Allworth Financial LP Trims Holdings in Intuit Inc. $INTU

Allworth Financial LP trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 20.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,519 shares of the software maker’s stock after selling 1,149 shares during the period. Allworth Financial LP’s holdings in Intuit were worth $3,086,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Intuit in the 2nd quarter worth approximately $3,268,830,000. Alliancebernstein L.P. grew its stake in shares of Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after acquiring an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit in the first quarter worth $785,564,000. Winslow Capital Management LLC bought a new position in shares of Intuit during the second quarter valued at $782,677,000. Finally, Vanguard Group Inc. raised its position in shares of Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after purchasing an additional 914,024 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Transactions at Intuit

In other Intuit news, Director Scott D. Cook sold 1,402 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the transaction, the director directly owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. The trade was a 75.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 119,403 shares of company stock worth $79,242,742 in the last three months. 2.49% of the stock is owned by insiders.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: U.S. appeals court tossed an FTC order that had barred Intuit from advertising TurboTax as “free” for simple returns — a material legal win that curtails a major regulatory overhang and potential compliance costs. US appeals court tosses FTC order against Intuit over TurboTax advertising
• Positive Sentiment: Morgan Stanley named Intuit a Top Pick and highlighted fiscal Q3 as a potential catalyst tied to tax-season visibility and growth — analyst endorsements can drive demand and support multiple expansion. Intuit stock rises after Morgan Stanley Top Pick designation
• Positive Sentiment: Ongoing buy-side and sell-side coverage is constructive — several outlets flag INTU as a buy/sales-growth name, reinforcing investor confidence ahead of tax-season results. Wall Street Analysts See Intuit (INTU) as a Buy: Should You Invest?
• Positive Sentiment: Underlying fundamentals remain supportive: Intuit beat last quarter’s EPS and revenue (EPS $4.15 vs. $3.68 est.; revenue $4.65B vs. $4.53B) and provided FY/Q3 guidance — these results and guidance underpin the bullish analyst narratives.
• Neutral Sentiment: CEO Sasan Goodarzi gave interviews addressing canceled insider stock sales; management commentary aims to reassure investors but the coverage is informational rather than a direct catalyst. Watch CNBC’s full interview with Intuit CEO Sasan Goodarzi
• Negative Sentiment: Technical/valuation caveats: the stock is trading below its 50‑day moving average and well off its 12‑month high, and the 50‑day (≈$466.88) vs. 200‑day (≈$594.81) spread highlights recent downward momentum — these factors could limit near-term upside despite positive news.

Wall Street Analysts Forecast Growth

Several analysts recently commented on INTU shares. Jefferies Financial Group set a $650.00 price objective on shares of Intuit in a research report on Sunday, February 22nd. Stifel Nicolaus decreased their target price on shares of Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. Rothschild & Co Redburn upgraded shares of Intuit from a “neutral” rating to a “buy” rating and upped their target price for the stock from $670.00 to $700.00 in a research note on Tuesday, March 10th. Oppenheimer cut their price target on shares of Intuit from $696.00 to $558.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, Wells Fargo & Company reduced their price target on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $638.06.

Intuit Price Performance

INTU opened at $455.78 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $126.05 billion, a P/E ratio of 29.52, a P/E/G ratio of 1.83 and a beta of 1.26. The company’s 50-day simple moving average is $463.06 and its two-hundred day simple moving average is $592.86. Intuit Inc. has a 52-week low of $349.00 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business posted $3.32 earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be issued a $1.20 dividend. 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%.

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.