BTC Capital Management Inc. Has $10.56 Million Stock Holdings in Intuit Inc. $INTU

BTC Capital Management Inc. increased its position in Intuit Inc. (NASDAQ:INTU) by 15.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,460 shares of the software maker’s stock after purchasing an additional 2,103 shares during the quarter. BTC Capital Management Inc.’s holdings in Intuit were worth $10,558,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Tortoise Investment Management LLC raised its stake in Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. boosted its stake in shares of Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares during the period. Sagard Holdings Management Inc. acquired a new position in shares of Intuit during the 2nd quarter worth approximately $28,000. True Wealth Design LLC increased its holdings 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 worth $29,000 after acquiring an additional 27 shares during the last quarter. Finally, LGT Financial Advisors LLC bought a new stake in Intuit in the 2nd quarter valued at $32,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This trade represents a 75.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 388,464 shares of company stock worth $255,514,393 over the last three months. Company insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on INTU. KeyCorp reduced their price objective on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Evercore restated an “outperform” rating and set a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. The Goldman Sachs Group initiated coverage on shares of Intuit in a research note on Monday, January 12th. They issued a “neutral” rating and a $720.00 price target on the stock. BMO Capital Markets lowered their price target on shares of Intuit from $810.00 to $624.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Independent Research set a $875.00 price objective on Intuit in a report on Tuesday, November 18th. Twenty-two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $772.42.

Intuit Price Performance

NASDAQ:INTU opened at $399.40 on Friday. Intuit Inc. has a 52 week low of $389.32 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s 50-day simple moving average is $582.36 and its 200 day simple moving average is $645.09. The firm has a market cap of $111.14 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 1.63 and a beta of 1.24.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. 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, sell-side analysts predict 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 was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio is 32.81%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched a new AI-powered “Construction Edition” for its Intuit Enterprise Suite aimed at mid-sized construction firms — a targeted vertical push that could expand enterprise bookings and stickier ARR. Article Title Article Title
• Positive Sentiment: Industry commentary argues Intuit is well-positioned to survive the so‑called “SaaS‑pocalypse,” supporting a longer-term bull case on durable subscription cash flows and AI-driven product differentiation. Article Title
• Neutral Sentiment: BMO Capital kept an Outperform rating on INTU but reduced its price target significantly (reported coverage and commentary); the maintained rating is supportive, but the lower target signals tempered near‑term upside expectations. Article Title
• Neutral Sentiment: Several market pieces (Zacks, Motley Fool) debate whether Intuit is a buying opportunity or overhyped — useful context for sentiment-driven flows but not immediate catalysts. Article Title Article Title
• Neutral Sentiment: Short‑interest data feeds show anomalous “0 shares / NaN” values for February — likely a reporting/data error rather than a real change in short positioning, but noisy headlines can stoke volatility.
• Negative Sentiment: Unusual options activity: traders bought ~184k put contracts in a single session (a very large spike vs. average), indicating elevated bearish hedging/speculation that can pressure the stock via sentiment and gamma trading dynamics.
• Negative Sentiment: Analyst downgrades and lower price targets have coincided with Intuit sliding to a new 52‑week low in recent sessions — explicit near‑term negative catalyst that likely amplified selling pressure. Article Title Article Title
• Negative Sentiment: Legal/headline risk: an employee lawsuit alleging discriminatory labeling over DEI hiring adds reputational and potential legal risk that can weigh on sentiment if it escalates. Article Title

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.