Central Bank & Trust Co. Sells 828 Shares of Intuit Inc. $INTU

Central Bank & Trust Co. decreased its position in Intuit Inc. (NASDAQ:INTU) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,616 shares of the software maker’s stock after selling 828 shares during the quarter. Intuit accounts for 1.0% of Central Bank & Trust Co.’s portfolio, making the stock its 28th biggest holding. Central Bank & Trust Co.’s holdings in Intuit were worth $6,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTU. Tortoise Investment Management LLC raised its stake in Intuit by 540.0% during the second 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 in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Intuit by 161.5% in the 2nd 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 during the last quarter. Dogwood Wealth Management LLC grew its position in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares in the last quarter. Sagard Holdings Management Inc. bought a new stake in Intuit during the second quarter worth approximately $28,000. Finally, True Wealth Design LLC raised its position in Intuit by 270.0% during the second 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. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INTU has been the subject of a number of recent research reports. BMO Capital Markets dropped their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. KeyCorp dropped their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. JPMorgan Chase & Co. cut their price objective on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. UBS Group lowered their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Finally, Independent Research set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $796.60.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Multi‑year Circle partnership: Intuit will integrate USDC/stablecoin infrastructure into TurboTax, QuickBooks, Credit Karma and Mailchimp to enable faster settlements, lower costs and programmable money rails — a strategic move that can deepen platform stickiness and unlock new payment flows. Intuit & Circle Team Up for Smarter Money Movement With Stablecoins
• Positive Sentiment: Market reaction: coverage and sector peers (e.g., Circle/CRCL) climbed on the deal, and analysts/market writeups note INTU’s move as credible product innovation that could accelerate payments volume and lower backend costs. Intuit & Circle Stocks Jump on New Stablecoin Collaboration
• Positive Sentiment: Brand and consumer product momentum: Intuit launched the next phase of its “Now This Is Taxes” campaign tying TurboTax and Credit Karma with AI and expert services — supports user acquisition and monetization for consumer-facing rails that could leverage the new stablecoin functionality. Intuit’s Consumer Platform Powers the Future of Tax Filing
• Neutral Sentiment: Strategic analysis: commentators note stablecoins could deepen Intuit’s moat but warn the company’s high valuation leaves less room for execution missteps — strategic upside tempered by elevated multiples. As Intuit Jumps Into Stablecoin Business, Should You Buy, Sell, Or Hold INTU Stock?
• Neutral Sentiment: Positive long‑term takes: some fintech stock screens and coverage list INTU as a top fintech buy for 2026 based on platform scale and hedge fund interest — supportive context but not immediate catalysts. Is Intuit the Best FinTech Stock to Buy in 2026?
• Negative Sentiment: Analyst price‑target cut: Wolfe Research trimmed its INTU target, signaling some analyst skepticism on near‑term upside and valuation resilience after recent strategic updates. Wolfe Research Cuts Intuit Price Target
• Negative Sentiment: Guidance/margin caution: coverage highlights investor sensitivity to softer margin guidance and the need for execution on AI and payments initiatives; if costs rise or adoption of stablecoin rails is slower than expected, stock downside is possible. How Investors May Respond To Intuit AI Partnership Progress And Softer Margin Guidance

Intuit Trading Up 0.4%

NASDAQ INTU opened at $671.46 on Friday. The stock has a market cap of $186.85 billion, a PE ratio of 45.90, a PEG ratio of 2.74 and a beta of 1.27. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company’s 50-day moving average price is $657.99 and its 200-day moving average price is $702.09. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 74,095 shares of Intuit stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $655.78, for a total value of $48,590,019.10. Following the completion of the sale, the director directly owned 5,819,584 shares in the company, valued at $3,816,366,795.52. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the transaction, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 270,897 shares of company stock valued at $177,368,310 in the last ninety days. Corporate insiders own 2.49% of the company’s stock.

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.