Fernbridge Capital Management LP Reduces Stock Position in Intuit Inc. $INTU

Fernbridge Capital Management LP lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 40.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 78,596 shares of the software maker’s stock after selling 52,947 shares during the period. Intuit makes up approximately 2.6% of Fernbridge Capital Management LP’s holdings, making the stock its 10th largest position. Fernbridge Capital Management LP’s holdings in Intuit were worth $53,674,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in INTU. Norges Bank bought a new position in Intuit in the 2nd quarter worth approximately $3,268,830,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit in the first quarter valued at approximately $785,564,000. Winslow Capital Management LLC bought a new stake in shares of Intuit in the second quarter valued at approximately $782,677,000. Vanguard Group Inc. grew its stake in shares of Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after acquiring an additional 914,024 shares during the last quarter. Finally, Swedbank AB increased its position in Intuit by 575.4% during the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock worth $602,023,000 after acquiring an additional 751,027 shares during the period. Institutional investors own 83.66% of the company’s stock.

Key Stories Impacting 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.

Intuit Trading Up 1.1%

Shares of Intuit stock opened at $439.96 on Friday. Intuit Inc. has a 52-week low of $349.00 and a 52-week high of $813.70. The firm has a market capitalization of $121.67 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 1.75 and a beta of 1.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The company’s fifty day moving average price is $482.31 and its two-hundred day moving average price is $600.67.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the firm earned $3.32 EPS. 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, analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be issued a dividend of $1.20 per share. 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%.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction 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 sale, the director directly owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 120,501 shares of company stock valued at $79,983,892. 2.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on INTU shares. Oppenheimer cut their target price on shares of Intuit from $696.00 to $558.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Wolfe Research set a $550.00 target price on shares of Intuit and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group set a $650.00 target price on Intuit in a research report on Sunday, February 22nd. Finally, Northcoast Research upgraded Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price target on the stock in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average price target of $634.26.

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.