Intuit Inc. $INTU Stake Increased by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 0.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 551,169 shares of the software maker’s stock after buying an additional 2,612 shares during the period. Rhumbline Advisers’ holdings in Intuit were worth $376,399,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Intuit by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock worth $21,823,625,000 after purchasing an additional 377,657 shares in the last quarter. State Street Corp increased its stake in Intuit by 1.0% in the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock valued at $10,022,059,000 after buying an additional 125,990 shares during the period. Geode Capital Management LLC lifted its position in Intuit by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock worth $5,042,107,000 after buying an additional 115,721 shares in the last quarter. Norges Bank purchased a new position in shares of Intuit during the 2nd quarter valued at $3,268,830,000. Finally, Invesco Ltd. increased its stake in shares of Intuit by 13.2% in the second quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock worth $2,745,492,000 after acquiring an additional 407,078 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: CNBC personality and market influencer Jim Cramer publicly said he would buy Intuit “right here, right now,” which can attract retail buying and short‑term demand. Jim Cramer on Intuit: “I’d Be a Buyer Right Here, Right Now”
• Positive Sentiment: Strategists at major banks say recent software weakness from AI disruption fears creates a buying opportunity for high‑quality names—an argument that supports a rebound thesis for Intuit given its recurring revenue and market position. AI disruption fears create buying chance in US software stocks, strategists say
• Positive Sentiment: Analyst and commentary pieces (Seeking Alpha) are framing the large pullback as an attractive entry after an AI‑driven selloff, arguing Intuit’s fundamentals and regulated footprint make it resilient—this can support medium‑term investor interest. Intuit: Finally Attractive After AI-Driven 50% Selloff (Rating Upgrade)
• Positive Sentiment: Product development: Mailchimp enhancements and expanded SMS/automation rolls out to many international markets, supporting cross‑sell and revenue growth in Intuit’s commerce/marketing businesses. Product news helps the growth narrative. Intuit Mailchimp unlocks a new era of profitable ecommerce marketing
• Neutral Sentiment: Market breadth: The Nasdaq rebound and improved Fear & Greed index indicate broader sentiment may stabilize, which could help software names if the rally continues. Nasdaq Jumps Over 200 Points As Software Stocks Rebound
• Neutral Sentiment: Short interest data reported appears anomalous (shows 0 shares / NaN change and 0 days‑to‑cover); no clear sign of elevated short pressure from the available report. (Treat the metric as unreliable until clarified.)
• Negative Sentiment: Analyst price‑target cuts from BMO (810 → 624) and TD Cowen (802 → 658) reduced upside expectations despite both keeping buy/outperform stances; downward revisions signal lower near‑term model assumptions and weigh on sentiment. INTU price target lowered at BMO Capital TD Cowen adjusts price target on Intuit
• Negative Sentiment: Short‑term price action: commentary notes Intuit fell more than the broader market on the latest down day, reflecting concentrated selling pressure and sector rotation away from expensive software names. Intuit (INTU) Suffers a Larger Drop Than the General Market

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Truist Financial assumed coverage on Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price objective for the company. TD Cowen dropped their target price on Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company reiterated an “equal weight” rating and set a $700.00 price target (down from $840.00) on shares of Intuit in a report on Thursday, January 8th. The Goldman Sachs Group started coverage on Intuit in a report on Monday, January 12th. They issued a “neutral” rating and a $720.00 price objective on the stock. Finally, Evercore reaffirmed an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. Twenty-two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $772.42.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $421.39 on Wednesday. The business’s 50-day simple moving average is $598.12 and its 200-day simple moving average is $651.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. Intuit Inc. has a 52 week low of $411.11 and a 52 week high of $813.70. The firm has a market cap of $117.26 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 1.79 and a beta of 1.24.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the business earned $2.50 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is 32.81%.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the transaction, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the 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. The trade was a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 388,464 shares of company stock worth $255,514,393 in the last 90 days. Insiders own 2.49% of the company’s stock.

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.