Baader Bank Aktiengesellschaft reduced its position in Intuit Inc. (NASDAQ:INTU – Free Report) by 40.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,475 shares of the software maker’s stock after selling 1,715 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Intuit were worth $1,637,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in INTU. Brighton Jones LLC boosted its holdings in shares of Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the 1st quarter valued at $785,564,000. Sivia Capital Partners LLC grew its position in shares of Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after acquiring an additional 166 shares during the period. Finally, Florida Financial Advisors LLC increased its stake in shares of Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after purchasing an additional 51 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.
Intuit News Roundup
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit announced enhancements to Intuit Enterprise Suite and launched QuickBooks Workforce, expanding its AI-powered HR and financial management tools for mid-market and small business customers. Intuit Unlocks New Phase of Growth for Mid-Market Businesses, Combining Data and AI to Drive Faster, More Profitable Decisions
- Positive Sentiment: Wall Street articles highlighted that analysts see roughly 60% upside potential for INTU based on consensus price targets and improving earnings estimate revisions. Wall Street Analysts Believe Intuit (INTU) Could Rally 60.13%: Here’s is How to Trade
- Positive Sentiment: Several market commentary pieces framed Intuit as a beneficiary of the accelerating digital payments and AI software trend, which supports the company’s long-term growth story. Top Mobile Payments Stocks to Buy in an Accelerating Digital Era
- Neutral Sentiment: A new Vapi funding story noted that Intuit is among the enterprise customers using its voice AI platform, but this appears more informational than material for near-term earnings. Why Intuit (INTU) Dipped More Than Broader Market Today
- Negative Sentiment: Articles focused on Intuit’s 42.8% drop over the past six months, citing Mailchimp weakness, rising costs, and investor concern that strong AI and mid-market gains may not be enough to offset pressure in other parts of the business. Is INTU Stock a Buy, Hold or Sell After Its 42.8% Plunge in 6 Months?
- Negative Sentiment: Intuit was also mentioned in a broader software selloff article, suggesting the stock has been caught up in sector-wide weakness rather than only company-specific news. Marqeta, Toast, Dolby Laboratories, Intuit, and GoDaddy shares plummet, what you need to know
Intuit Stock Down 4.1%
Intuit (NASDAQ:INTU – Get Free Report) 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 return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the business posted $3.32 earnings per share. The company’s quarterly revenue 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. Analysts forecast that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.
Intuit Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, April 9th. Intuit’s dividend payout ratio is currently 31.09%.
Insider Activity at Intuit
In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.49% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Jefferies Financial Group restated a “buy” rating on shares of Intuit in a research note on Sunday, April 19th. Rothschild & Co Redburn upgraded Intuit from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $670.00 to $700.00 in a research note on Tuesday, March 10th. KeyCorp dropped their target price on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 27th. The Goldman Sachs Group dropped their target price on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Finally, TD Cowen dropped their target price on shares of Intuit from $633.00 to $576.00 and set a “buy” rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given 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 stock has a consensus rating of “Moderate Buy” and an average price target of $634.26.
Get Our Latest Research 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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