Wellington Management Group LLP Sells 1,828,083 Shares of Intuit Inc. $INTU

Wellington Management Group LLP cut its stake in shares of Intuit Inc. (NASDAQ:INTU) by 31.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,028,552 shares of the software maker’s stock after selling 1,828,083 shares during the period. Wellington Management Group LLP owned 1.44% of Intuit worth $2,751,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of INTU. Tortoise Investment Management LLC raised its holdings in Intuit by 540.0% during the 2nd 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. Sagard Holdings Management Inc. purchased a new position in Intuit during the second quarter worth $28,000. Total Investment Management Inc. purchased a new position in Intuit during the second quarter worth $33,000. Kilter Group LLC bought a new position in Intuit during the second quarter valued at $35,000. Finally, MTM Investment Management LLC increased its position in Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Stock Up 1.1%

Shares of INTU opened at $439.96 on Friday. The firm has a fifty day moving average price of $482.31 and a 200-day moving average price of $600.67. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $121.67 billion, a P/E ratio of 28.49, a P/E/G ratio of 1.75 and a beta of 1.26. Intuit Inc. has a 12-month low of $349.00 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm posted $3.32 EPS. The firm’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts expect 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, April 17th. Stockholders of record on Thursday, April 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. Intuit’s dividend payout ratio (DPR) is 31.09%.

Insider Transactions at Intuit

In related news, CFO Sandeep Aujla sold 1,335 shares of the company’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 transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. This represents a 71.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the transaction, the chief executive officer 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 120,501 shares of company stock valued at $79,983,892. Company insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on INTU shares. Independent Research set a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. Northcoast Research upgraded shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price target on the stock in a report on Friday, March 6th. Truist Financial initiated coverage on shares of Intuit in a research report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective on the stock. BNP Paribas Exane decreased their price objective on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a research note on Monday, February 23rd. Finally, Stifel Nicolaus dropped their target price on Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $634.26.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Multi‑year partnership with Anthropic to build AI financial agents strengthens Intuit’s AI product roadmap and long‑term revenue opportunity, supporting buy‑side interest. Read More.
• Positive Sentiment: Rothschild & Co Redburn upgraded Intuit, providing fresh analyst support that can anchor the stock amid recent weakness. Read More.
• Neutral Sentiment: Company announced a quarterly dividend (ex‑dividend April 9), a steady capital‑return sign but modest yield—likely a neutral to mild positive for income‑focused investors. Read More.
• Neutral Sentiment: Analyses and valuation pieces note a multi‑month share selloff and re‑rating debate—keeps the stock in focus but produces mixed signals for timing. Read More.
• Negative Sentiment: Management’s Q3 profit guidance came in below Wall Street estimates after the Feb. 26 earnings release; that guidance miss triggered a post‑earnings pullback and remains a key near‑term risk. Read More.
• Negative Sentiment: Director Richard L. Dalzell sold 333 shares (~$440 avg) recently, reducing his stake modestly; while small in size, insider sales can be read negatively in a down tape. Read More.

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.