Tcfg Wealth Management LLC Purchases Shares of 18,347 Intuit Inc. $INTU

Tcfg Wealth Management LLC acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the 3rd quarter, HoldingsChannel reports. The fund acquired 18,347 shares of the software maker’s stock, valued at approximately $12,529,000. Intuit makes up 1.0% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 21st largest position.

A number of other hedge funds have also made changes to their positions in INTU. NEOS Investment Management LLC raised its stake in shares of Intuit by 63.8% during the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock valued at $82,984,000 after purchasing an additional 47,330 shares during the period. Varma Mutual Pension Insurance Co boosted its stake in shares of Intuit by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock valued at $30,771,000 after purchasing an additional 3,600 shares during the period. Nicholson Wealth Management Group LLC acquired a new stake in Intuit during the 3rd quarter valued at $1,465,000. Crossmark Global Holdings Inc. increased its stake in Intuit by 15.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after buying an additional 6,503 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in Intuit by 50.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after buying an additional 10,661 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

INTU opened at $459.28 on Wednesday. The company has a market capitalization of $127.01 billion, a P/E ratio of 29.75, a PEG ratio of 1.82 and a beta of 1.26. The company has a 50-day moving average of $474.92 and a 200-day moving average of $596.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. Intuit Inc. has a 1-year low of $349.00 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion for 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 quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, April 9th. Intuit’s payout ratio is 31.09%.

Insider Transactions at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director directly owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. This represents a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 120,501 shares of company stock valued at $79,983,892. 2.49% of the stock is currently owned by insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Management actions: Intuit suspended executive automated stock‑sale plans and accelerated its share‑repurchase program, a clear signal management views the shares as undervalued and is returning capital to shareholders. Intuit Halts Insider Sales, Accelerates Share Repurchase Program
• Positive Sentiment: Management tone vs. AI disruption: Intuit publicly pushed back on AI “disruption” narratives, arguing customers buy confidence and regulated outcomes (helping defend TurboTax/QuickBooks pricing and retention). This reduces a key narrative that has weighed on software valuations. Why Intuit says it is insulated from AI disruption
• Neutral Sentiment: Analyst note: BNP Paribas Exane upgraded INTU from underperform to neutral with a $463 target — a modest endorsement but not a strong upward revision of expectations. Intuit (NASDAQ:INTU) Stock Rating Upgraded by BNP Paribas Exane
• Neutral Sentiment: Seasonal demand/marketing: TurboTax promotions and tax‑season deals are in market, supporting near‑term consumer adoption but unlikely to materially change long‑term growth dynamics. TurboTax deals: Tax day is almost here!
• Negative Sentiment: Policy risk: The proposed “Direct File Act of 2026” (Sen. Warren) would create a free government direct‑file option — a structural threat to paid tax‑prep volumes and margins if enacted and broadly adopted. This is a material long‑term regulatory risk for TurboTax. New Bill: Senator Elizabeth Warren introduces S. 3948: Direct File Act of 2026
• Negative Sentiment: Competitive pressure: Xendoo / Xero partnerships and migration tools targeting QuickBooks users highlight growing alternatives for SMB accounting — a risk to QuickBooks desktop migration momentum and pricing power. Q2X, Powered by Xendoo, Selected as Xero’s Preferred Migration Partner as Demand Surges for QuickBooks Alternative
• Negative Sentiment: Sector headwinds: Credit market moves show CLO managers reducing software exposures amid AI fears — broader sentiment and funding stress in software debt can amplify multiples compression even for higher‑quality names. Analysis-Debt investors offloading exposure to software companies is latest sign of pain

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Scotiabank set a $575.00 target price on Intuit in a research report on Friday, March 6th. Oppenheimer cut their price target on Intuit from $696.00 to $558.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Mizuho dropped their price objective on Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $638.06.

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.