Intuit Inc. $INTU Shares Sold by Summit Global Investments

Summit Global Investments lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 58.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,021 shares of the software maker’s stock after selling 1,427 shares during the quarter. Summit Global Investments’ holdings in Intuit were worth $697,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Tortoise Investment Management LLC raised its stake in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after acquiring an additional 27 shares during the period. Westside Investment Management Inc. increased its holdings in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Sagard Holdings Management Inc. purchased a new position in Intuit in the second quarter valued at about $28,000. True Wealth Design LLC raised its position in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares during the period. Finally, LGT Financial Advisors LLC acquired a new position in shares of Intuit during the second quarter worth about $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of INTU stock opened at $498.92 on Friday. The firm has a fifty day moving average of $625.24 and a two-hundred day moving average of $667.99. The firm has a market cap of $138.83 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.05 and a beta of 1.25. Intuit Inc. has a 1-year low of $491.72 and a 1-year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

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

Intuit Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on INTU shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research note on Thursday, January 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $700.00 price objective (down previously from $840.00) on shares of Intuit in a research report on Thursday, January 8th. Truist Financial started coverage on shares of Intuit in a research report on Tuesday, January 6th. They set a “buy” rating and a $739.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Intuit in a research note on Monday, January 12th. They issued a “neutral” rating and a $720.00 target price for the company. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $791.73.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director directly owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer owned 536 shares in the company, valued at approximately $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 388,464 shares of company stock valued at $255,514,393. 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.