Intuit Inc. $INTU Shares Acquired by Close Asset Management Ltd

Close Asset Management Ltd increased its position in Intuit Inc. (NASDAQ:INTU) by 456.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 36,877 shares of the software maker’s stock after purchasing an additional 30,254 shares during the period. Close Asset Management Ltd’s holdings in Intuit were worth $25,178,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in INTU. Telos Capital Management Inc. lifted its stake in Intuit by 2.6% in the second quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock valued at $461,000 after buying an additional 15 shares during the last quarter. Mcrae Capital Management Inc. grew its position in shares of Intuit by 0.7% during the second quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock worth $1,723,000 after acquiring an additional 15 shares during the last quarter. Fort Sheridan Advisors LLC increased its holdings in shares of Intuit by 2.1% in the 2nd quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock valued at $569,000 after acquiring an additional 15 shares during the period. BetterWealth LLC increased its holdings in shares of Intuit by 3.8% in the 3rd quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock valued at $281,000 after acquiring an additional 15 shares during the period. Finally, Sachetta LLC raised its position in Intuit by 23.8% in the 3rd quarter. Sachetta LLC now owns 78 shares of the software maker’s stock valued at $53,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 beats — Intuit reported fiscal Q2 results that beat consensus on both EPS and revenue, showing solid revenue growth and margin expansion. Zacks: Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Strong FY EPS guidance — Intuit raised FY2026 EPS guidance (22.98–23.18), above consensus, signaling confidence in longer‑term earnings power even as revenue guidance was roughly in line. Company Press Release
• Positive Sentiment: Anthropic partnership — Intuit announced a multi‑year deal with Anthropic to bring customizable AI agents into its platform, reinforcing its product roadmap for AI-enabled offerings and helping allay fears that AI will commoditize its core businesses. The Information: Intuit Partners With Anthropic
• Neutral Sentiment: Market narrative and analyst views — Thought pieces argue Intuit sits among AI‑resilient software winners, but analysts remain mixed; some price‑target cuts and cautious reports leave near‑term sentiment fragile. MarketBeat: AI Separating Winners From Losers
• Negative Sentiment: Softer Q3 outlook and higher tax‑season marketing spend — Management warned of increased marketing costs during peak tax season and issued a Q3 guide that disappointed some investors, which was the main catalyst for the post‑earnings pullback. Proactive Investors: Soft Guidance Disappoints
• Negative Sentiment: Short interest and analyst pressure — Short interest rose meaningfully in February and several outlets published more pessimistic forecasts or lowered targets, adding selling pressure and raising the potential for continued volatility. American Banking News: Pessimistic Forecasts
• Positive Sentiment: Dividend and capital returns — The board approved a cash dividend, signaling confidence in cash flow and supporting shareholder returns amid the shakeout. TipRanks: Board Declares Cash Dividend

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. TD Cowen lowered their price objective on shares of Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. Weiss Ratings cut Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 5th. BNP Paribas Exane lowered their target price on Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a research note on Monday. Finally, Independent Research set a $875.00 target price on Intuit in a report on Tuesday, November 18th. Twenty-two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $726.18.

Insider Activity at Intuit

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

Intuit Stock Performance

NASDAQ INTU opened at $394.42 on Friday. The stock has a market capitalization of $109.76 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.56 and a beta of 1.24. The business’s 50 day moving average is $531.35 and its two-hundred day moving average is $620.12. Intuit Inc. has a 12-month low of $349.00 and a 12-month high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the business earned $3.32 earnings per share. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

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.