M&T Bank Corp Sells 6,364 Shares of Intuit Inc. $INTU

M&T Bank Corp decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 12.3% in the third quarter, HoldingsChannel reports. The firm owned 45,248 shares of the software maker’s stock after selling 6,364 shares during the quarter. M&T Bank Corp’s holdings in Intuit were worth $30,900,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Fort Sheridan Advisors LLC boosted its holdings in Intuit by 2.1% in the second quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock valued at $569,000 after purchasing an additional 15 shares in the last quarter. BetterWealth LLC raised its holdings in Intuit by 3.8% during the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock worth $281,000 after purchasing an additional 15 shares in the last quarter. Sachetta LLC raised its holdings in Intuit by 23.8% during the third quarter. Sachetta LLC now owns 78 shares of the software maker’s stock worth $53,000 after purchasing an additional 15 shares in the last quarter. Clearstead Trust LLC lifted its position in shares of Intuit by 1.9% during the 2nd quarter. Clearstead Trust LLC now owns 862 shares of the software maker’s stock worth $679,000 after buying an additional 16 shares during the last quarter. Finally, Vance Wealth LLC boosted its holdings in shares of Intuit by 1.5% in the 2nd quarter. Vance Wealth LLC now owns 1,116 shares of the software maker’s stock valued at $879,000 after buying an additional 16 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Multi‑year partnership with Anthropic to build AI financial agents strengthens Intuit’s AI product roadmap and long‑term revenue opportunity, supporting buy‑side interest. Read More.
• Positive Sentiment: Rothschild & Co Redburn upgraded Intuit, providing fresh analyst support that can anchor the stock amid recent weakness. Read More.
• Neutral Sentiment: Company announced a quarterly dividend (ex‑dividend April 9), a steady capital‑return sign but modest yield—likely a neutral to mild positive for income‑focused investors. Read More.
• Neutral Sentiment: Analyses and valuation pieces note a multi‑month share selloff and re‑rating debate—keeps the stock in focus but produces mixed signals for timing. Read More.
• Negative Sentiment: Management’s Q3 profit guidance came in below Wall Street estimates after the Feb. 26 earnings release; that guidance miss triggered a post‑earnings pullback and remains a key near‑term risk. Read More.
• Negative Sentiment: Director Richard L. Dalzell sold 333 shares (~$440 avg) recently, reducing his stake modestly; while small in size, insider sales can be read negatively in a down tape. Read More.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INTU shares. Royal Bank Of Canada dropped their target price on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Oppenheimer decreased their price objective on shares of Intuit from $696.00 to $558.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Wolfe Research set a $550.00 price objective on Intuit and gave the stock an “outperform” rating in a report on Thursday. Argus cut their target price on Intuit from $780.00 to $580.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Finally, Weiss Ratings downgraded Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $634.26.

Intuit Stock Performance

NASDAQ:INTU opened at $439.96 on Friday. The firm’s fifty day moving average price is $482.31 and its 200 day moving average price is $600.67. Intuit Inc. has a 1-year low of $349.00 and a 1-year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $121.67 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 1.75 and a beta of 1.26.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data 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 company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the firm earned $3.32 EPS. Intuit’s quarterly revenue 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. On average, sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s dividend payout ratio is currently 31.09%.

Insider Activity

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,501 shares of company stock worth $79,983,892 in the last three months. 2.49% of the stock is currently owned by company insiders.

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.