Tcfg Wealth Management LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,347 shares of the software maker’s stock, valued at approximately $12,529,000. Intuit comprises 1.0% of Tcfg Wealth Management LLC’s portfolio, making the stock its 21st largest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. Sagard Holdings Management Inc. purchased a new position in Intuit during the second quarter worth $28,000. Total Investment Management Inc. purchased a new stake in shares of Intuit in the second quarter valued at $33,000. Kilter Group LLC acquired a new stake in shares of Intuit during the second quarter valued at $35,000. MTM Investment Management LLC boosted its stake in shares of Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Intuit during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.
Intuit Stock Up 1.5%
INTU opened at $459.28 on Wednesday. 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 stock has a market capitalization of $127.01 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 1.82 and a beta of 1.26. The business has a 50-day moving average of $474.92 and a two-hundred day moving average of $596.84. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70.
Intuit Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be 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 is Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is 31.09%.
Insider Activity at Intuit
In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer owned 536 shares of the company’s stock, valued at approximately $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 120,501 shares of company stock valued at $79,983,892 over the last quarter. 2.49% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts recently weighed in on INTU shares. Guggenheim set a $633.00 target price on shares of Intuit in a research note on Monday. Daiwa Securities Group lowered their price target on shares of Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a report on Thursday, March 5th. JPMorgan Chase & Co. cut their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Wells Fargo & Company reduced their price objective on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. Finally, The Goldman Sachs Group decreased their target price on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. One investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $638.06.
Read Our Latest Research Report on Intuit
More Intuit News
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Management actions: Intuit suspended executive automated stock‑sale plans and accelerated its share‑repurchase program, a clear signal management views the shares as undervalued and is returning capital to shareholders. Intuit Halts Insider Sales, Accelerates Share Repurchase Program
- Positive Sentiment: Management tone vs. AI disruption: Intuit publicly pushed back on AI “disruption” narratives, arguing customers buy confidence and regulated outcomes (helping defend TurboTax/QuickBooks pricing and retention). This reduces a key narrative that has weighed on software valuations. Why Intuit says it is insulated from AI disruption
- Neutral Sentiment: Analyst note: BNP Paribas Exane upgraded INTU from underperform to neutral with a $463 target — a modest endorsement but not a strong upward revision of expectations. Intuit (NASDAQ:INTU) Stock Rating Upgraded by BNP Paribas Exane
- Neutral Sentiment: Seasonal demand/marketing: TurboTax promotions and tax‑season deals are in market, supporting near‑term consumer adoption but unlikely to materially change long‑term growth dynamics. TurboTax deals: Tax day is almost here!
- Negative Sentiment: Policy risk: The proposed “Direct File Act of 2026” (Sen. Warren) would create a free government direct‑file option — a structural threat to paid tax‑prep volumes and margins if enacted and broadly adopted. This is a material long‑term regulatory risk for TurboTax. New Bill: Senator Elizabeth Warren introduces S. 3948: Direct File Act of 2026
- Negative Sentiment: Competitive pressure: Xendoo / Xero partnerships and migration tools targeting QuickBooks users highlight growing alternatives for SMB accounting — a risk to QuickBooks desktop migration momentum and pricing power. Q2X, Powered by Xendoo, Selected as Xero’s Preferred Migration Partner as Demand Surges for QuickBooks Alternative
- Negative Sentiment: Sector headwinds: Credit market moves show CLO managers reducing software exposures amid AI fears — broader sentiment and funding stress in software debt can amplify multiples compression even for higher‑quality names. Analysis-Debt investors offloading exposure to software companies is latest sign of pain
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.
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