Intuit Inc. $INTU Shares Sold by Guinness Asset Management LTD

Guinness Asset Management LTD cut its stake in Intuit Inc. (NASDAQ:INTU) by 4.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,284 shares of the software maker’s stock after selling 3,198 shares during the period. Guinness Asset Management LTD’s holdings in Intuit were worth $46,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in INTU. Tortoise Investment Management LLC raised 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 worth $25,000 after purchasing an additional 27 shares during the period. Westside Investment Management Inc. grew its stake in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares during the period. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $28,000. True Wealth Design LLC raised its position in shares of Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after buying an additional 27 shares during the period. Finally, LGT Financial Advisors LLC acquired a new position in Intuit in the second quarter valued at approximately $32,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bull case published highlighting Intuit’s strong fundamentals, revenue growth and long-term TAM; suggests current pullback could present a buying opportunity for long-term investors. Intuit Inc. (INTU): A Bull Case Theory
• Positive Sentiment: New partnership with Affirm aimed at SMBs — could expand payment and financing options in Intuit’s merchant stack, supporting revenue and cross-sell into QuickBooks customers. How Will SMBs Benefit from Intuit and Affirm’s Partnership?
• Positive Sentiment: High-profile marketing/PR at Super Bowl LX (financial literacy forum featuring Christian McCaffrey) boosts brand visibility and consumer goodwill for TurboTax/Intuit products. McCaffrey Headlines Intuit Financial Literacy Forum At Super Bowl LX
• Positive Sentiment: Unusual options activity: a large block of call buying suggests some investors are speculating on a rebound or hedging, which can create intraday buying interest. (Market data entry)
• Neutral Sentiment: New Mailchimp report and marketing content release reinforce product engagement initiatives but are unlikely to move near-term revenue materially. New Intuit Mailchimp Report Reveals What Marketers Overlook
• Negative Sentiment: Analyst downgrade(s) and a cited price target cut triggered selling — multiple headlines reported INTU trading down sharply after the downgrade, pushing the stock toward a 12‑month low. Analyst sentiment is the primary near-term driver of the decline. Intuit (NASDAQ:INTU) Trading Down 7.3% After Analyst Downgrade
• Negative Sentiment: Oppenheimer lowered expectations for INTU, adding to resale pressure by signaling weaker near-term growth/valuation upside in analyst models. Oppenheimer Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price
• Negative Sentiment: TurboTax experienced a New York state‑filing outage (since fixed) — short-term reputational and transaction frictions can dent confidence during peak filing season, amplifying downside when paired with downgrades. Turbo Tax issue prevents filing of NY State returns

Wall Street Analyst Weigh In

Several research firms have issued reports on INTU. Oppenheimer cut their target price on Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a research note on Tuesday. BMO Capital Markets lowered their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. Evercore ISI restated an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $700.00 target price (down previously from $840.00) on shares of Intuit in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $785.12.

Intuit Stock Performance

NASDAQ INTU opened at $434.91 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $121.02 billion, a P/E ratio of 29.73, a P/E/G ratio of 1.82 and a beta of 1.24. The stock has a 50-day moving average of $610.09 and a two-hundred day moving average of $660.18. Intuit Inc. has a 1-year low of $411.11 and a 1-year high of $813.70.

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

Intuit Announces Dividend

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

Insider Activity

In other news, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the completion of the sale, the director directly owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the sale, the chief financial officer directly owned 536 shares in the company, valued at $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 388,464 shares of company stock valued at $255,514,393. Corporate 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.