Krilogy Financial LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,540 shares of the software maker’s stock, valued at approximately $2,975,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of INTU. May Hill Capital LLC raised its holdings in shares of Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after buying an additional 14 shares during the last quarter. Telos Capital Management Inc. grew its holdings in Intuit by 2.6% during the 2nd quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock worth $461,000 after acquiring an additional 15 shares during the last quarter. Mcrae Capital Management Inc. increased its position in Intuit by 0.7% in the 2nd quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock valued at $1,723,000 after acquiring an additional 15 shares in the last quarter. Fort Sheridan Advisors LLC raised its stake in shares of Intuit by 2.1% in the second quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock worth $569,000 after acquiring an additional 15 shares during the last quarter. Finally, BetterWealth LLC lifted its position in shares of Intuit by 3.8% during the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock worth $281,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.
Intuit Stock Down 5.2%
Shares of Intuit stock opened at $399.31 on Thursday. The business has a fifty day simple moving average of $593.15 and a 200 day simple moving average of $649.61. The stock has a market cap of $111.12 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12 month low of $392.38 and a 12 month high of $813.70.
Intuit Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio is presently 32.81%.
Key Stories Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: BMO Capital kept an “Outperform” rating on INTU (supports investor confidence in the name). BMO Capital Maintains an Outperform Rating on Intuit Inc. (INTU)
- Positive Sentiment: Intuit launched an AI-powered Construction Edition for its Enterprise Suite — expands addressable market in mid-market construction with AI-native ERP features. Intuit Launches New AI-Powered Construction Edition for Intuit Enterprise Suite
- Positive Sentiment: Intuit rolled out a new firm hub as a QBOA replacement — product cadence that can improve retention and sell-through to accountants. Intuit launches new firm hub as QBOA replacement
- Positive Sentiment: Prominent commentators (e.g., Jim Cramer) and bullish pieces argue the pullback is a buying opportunity—supports short-term buyer interest. Jim Cramer on Intuit: “I’d Be a Buyer Right Here, Right Now”
- Neutral Sentiment: Industry strategists and analysts (Morgan Stanley, JP Morgan commentary) are flagging the broader software sell-off as a potential entry point for high-quality names like Intuit—contextual for sector-driven moves rather than company-specific news. AI disruption fears create buying chance in US software stocks, strategists say
- Neutral Sentiment: Reported short-interest figures in feeds look erroneous (showing 0 shares); no clear meaningful short-squeeze signal from the published data. Intuit stock hits 52-week low at $410.59
- Negative Sentiment: BMO cut its price target on INTU from $810 to $624 — lowers near-term analyst valuation and is a direct negative for investor expectations. BMO Capital Maintains an Outperform Rating on Intuit Inc. (INTU)
- Negative Sentiment: INTU hit a 52-week low ($410.59 reported) — signals selling pressure and reinforces negative sentiment among momentum and risk-averse investors. Intuit stock hits 52-week low at $410.59
- Negative Sentiment: An employee has sued Intuit alleging a manager labeled her a “DEI hire” — potential reputational/legal risk, though impact on fundamentals likely limited unless escalates. Employee sues Intuit alleging manager branded her a ‘DEI hire’
Insider Activity
In related news, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the sale, the chief financial officer owned 536 shares of the company’s stock, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the transaction, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Oppenheimer lowered their price target on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Truist Financial assumed coverage on Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 target price for the company. Wolfe Research dropped their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Evercore reiterated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Finally, KeyCorp dropped their price objective on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Twenty-two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $772.42.
View Our Latest Stock Report on INTU
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.
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