Polar Asset Management Partners Inc. Acquires Shares of 10,296 Intuit Inc. $INTU

Polar Asset Management Partners Inc. bought a new position in Intuit Inc. (NASDAQ:INTU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,296 shares of the software maker’s stock, valued at approximately $7,031,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised 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 acquiring an additional 914,024 shares in the last quarter. State Street Corp boosted 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 in the last quarter. Norges Bank bought a new stake in shares of Intuit in the 2nd quarter worth about $3,268,830,000. Invesco Ltd. raised its position in Intuit by 7.8% in the 3rd 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 last quarter. Finally, Northern Trust Corp raised its position in Intuit by 4.8% in the 3rd quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker’s stock valued at $2,356,040,000 after purchasing an additional 158,843 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Management halted planned insider stock sales and increased buybacks, reducing near-term share supply and signaling confidence from leadership. Intuit leaders cancel stock sales Intuit steps up share buybacks
• Positive Sentiment: Broker support: BNP Paribas Exane upgraded Intuit and Wall Street analysts remain generally constructive, which can help sentiment and buying interest. Intuit Stock Rating Upgraded by BNP Paribas Exane Wall Street Analysts See Intuit (INTU) as a Buy
• Neutral Sentiment: Seasonal promotions for TurboTax (tax-season deals) may help near-term consumer demand but are unlikely to change the longer-term revenue trajectory materially. TurboTax deals: Tax day is almost here!
• Neutral Sentiment: Company messaging: Intuit is publicly pushing back against AI disruption narratives—arguing customers “buy confidence” rather than software—an attempt to calm investors but not an immediate earnings catalyst. Why Intuit says it is insulated from AI disruption
• Negative Sentiment: QuickBooks Desktop sunset is accelerating and rivals (notably Xero via Xendoo/Q2X) are actively targeting migrations; this raises retention and market-share risk for Intuit’s small-business franchise. Intuit Desktop Exit Tests Customer Loyalty
• Negative Sentiment: Policy risk: Senator Warren’s Direct File Act would create a free government-run tax filing option, a longer-term structural threat to TurboTax revenue if enacted and adopted. This is a headline risk investors are watching. Direct File Act of 2026 (QuiverQuant)
• Negative Sentiment: Sector/credit pressure and AI fears: software names have been under pressure from AI disruption concerns and debt-market de-risking, which is spilling over to Intuit despite its earnings strength—investors are repricing growth and risk across the group. Analysis: Debt investors offloading exposure to software

Intuit Stock Performance

Shares of Intuit stock opened at $446.79 on Thursday. The firm has a fifty day moving average of $470.83 and a two-hundred day moving average of $595.79. 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 stock has a market capitalization of $123.56 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 1.85 and a beta of 1.26. Intuit Inc. has a 52 week low of $349.00 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $4.53 billion. During the same period last year, the company earned $3.32 EPS. The firm’s 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. As a group, equities research analysts predict 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. Stockholders 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 dividend yield of 1.1%. The ex-dividend date is Thursday, April 9th. Intuit’s payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Oppenheimer decreased their target price on Intuit from $696.00 to $558.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Daiwa Securities Group reduced their price target on shares of Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. KeyCorp lowered their price objective on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. JPMorgan Chase & Co. dropped their target price on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Northcoast Research upgraded shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 target price on the stock in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus target price of $638.06.

Insider Buying and Selling

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction that occurred on 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 directly owned 13,611 shares in the company, valued at $8,848,511.10. This trade represents a 75.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction that occurred 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 transaction, the director directly owned 5,668,182 shares in the company, valued at $3,786,458,939.64. The trade was a 0.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 120,501 shares of company stock valued at $79,983,892. Insiders own 2.49% of the company’s stock.

Intuit Company 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.