Chevy Chase Trust Holdings LLC Sells 5,306 Shares of Intuit Inc. $INTU

Chevy Chase Trust Holdings LLC trimmed its position in shares of Intuit Inc. (NASDAQ:INTU) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,522 shares of the software maker’s stock after selling 5,306 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Intuit worth $97,330,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Tortoise Investment Management LLC grew its position in Intuit by 540.0% during the second 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 last quarter. Sagard Holdings Management Inc. bought a new stake in shares of Intuit in the 2nd quarter worth approximately $28,000. MTM Investment Management LLC lifted its holdings in shares of Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after acquiring an additional 27 shares during the last quarter. Total Investment Management Inc. purchased a new stake in shares of Intuit in the 2nd quarter valued at $33,000. Finally, Kilter Group LLC purchased a new stake in shares of Intuit in the 2nd quarter valued at $35,000. Institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on INTU shares. Citigroup decreased their target price on shares of Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. 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 price target for the company. Evercore reaffirmed an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Jefferies Financial Group set a $650.00 price objective on Intuit in a report on Sunday, February 22nd. Finally, Scotiabank set a $575.00 target price on Intuit in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $634.26.

Intuit News Summary

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.

Insider Activity

In other Intuit news, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the transaction, the director directly owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction that occurred on 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 owned 13,611 shares in the company, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 120,501 shares of company stock valued at $79,983,892 in the last quarter. 2.49% of the stock is owned by company insiders.

Intuit Price Performance

Shares of INTU stock opened at $439.96 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average is $482.31 and its 200 day moving average is $600.26. The stock has a market cap of $121.67 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.77 and a beta of 1.26. Intuit Inc. has a twelve month low of $349.00 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $4.53 billion. During the same period last year, the company posted $3.32 EPS. Intuit’s 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. Research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

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

Intuit 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.