Intuit Inc. $INTU Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,379 shares of the software maker’s stock after selling 1,984 shares during the quarter. DAVENPORT & Co LLC’s holdings in Intuit were worth $11,869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INTU. Norges Bank acquired a new position in Intuit during the 2nd quarter valued at about $3,268,830,000. Nicholas Hoffman & Company LLC. bought a new position in Intuit in the 1st quarter worth approximately $785,564,000. Winslow Capital Management LLC acquired a new stake in Intuit in the 2nd quarter valued at approximately $782,677,000. Invesco Ltd. raised its stake in Intuit by 13.2% during the 2nd quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock valued at $2,745,492,000 after acquiring an additional 407,078 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Intuit by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after acquiring an additional 377,657 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is being highlighted for accelerating AI initiatives that could expand product capability across QuickBooks, TurboTax and customer-facing workflows — a growth thesis that supports higher multiple expansion and recurring-revenue upside. Intuit bets big on AI, and other tech stories you may have missed
• Positive Sentiment: QuickBooks (Intuit) received an external product accolade as the Best Payroll Solution for UK small businesses — a credibility boost for international SMB penetration and cross-sell potential. Best Payroll Software UK (Jan 2026): QuickBooks Named Best Payroll Solution for UK Small Businesses by Better Business Advice
• Positive Sentiment: Reports of a partnership between Intuit and Circle on stablecoin rails (digital payments rails) could signal new payments/settlement capabilities that expand product stickiness and lower payment friction for customers — a potential long-term revenue/TPV opportunity. Intuit Partners with Circle: The Future of Stablecoins as Digital Dollar Rails
• Positive Sentiment: Analyst and media pieces (Zacks and others) revisiting Wall Street’s bullish stance on Intuit help maintain investor confidence and can support continued demand for shares. Positive analyst coverage often underpins near-term price strength. Is It Worth Investing in Intuit (INTU) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: General marketing/merchant guidance articles (email+SMS integration) surface best practices that may indirectly benefit Intuit’s merchant-facing products but are not company-specific catalysts. How to integrate email and SMS for maximum engagement
• Neutral Sentiment: Short-interest data published for December is effectively zero/invalid in the release (0 shares, NaN change, 0 days-to-cover), so it provides no actionable signal about bearish pressure or potential squeeze. (Internal data entry)
• Negative Sentiment: Parnassus Core Equity Fund disclosed selling INTU after gains — fund selling can create supply headwinds in the near term, especially if other institutions follow suit, although such reallocations are common after price appreciation. Parnassus Core Equity Fund Sold Intuit (INTU) After Share Price Appreciation

Intuit Stock Up 0.0%

Shares of NASDAQ:INTU opened at $674.41 on Thursday. The firm has a 50 day simple moving average of $659.16 and a 200 day simple moving average of $699.68. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $187.67 billion, a PE ratio of 46.10, a price-to-earnings-growth ratio of 2.76 and a beta of 1.27.

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 for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be issued a $1.20 dividend. The ex-dividend date is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s dividend payout ratio is currently 32.81%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on INTU shares. Independent Research set a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. Evercore ISI reaffirmed an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 target price on shares of Intuit in a report on Friday, November 21st. Finally, BMO Capital Markets cut their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average target price of $796.60.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This represents a 47.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott D. Cook sold 75,000 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $658.84, for a total value of $49,413,000.00. Following the transaction, the director owned 5,893,679 shares in the company, valued at approximately $3,882,991,472.36. This trade represents a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 270,897 shares of company stock valued at $177,368,310 over the last three months. 2.49% of the stock is currently owned by insiders.

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.