Mackenzie Financial Corp Buys 14,398 Shares of Intuit Inc. $INTU

Mackenzie Financial Corp boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 9.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,138 shares of the software maker’s stock after buying an additional 14,398 shares during the quarter. Mackenzie Financial Corp owned approximately 0.06% of Intuit worth $108,677,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in INTU. Tortoise Investment Management LLC lifted its stake in shares of Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares during the period. Sagard Holdings Management Inc. acquired a new stake in Intuit during the 2nd quarter valued at approximately $28,000. MTM Investment Management LLC raised its holdings in Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Total Investment Management Inc. bought a new position in Intuit during the 2nd quarter worth approximately $33,000. Finally, Kilter Group LLC acquired a new position in shares of Intuit in the 2nd quarter worth approximately $35,000. Institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 1,402 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was 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 of the company’s stock, valued at approximately $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 119,835 shares of company stock valued at $79,679,393 in the last three months. Corporate insiders own 2.49% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Jim Cramer publicly urged investors to “stick with” Intuit, reiterating confidence after management’s recent appearance and strong quarterly results. Jim Cramer on Intuit: “You Stick With That One, It’s Going to Go Higher”
• Positive Sentiment: Rothschild & Co Redburn upgraded Intuit from Neutral to Buy and raised its price target, citing resilience of core software versus AI disruption — a vote of confidence from a sell‑side shop. Redburn upgrades Intuit saying core software resilient to AI disruption
• Positive Sentiment: Coverage of Q4 earnings places Intuit among outperformers in the finance/HR software cohort — highlighting the company’s revenue and EPS beat and continued product adoption. Q4 Earnings Outperformers: Intuit And The Rest Of The Finance and HR Software Stocks
• Neutral Sentiment: Analyst fair‑value estimates have been trimmed (recent notes move mid‑range targets into ~$500–$600), reflecting elevated AI risk and tax‑season exposure; this is a valuation re‑balancing rather than a change to the growth story. How The Intuit (INTU) Investment Story Is Shifting With AI Risks And Lower Targets
• Neutral Sentiment: Short interest fell ~19.5% in February to ~6.69M shares (≈2.5% of float), lowering days‑to‑cover — a technical datapoint that can reduce short‑squeeze risk. (No link)
• Negative Sentiment: Opinion pieces and technical studies warn Intuit faces structural/technical trouble after a >50% decline since July 2025, flagging potential further downside if the chart pattern and momentum don’t stabilize. Intuit Stock Faces Structural Trouble Despite Optimistic Calls
• Negative Sentiment: Coverage from The Motley Fool highlights AI uncertainty and valuation risk despite solid underlying growth, cautioning investors to expect continued volatility. Intuit Stock Has Been Crushed This Year. How Much Further Could It Fall?
• Negative Sentiment: Market commentary points to investor re‑pricing tied to Intuit’s tax‑season quarter guidance and planned higher customer‑acquisition/service spend; combined with heavy insider selling and notable institutional position reductions, this raises near‑term sentiment risk. Intuit slides as investors focus on tax-season outlook and spending plans

Intuit Stock Down 3.0%

Intuit stock opened at $440.45 on Thursday. The company has a market capitalization of $121.81 billion, a PE ratio of 28.53, a PEG ratio of 1.82 and a beta of 1.26. Intuit Inc. has a 12-month low of $349.00 and a 12-month high of $813.70. The firm’s fifty day moving average is $490.65 and its 200 day moving average is $603.35. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period last year, the company posted $3.32 earnings per share. The business’s quarterly revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s payout ratio is presently 31.09%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on INTU shares. Oppenheimer reduced their price objective on shares of Intuit from $696.00 to $558.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Barclays dropped their target price on shares of Intuit from $785.00 to $540.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Royal Bank Of Canada cut their price target on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. BMO Capital Markets decreased their price target on Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Finally, UBS Group lowered their price objective on Intuit from $725.00 to $440.00 and set a “neutral” 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 issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $643.29.

Intuit Company 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.