Summit Global Investments Trims Stock Position in Intuit Inc. $INTU

Summit Global Investments reduced its position in Intuit Inc. (NASDAQ:INTU) by 58.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,021 shares of the software maker’s stock after selling 1,427 shares during the period. Summit Global Investments’ holdings in Intuit were worth $697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC increased its position in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after acquiring an additional 1,350 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after buying an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit during the 1st quarter worth $785,564,000. Sivia Capital Partners LLC grew its position in Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after buying an additional 166 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Intuit by 20.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock worth $751,000 after acquiring an additional 163 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Truist Financial started coverage on shares of Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $700.00 price target (down from $840.00) on shares of Intuit in a research report on Thursday, January 8th. UBS Group set a $739.00 price objective on shares of Intuit in a research note on Tuesday, January 6th. The Goldman Sachs Group began coverage on Intuit in a research note on Monday, January 12th. They issued a “neutral” rating and a $720.00 target price on the stock. Finally, Independent Research set a $875.00 price target on Intuit in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $791.73.

Intuit Trading Down 0.8%

Shares of INTU opened at $498.92 on Friday. Intuit Inc. has a fifty-two week low of $491.72 and a fifty-two week high of $813.70. The company has a market capitalization of $138.83 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.25. The stock has a fifty day moving average of $625.24 and a two-hundred day moving average of $667.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm posted $2.50 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio is presently 32.81%.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Mizuho reiterated an Outperform rating and an $875 price target, calling AI-related tax‑filing worries overblown and defending Intuit’s moat — a bullish analyst anchor that can support a recovery. Mizuho Calls AI Tax Filing Worries Overblown for Intuit (INTU)
• Positive Sentiment: Intuit expanded its AI tax and hiring capabilities — adding TurboTax Stores and integrations with Checkr — which highlights product-led revenue levers and cross‑sell opportunities across TurboTax, QuickBooks and Credit Karma. Intuit Expands AI Tax And Hiring Platform With TurboTax Stores And Checkr
• Neutral Sentiment: Management scheduled Q2 FY2026 results for Feb. 26 (quarter ended Jan. 31); upcoming results and guidance will be the next major catalyst. Intuit to Announce Second-Quarter Fiscal Year 2026 Results on Feb. 26
• Neutral Sentiment: Intuit posted a shareholder/analyst call slideshow that may provide extra detail ahead of earnings; useful for parsing near‑term revenue mix and margin assumptions. Intuit Inc. (INTU) Shareholder/Analyst Call – Slideshow
• Negative Sentiment: A market commentary pointed out Intuit is down ~24% so far in 2026, noting the company still guides to double‑digit fiscal‑2026 growth but at a slower pace than last year — a growth‑multiple compression driver. Intuit Stock Is Down 24% Already In 2026. Time to Buy?
• Negative Sentiment: Shares hit a 52‑week low amid the selloff, reflecting elevated investor concern and lower near‑term sentiment — increases downside risk if next quarter’s results or guide miss expectations. Intuit stock hits 52-week low at 510.0 USD
• Negative Sentiment: Media coverage noted INTU dipping more than the broader market, amplifying momentum selling and short‑term technical pressure. Intuit (INTU) dips more than broader market: What you should know

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the transaction, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 388,464 shares of company stock valued at $255,514,393 over the last three months. 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.