Korea Investment CORP Sells 1,060 Shares of Intuit Inc. $INTU

Korea Investment CORP lowered its stake in Intuit Inc. (NASDAQ:INTU) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,554 shares of the software maker’s stock after selling 1,060 shares during the quarter. Korea Investment CORP owned approximately 0.08% of Intuit worth $143,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Tortoise Investment Management LLC grew its stake 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 in the last quarter. Sagard Holdings Management Inc. purchased a new stake in Intuit in the 2nd quarter worth approximately $28,000. True Wealth Design LLC boosted its holdings in Intuit by 270.0% in the 2nd 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. MTM Investment Management LLC grew its position in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Total Investment Management Inc. purchased a new position in shares of Intuit during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In other news, CFO Sandeep Aujla sold 1,335 shares of the 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 directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated 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 in the company, valued at $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 269,596 shares of company stock worth $178,119,764. 2.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on INTU. Citigroup lowered their price target on Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Oppenheimer decreased their price objective on shares of Intuit from $696.00 to $558.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. KeyCorp dropped their target price on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $642.32.

Intuit Price Performance

INTU opened at $481.17 on Friday. 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’s 50 day simple moving average is $503.41 and its 200 day simple moving average is $608.18. The firm has a market cap of $133.07 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 1.93 and a beta of 1.26. Intuit Inc. has a 1 year low of $349.00 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the business posted $3.32 EPS. The business’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. As a group, analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.0%. Intuit’s dividend payout ratio is presently 31.09%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 earnings beat & guidance: Intuit reported a better‑than‑expected quarter (EPS and revenue beats, revenue +17% y/y) and set Q3/FY26 guidance that supports continued growth — this is the main fundamental driver for the rally. INTU Stock Rises 18.3% Post Q2 Earnings
• Positive Sentiment: Big AI partnership: Intuit announced a broad collaboration with Anthropic to build customizable AI agents for mid‑market customers — this supports product differentiation, upsell potential and the company’s AI-driven revenue narrative. Intuit Anthropic AI Agents Aim To Deepen Mid Market Integration
• Positive Sentiment: Analyst upgrades & upside to price targets: Multiple firms raised or reiterated bullish ratings (Northcoast upgrade to Buy with $575 PT; Argus strong‑buy; the consensus analyst targets imply material upside), underpinning investor confidence. Finviz (Northcoast upgrade) Wall Street Analysts Predict a 33.67% Upside
• Positive Sentiment: Sector rotation into software: Broader flows have favored software this week vs. semiconductors, lifting beaten-down software names including Intuit and providing a momentum tailwind. Tech Rotation Swings Back Toward Software
• Neutral Sentiment: Momentum & valuation questions: The stock has had a sharp multi‑day run (Forbes notes a 7‑day +30% move), prompting debate over whether the rally is overextended vs. justified by fundamentals. Monitor near‑term profit‑taking risk. Is Intuit Stock Rally Overextended Or Just Getting Started?
• Neutral Sentiment: Earnings acceleration theme: Screens and analyst commentary highlight improving EPS revisions and acceleration metrics — bullish signal, but execution and AI monetization will determine durability. 3 Best Earnings Acceleration Stocks to Buy in March 2026
• Negative Sentiment: Some price‑target trims despite buy ratings: A number of firms trimmed targets (Daiwa, TD Cowen, Mizuho, JPMorgan) even while keeping buy ratings — this signals varied views on upside and valuation sensitivity. That increases short‑term volatility risk if guidance/AI execution falters. Daiwa Lowers PT to $640

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.