Intuit Inc. $INTU Shares Sold by Alta Capital Management LLC

Alta Capital Management LLC lowered its holdings in Intuit Inc. (NASDAQ:INTU) by 26.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,588 shares of the software maker’s stock after selling 19,316 shares during the period. Intuit accounts for 2.1% of Alta Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Alta Capital Management LLC’s holdings in Intuit were worth $37,279,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in INTU. Brighton Jones LLC increased its stake in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after acquiring an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the first quarter worth approximately $785,564,000. Sivia Capital Partners LLC raised its stake in Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after purchasing an additional 166 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Intuit by 20.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock valued at $751,000 after purchasing an additional 163 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research analyst reports. Truist Financial initiated coverage on Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price objective for the company. Oppenheimer dropped their price target on Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a research note on Tuesday. TD Cowen assumed coverage on Intuit in a research note on Thursday, January 8th. They issued a “buy” rating and a $802.00 price objective on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. Finally, Evercore ISI restated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $785.12.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a multi‑year partnership with Affirm to add pay‑over‑time (BNPL) directly into QuickBooks Payments — a product tie that can boost payment revenue, merchant retention and SMB payment volume over time. Read More.
• Positive Sentiment: RBC Capital reiterated a Buy on INTU, which supports the view that some selloffs are tactical and that long‑term analyst conviction remains. Read More.
• Neutral Sentiment: Intuit is running consumer and community initiatives (NFL / 49ers Foundation financial‑literacy events), which help brand and user engagement but are unlikely to move near‑term revenue materially. Read More.
• Neutral Sentiment: Coverage on Intuit’s work supporting UK SME capital and other small‑business programs underscores longer‑term market expansion efforts; these are strategic but not immediate catalysts. Read More.
• Negative Sentiment: Oppenheimer cut its price target on INTU from $868 to $696 (still an Outperform rating). The lower target appears to have triggered selling pressure and helped accelerate the intra‑day decline. Read More.
• Negative Sentiment: Broader market fears that new AI/legal tools (e.g., from Anthropic) will disrupt software and analytics revenue models pressured names across the sector, including Intuit — a sentiment move that can widen valuation swings even when fundamentals remain solid. Read More.

Intuit Stock Down 10.9%

Shares of NASDAQ:INTU opened at $434.09 on Wednesday. The company has a market capitalization of $120.79 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. The company has a 50 day moving average of $617.64 and a two-hundred day moving average of $663.28. Intuit Inc. has a 52-week low of $427.26 and a 52-week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

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

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were paid a dividend of $1.20 per share. The ex-dividend date was Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.1%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The stock was 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 of the company’s stock, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the 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 $3,786,458,939.64. This represents a 0.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 388,464 shares of company stock valued at $255,514,393 over the last ninety days. Insiders own 2.49% of the company’s stock.

About Intuit

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.