ZEGA Investments LLC Has $1.03 Million Stock Position in Intuit Inc. $INTU

ZEGA Investments LLC lessened its position in Intuit Inc. (NASDAQ:INTU) by 46.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,505 shares of the software maker’s stock after selling 1,300 shares during the period. ZEGA Investments LLC’s holdings in Intuit were worth $1,028,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Tortoise Investment Management LLC raised its holdings in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares in the last quarter. Dogwood Wealth Management LLC increased its position in shares of Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares in the last quarter. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit in the 2nd quarter worth about $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of the firm’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 completion of the sale, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction on 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 sale, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is currently owned by company insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Fundsmith Equity Fund reestablished a stake in Intuit, a vote of confidence from a well-known active manager that can support demand for the shares. Here’s Why Fundsmith Equity Fund Reestablished Its Stake in Intuit (INTU)
• Positive Sentiment: Intuit’s QuickBooks struck a partnership with BDO Canada to offer integrated services to SMBs — a practical revenue growth and distribution win for QuickBooks in an important market. BDO Canada and Intuit QuickBooks Partner
• Neutral Sentiment: Goldman Sachs initiated coverage with a Hold rating and a $720 price target (implies ~13% upside from the ~$635 level) — helpful for headline demand but not a buy endorsement. Goldman Sachs Coverage
• Neutral Sentiment: Corporate/strategy pieces (on product funnel, AI culture and QuickBooks guidance/tips) highlight ongoing execution and positioning into AI and SMB tools but are more supportive of longer-term story than immediate price moves. Representative reads: The Drum and Moneycontrol. Intuit’s Thomas Ranese says the funnel isn’t dead
• Neutral Sentiment: Reported short-interest data appears to show no meaningful short position (the published numbers are effectively zero/NA), so short covering is unlikely to be a near-term driver based on the available figures.
• Negative Sentiment: Market commentary notes INTU shares “sank” while broader indexes rose, signaling stock-specific selling/rotation that’s weighing on the price today. Intuit (INTU) stock sinks as market gains

Wall Street Analyst Weigh In

A number of research firms have issued reports on INTU. BMO Capital Markets cut their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Rothschild & Co Redburn raised their target price on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Daiwa Capital Markets lifted their target price on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. TD Cowen started coverage on Intuit in a research report on Thursday, January 8th. They issued a “buy” rating and a $802.00 price target for the company. Finally, Cowen initiated coverage on Intuit in a research note on Wednesday, January 7th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $784.81.

Intuit Stock Down 1.8%

Shares of NASDAQ:INTU opened at $635.44 on Tuesday. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a market capitalization of $176.82 billion, a PE ratio of 43.43, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25. The business has a fifty day moving average price of $655.53 and a two-hundred day moving average price of $689.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s dividend payout ratio is currently 32.81%.

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.