Granite Investment Partners LLC Grows Stock Holdings in Intuit Inc. $INTU

Granite Investment Partners LLC raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 48.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,143 shares of the software maker’s stock after purchasing an additional 4,636 shares during the quarter. Granite Investment Partners LLC’s holdings in Intuit were worth $9,658,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after acquiring an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares during the period. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the 1st quarter worth approximately $785,564,000. Sivia Capital Partners LLC increased its position in shares of Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after purchasing an additional 166 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in Intuit by 20.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock valued at $751,000 after buying an additional 163 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Intuit Price Performance

Intuit stock opened at $380.55 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $105.90 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The firm has a 50-day moving average of $554.54 and a two-hundred day moving average of $628.97. Intuit Inc. has a 1 year low of $375.40 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 earnings per share. On average, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Launched a consumer-facing TurboTax/Uber push — Intuit rolled out a campaign with Uber Advertising to connect taxpayers with in-person help and introduced a “done-for-you” TurboTax experience that pairs AI and human experts, which should help user acquisition and engagement for tax season. Intuit Inc. (INTU) Launched a New Campaign with Uber Advertising
• Positive Sentiment: Product expansion into construction via AI-driven ERP — Intuit launched a Construction Edition for its Enterprise Suite aimed at the $2T construction market, signaling meaningful TAM expansion and enterprise monetization potential. Intuit Targets $2 Trillion Construction Market With New AI Suite
• Positive Sentiment: Street support from a major analyst — Morgan Stanley’s Keith Weiss reiterated a Buy and kept an $880 price target, reinforcing a bullish long-term thesis around Intuit’s tax moat and policy/AI tailwinds. Intuit (INTU): Durable Tax Moat, Mispriced AI Risk…
• Positive Sentiment: Opinion pieces pushing back on AI panic — Commentary arguing that AI fears have been overblown may limit further downside as investors reassess long-term revenue resilience. Intuit’s $100B Panic: Premature AI Death Call
• Neutral Sentiment: Sector context — A rally in some beaten-down software names after encouraging AI commentary (e.g., RingCentral, Five9) provides an industry tailwind that could help sentiment for INTU. Beaten-down software stocks RingCentral and Five9 rally…
• Neutral Sentiment: Earnings calendar focus — Intuit is slated to report next week; previews and scheduled reports keep the name in flux as traders position into the print. Intuit (INTU) Projected to Post Earnings on Thursday
• Neutral Sentiment: Recent price action noted by market commentary — coverage pointing to short-term gains in prior sessions; useful context but not a driver by itself. Intuit (INTU) Laps the Stock Market: Here’s Why
• Negative Sentiment: Earnings-beat skepticism — One preview noted Intuit may lack the ideal setup to deliver an earnings beat next week, which can fuel short-term selling if results or guidance disappoint. Intuit (INTU) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Reported rise in short-interest (data appeared inconsistent) — Notes of increased short interest can amplify volatility; even if the published figures were noisy, perception of growing bearish bets can pressure the stock.

Insider Transactions at Intuit

In related news, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares in the company, valued at $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, 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. Over the last 90 days, insiders have sold 388,464 shares of company stock valued at $255,514,393. Company insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on INTU shares. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Jefferies Financial Group set a $650.00 price target on shares of Intuit in a report on Sunday. Oppenheimer reduced their price objective on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. Mizuho set a $675.00 target price on Intuit in a research report on Thursday. Finally, Independent Research set a $875.00 target price on Intuit in a research note on Tuesday, November 18th. Twenty-two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus target price of $761.27.

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.