Pittenger & Anderson Inc. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 301.2% during the third quarter, Holdings Channel.com reports. The fund owned 7,887 shares of the software maker’s stock after purchasing an additional 5,921 shares during the period. Pittenger & Anderson Inc.’s holdings in Intuit were worth $5,386,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC raised its holdings in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares in the last quarter. Sagard Holdings Management Inc. acquired a new position in shares of Intuit in the 2nd quarter worth $28,000. True Wealth Design LLC boosted its position 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 purchasing an additional 27 shares during the period. Finally, LGT Financial Advisors LLC acquired a new stake in Intuit during the 2nd quarter worth about $32,000. Institutional investors own 83.66% of the company’s stock.
Intuit Price Performance
Shares of Intuit stock opened at $502.98 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $139.96 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 2.20 and a beta of 1.25. The firm has a fifty day moving average price of $628.53 and a two-hundred day moving average price of $670.30. Intuit Inc. has a fifty-two week low of $491.72 and a fifty-two week high of $813.70.
Intuit Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were given a dividend of $1.20 per share. The ex-dividend date was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. Intuit’s payout ratio is currently 32.81%.
Insider Transactions at Intuit
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 value of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 388,464 shares of company stock valued at $255,514,393. Company insiders own 2.49% of the company’s stock.
Analyst Upgrades and Downgrades
INTU has been the topic of a number of recent analyst reports. Evercore ISI restated an “outperform” rating and set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Truist Financial initiated coverage on shares of Intuit in a research note on Tuesday, January 6th. They set a “buy” rating and a $739.00 target price on the stock. The Goldman Sachs Group assumed coverage on Intuit in a research note on Monday, January 12th. They issued a “neutral” rating and a $720.00 target price on the stock. Wolfe Research decreased their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Finally, Daiwa Capital Markets boosted their target price on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $791.73.
Read Our Latest Stock Analysis on Intuit
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit expanded its AI-driven tax and hiring capabilities, rolling out TurboTax Stores and integrations with Checkr — moves that could increase customer engagement, drive services revenue, and deepen recruitment workflows. Intuit Expands AI Tax And Hiring Platform With TurboTax Stores And Checkr
- Positive Sentiment: Intuit unveiled a Career Pipeline Program aimed at building a steady talent pipeline for roles across its businesses — a potential long?term benefit for operating efficiency and product delivery. Intuit reveals Career Pipeline Program
- Neutral Sentiment: Intuit set a date to report Q2 FY2026 results on Feb. 26 (quarter ends Jan. 31). That earnings release and the conference call will be the next major catalyst that could move the stock. Intuit to Announce Second-Quarter Fiscal Year 2026 Results on Feb. 26
- Neutral Sentiment: Marketing efforts, such as a TurboTax campaign with NYC designers to spotlight small?business creativity, are brand?building but unlikely to move near?term fundamentals. Intuit TurboTax Taps NYC Designers To Spotlight the Art of Business
- Neutral Sentiment: Analyst and investor commentary is drawing attention to Intuit right now, providing context but not a clear directional signal ahead of earnings. Intuit Inc. (INTU) is Attracting Investor Attention: Here is What You Should Know
- Negative Sentiment: Shares have hit a 52?week low, signaling increased selling pressure and weaker investor sentiment; that technical weakness can accelerate outflows and further price declines. Intuit stock hits 52-week low at 510.0 USD
- Negative Sentiment: Market coverage notes Intuit is falling more than the broader market today, reflecting valuation concerns, sector rotation, and investor caution ahead of results. Intuit (INTU) dips more than broader market: What you should know
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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