Intuit Inc. $INTU Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 43.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,432 shares of the software maker’s stock after selling 1,904 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Intuit were worth $1,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tortoise Investment Management LLC increased its holdings in Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares during the last quarter. Westside Investment Management Inc. boosted 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 worth $27,000 after buying an additional 21 shares during the period. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit in the second quarter valued at $28,000. True Wealth Design LLC raised its holdings in shares of 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 buying an additional 27 shares during the period. Finally, Total Investment Management Inc. acquired a new position in Intuit during the 2nd quarter worth about $33,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Up 6.3%

Shares of NASDAQ INTU opened at $381.23 on Thursday. The stock has a market capitalization of $106.08 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. Intuit Inc. has a 52 week low of $349.00 and a 52 week high of $813.70. The firm has a 50-day moving average price of $536.83 and a 200 day moving average price of $621.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of Intuit 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 transaction, the director directly owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 388,464 shares of company stock valued at $255,514,393 in the last 90 days. Insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INTU. BNP Paribas Exane cut their price target on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a research note on Monday. Independent Research set a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. BMO Capital Markets lowered their price target on Intuit from $810.00 to $624.00 and set an “outperform” rating for the company in a report on Tuesday, February 10th. Jefferies Financial Group set a $650.00 price objective on Intuit in a report on Sunday. Finally, Wolfe Research cut their target price on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Twenty-two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $726.18.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Anthropic partnership strengthens Intuit’s AI roadmap and briefly lifted the stock as the deal promises customizable AI agents for QuickBooks/TurboTax customers and embeds Intuit tools into Anthropic’s agent ecosystem. Intuit Partners With Anthropic on Agents
• Positive Sentiment: Some analysts and quant research single out Intuit as an AI “winner” with strong switching costs and ecosystem defensibility — a narrative that supports a longer-term buy thesis despite near-term weakness. (Market/analyst coverage highlighted this view.)
• Neutral Sentiment: Upcoming fiscal Q2 earnings preview calls for continued revenue growth across QuickBooks, TurboTax and Credit Karma — earnings will be a near-term catalyst that could validate or weaken the AI/strategy narrative. Q4/Q2 Earnings Preview
• Negative Sentiment: Wells Fargo cut its price target sharply (from $700 to $425) and moved to an equal-weight view, signaling weaker near-term expectations and weighing on sentiment. Wells Fargo target cut
• Negative Sentiment: Multiple broker notes (Barclays, BNP Paribas Exane and others) and at least one downgrade/“pessimistic forecast” pieces have hit the tape, adding downward pressure and contributing to a new 1‑year low after the analyst reactions. Analyst pessimistic forecasts
• Negative Sentiment: Short interest surged in February (about a 40% increase vs. late January, now ~3.1% of float), which can amplify downside moves and signals some investors are betting on further near-term weakness.

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.