Centiva Capital LP Acquires New Holdings in Intuit Inc. $INTU

Centiva Capital LP bought a new position in shares of Intuit Inc. (NASDAQ:INTU) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,466 shares of the software maker’s stock, valued at approximately $1,684,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after acquiring an additional 914,024 shares during the last quarter. State Street Corp grew its stake in shares of Intuit by 1.0% in the second quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock worth $10,022,059,000 after purchasing an additional 125,990 shares during the last quarter. Norges Bank bought a new stake in shares of Intuit in the second quarter worth $3,268,830,000. Invesco Ltd. increased its holdings in Intuit by 7.8% in the third quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock valued at $2,565,810,000 after purchasing an additional 271,407 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Stock Performance

Shares of INTU opened at $439.96 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $121.67 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.26. The firm’s fifty day simple moving average is $482.31 and its two-hundred day simple moving average is $600.26. Intuit Inc. has a 12 month low of $349.00 and a 12 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 for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the business posted $3.32 EPS. The business’s revenue was up 17.4% compared to the same quarter last year. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.1%. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

Analyst Ratings Changes

Several brokerages have commented on INTU. BNP Paribas Exane cut their target price on Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a report on Monday, February 23rd. TD Cowen decreased their price target on Intuit from $658.00 to $633.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. KeyCorp lowered their price objective on Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Weiss Ratings lowered Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. Finally, Northcoast Research upgraded Intuit from a “neutral” rating to a “buy” rating and set a $575.00 target price on the stock in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $634.26.

Key Intuit News

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.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. This represents a 71.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 1,402 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the sale, 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 120,501 shares of company stock valued at $79,983,892. Company insiders own 2.49% of the company’s stock.

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.