Week Low Following Analyst Downgrade Investing.com: Intuit stock hits 52-week low
• Negative Sentiment: Unusual options activity: traders bought roughly 184,364 put contracts in a single session (≈1,597% above typical put volume) — signals elevated hedging or directional bearish bets that can amplify downside volatility.
• Negative Sentiment: Legal/HR risk: an employee filed a suit alleging a manager labeled her a “DEI hire,” creating potential reputational and personnel distractions. HCAMag: Employee sues Intuit alleging manager branded her a ‘DEI hire’

Analyst Ratings Changes

A number of research firms have weighed in on INTU. Wolfe Research reduced their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Weiss Ratings lowered shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. BMO Capital Markets dropped their target price on shares of Intuit from $810.00 to $624.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, KeyCorp reduced their target price on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Twenty-two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $772.42.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were 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 $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 388,464 shares of company stock valued at $255,514,393 in the last three months. Company insiders own 2.49% of the company’s stock.

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.