Farallon Capital Management LLC Decreases Holdings in Intuit Inc. $INTU

Farallon Capital Management LLC reduced its stake in Intuit Inc. (NASDAQ:INTU) by 9.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 488,088 shares of the software maker’s stock after selling 48,570 shares during the quarter. Intuit accounts for approximately 1.4% of Farallon Capital Management LLC’s portfolio, making the stock its 20th largest holding. Farallon Capital Management LLC’s holdings in Intuit were worth $333,320,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in INTU. Fort Sheridan Advisors LLC increased its holdings in Intuit by 2.1% during the second quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock worth $569,000 after buying an additional 15 shares during the last quarter. BetterWealth LLC boosted its stake in Intuit by 3.8% in the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock valued at $281,000 after acquiring an additional 15 shares during the last quarter. Sachetta LLC boosted its stake in Intuit by 23.8% in the third quarter. Sachetta LLC now owns 78 shares of the software maker’s stock valued at $53,000 after acquiring an additional 15 shares during the last quarter. Vance Wealth LLC grew its position in shares of Intuit by 1.5% during the 2nd quarter. Vance Wealth LLC now owns 1,116 shares of the software maker’s stock valued at $879,000 after acquiring an additional 16 shares during the period. Finally, PUREfi Wealth LLC grew its position in shares of Intuit by 4.5% during the 3rd quarter. PUREfi Wealth LLC now owns 369 shares of the software maker’s stock valued at $252,000 after acquiring an additional 16 shares during the period. Institutional investors own 83.66% of the company’s stock.

Trending Headlines about 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.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares in the company, valued at $337,390.56. The trade was a 71.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 120,501 shares of company stock valued at $79,983,892 in the last quarter. 2.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on INTU shares. KeyCorp lowered their price target on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Northcoast Research raised Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective for the company in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Intuit from $850.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Citigroup lowered their target price on Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $634.26.

Intuit Stock Up 1.1%

INTU stock opened at $439.96 on Monday. The stock has a 50-day simple moving average of $482.31 and a two-hundred day simple moving average of $599.82. Intuit Inc. has a twelve month low of $349.00 and a twelve month high of $813.70. The firm has a market capitalization of $121.67 billion, a PE ratio of 28.49, a PEG ratio of 1.77 and a beta of 1.27. 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 announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (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 firm had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the firm posted $3.32 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

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

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.