Tcfg Wealth Management LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) in the third quarter, Holdings Channel.com reports. The fund bought 18,347 shares of the software maker’s stock, valued at approximately $12,529,000. Intuit makes up about 3.1% of Tcfg Wealth Management LLC’s holdings, making the stock its 4th largest holding.
Several other hedge funds and other institutional investors have also bought and sold shares of INTU. Sagard Holdings Management Inc. acquired a new stake in Intuit during the 2nd quarter worth about $28,000. MTM Investment Management LLC boosted its position in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Total Investment Management Inc. acquired a new stake in Intuit during the second quarter worth approximately $33,000. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit during the third quarter worth approximately $33,000. Finally, Kilter Group LLC bought a new stake in Intuit in the second quarter worth approximately $35,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
Intuit Stock Down 2.7%
Intuit stock opened at $446.79 on Thursday. The firm has a market capitalization of $123.56 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26. The firm’s fifty day moving average price is $470.83 and its two-hundred day moving average price is $595.79. Intuit Inc. has a 1-year low of $349.00 and a 1-year high of $813.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28.
Intuit Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.1%. Intuit’s payout ratio is presently 31.09%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on INTU shares. Daiwa Securities Group cut their price target on Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. TD Cowen reissued a “buy” rating on shares of Intuit in a research note on Monday. BMO Capital Markets reduced their price target on shares of Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Northcoast Research upgraded shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective on the stock in a report on Friday, March 6th. Finally, Mizuho cut their price objective on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $638.06.
Get Our Latest Analysis on INTU
Insider Buying and Selling
In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director owned 13,253 shares in the company, valued at $5,836,621.20. This represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the sale, the chief financial officer owned 536 shares of the company’s stock, valued at approximately $337,390.56. This represents a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 120,501 shares of company stock worth $79,983,892. 2.49% of the stock is owned by corporate insiders.
Intuit News Summary
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Management moved to increase share repurchases and halted planned leadership stock sales, supporting near-term buy-side demand and signaling confidence from the company. Intuit steps up share buybacks as leadership halts planned stock sales
- Positive Sentiment: Multiple sell-side reports and media pieces highlight an overall “buy” consensus and at least one recent rating upgrade, which can support demand and limit downside. Wall Street Analysts See Intuit (INTU) as a Buy: Should You Invest?
- Positive Sentiment: Intuit is publicly pushing back on AI-disruption fears, arguing its value is “confidence” in financial outcomes — a defense of pricing power and customer stickiness if convincing to investors. Why Intuit says it is insulated from AI disruption
- Neutral Sentiment: Seasonal TurboTax promotions and consumer deals are active (tax‑season demand driver), helpful for near-term revenue but not a material strategic shift. TurboTax deals: Tax day is almost here!
- Neutral Sentiment: Analyst commentary (Zacks/Yahoo roundups) notes AI fears have pressured software names but also points to Intuit’s long-term upside vs. prior highs — mixed near-term sentiment. Wall Street Analysts See Intuit (INTU) as a Buy: Should You Invest?
- Negative Sentiment: Legislative risk: Senator Warren’s Direct File Act would expand a government-run free tax‑filing option — a structural threat to TurboTax if enacted, and a meaningful long-term risk priced by investors. New Bill: Senator Elizabeth Warren introduces S. 3948: Direct File Act of 2026
- Negative Sentiment: Intuit’s accelerated QuickBooks Desktop sunset is prompting competitors (Xero, migration partners like Xendoo) to court legacy users — raising short-to-medium term churn and migration risk for small-business revenue. Intuit Desktop Exit Tests Customer Loyalty As Rivals Court QuickBooks Users
- Negative Sentiment: Macro/sector headwinds: investors are trimming exposure to software credit and loans amid AI disruption fears, which can amplify volatility and pressure software valuations including Intuit. Analysis-Debt investors offloading exposure to software companies is latest sign of pain
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.
See Also
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