Victory Capital Management Inc. Grows Stake in Intuit Inc. $INTU

Victory Capital Management Inc. lifted its stake in Intuit Inc. (NASDAQ:INTU) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,054,331 shares of the software maker’s stock after buying an additional 27,047 shares during the quarter. Victory Capital Management Inc.’s holdings in Intuit were worth $701,210,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of INTU. Tortoise Investment Management LLC raised its holdings in 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 buying an additional 27 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after acquiring an additional 21 shares in the last quarter. Sagard Holdings Management Inc. purchased a new position in Intuit in the 2nd quarter worth approximately $28,000. True Wealth Design LLC lifted its position in Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after acquiring an additional 27 shares in the last quarter. Finally, MTM Investment Management LLC boosted its stake in Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Up 2.5%

Shares of INTU stock opened at $419.06 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70. The stock has a market cap of $116.61 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.67 and a beta of 1.27. The company has a 50 day simple moving average of $520.97 and a two-hundred day simple moving average of $614.68.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the firm posted $3.32 EPS. The company’s revenue for the quarter 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. On average, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The business also recently disclosed 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s payout ratio is presently 31.09%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is deepening AI partnerships (OpenAI/Anthropic) to build industry‑specific agents for small and mid‑market businesses — a strategic move that leverages Intuit’s 40 years of customer financial data and could sustain its growth against “SaaSpocalypse” fears. Living with the LLMs – how Intuit ignores the ‘SaaSpocalypse’
• Positive Sentiment: Intuit and Anthropic announced a multi‑year pact to create secure, industry‑specific AI agents for mid‑market customers — this directly supports monetization of Intuit’s platform and could increase ARPU if adoption follows. Intuit Anthropic AI Pact Tests Growth Story
• Positive Sentiment: Coverage highlights Intuit’s long AI investment (TurboTax’s multi‑year work) and plans including store expansion — tangible product/channel moves that support commercial adoption of AI features. Intuit TurboTax has invested in AI
• Positive Sentiment: A short‑term technical “power inflow” / trading signal and broader tech rebound headlines have supported a bounce in INTU — momentum traders are likely buying the reversal. Intuit Shares Rise 2% After Key Trading Signal
• Neutral Sentiment: Intuit presented at the Morgan Stanley TMT conference (transcript available) — provides management commentary and detail that investors will parse for execution on AI partnerships and mid‑market strategy. INTU Presents at Morgan Stanley TMT Conference
• Neutral Sentiment: Industry pieces note broader market dynamics (tech rotation, micro‑cap rallies) that can lift or pressure INTU depending on sentiment — keep an eye on macro/AI spending narratives. One Source of Strength in the Markets Today
• Negative Sentiment: Multiple brokerages have cut INTU price targets this week (UBS, BMO, Stifel, RBC, JPMorgan, Deutsche, Citigroup, etc.), signaling reduced near‑term earnings/growth expectations and pressuring valuation multiples. Royal Bank Of Canada Cuts Intuit Price Target
• Negative Sentiment: Reported short interest rose ~40% — increased bearish positioning can amplify downside on weak news or guidance. Short Interest in Intuit Inc. Rises By 40%
• Negative Sentiment: Analysis pieces recap the recent ~35–40% slide in INTU (P/E contraction amid higher/longer rates) — valuation reset remains a core risk until growth visibility and rate outlook stabilize. Intuit’s 40% Slide: What Went Wrong?

Wall Street Analysts Forecast Growth

INTU has been the topic of several recent analyst reports. Evercore reaffirmed an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. Wolfe Research reduced their price target on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Independent Research set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. Citigroup dropped their target price on shares of Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a report on Friday. Finally, Daiwa Securities Group boosted their target price on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Twenty-three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $656.62.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. This represents a 71.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction that occurred 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 directly owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 388,464 shares of company stock valued at $255,514,393. Insiders own 2.49% of the company’s stock.

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.