Advisors Asset Management Inc. Sells 1,539 Shares of Intuit Inc. $INTU

Advisors Asset Management Inc. decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 8.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,798 shares of the software maker’s stock after selling 1,539 shares during the period. Advisors Asset Management Inc.’s holdings in Intuit were worth $10,789,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in INTU. Stratos Wealth Partners LTD. increased its stake in shares of Intuit by 4.5% in the third quarter. Stratos Wealth Partners LTD. now owns 9,467 shares of the software maker’s stock worth $6,465,000 after purchasing an additional 406 shares in the last quarter. Stratos Investment Management LLC lifted its stake in shares of Intuit by 2.1% during the 3rd quarter. Stratos Investment Management LLC now owns 1,147 shares of the software maker’s stock valued at $784,000 after buying an additional 24 shares in the last quarter. MQS Management LLC bought a new position in Intuit in the 3rd quarter worth $257,000. Waterway Wealth Management LLC purchased a new stake in Intuit in the 3rd quarter worth $1,410,000. Finally, Midwest Trust Co increased its stake in Intuit by 5.6% in the 3rd quarter. Midwest Trust Co now owns 18,176 shares of the software maker’s stock worth $12,413,000 after buying an additional 968 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Scott D. Cook sold 1,402 shares of the firm’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 completion of the sale, the director directly owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s 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 transaction, the chief executive officer owned 13,611 shares in the company, valued at $8,848,511.10. This trade represents a 75.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is currently owned by corporate insiders.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched an AI‑powered Construction Edition for its Intuit Enterprise Suite aimed at mid‑market construction companies — a new vertical product that could drive incremental ARR and upsell opportunities. Intuit Launches New AI‑Powered Construction Edition for Intuit Enterprise Suite
• Positive Sentiment: Intuit rolled out a new Firm Hub as a replacement for QBOA, improving product positioning for accounting firms and supporting professional‑channel growth. Intuit launches new firm hub as QBOA replacement
• Positive Sentiment: Mailchimp added advanced, data‑driven ecommerce marketing features and expanded SMS into new markets — product enhancements that aim to lift monetization and cross‑sell within Intuit’s marketing stack. Intuit Mailchimp Unlocks a New Era of Profitable Ecommerce Marketing
• Positive Sentiment: Media personalities expressed bullish views: Jim Cramer said he’d buy Intuit at current levels, which can attract short‑term buyers and retail interest. Jim Cramer on Intuit: “I’d Be a Buyer Right Here, Right Now”
• Neutral Sentiment: Barron’s and other strategists flagged that heavy short interest in software could set up a short squeeze if sentiment stabilizes — market‑level context that could create volatility in INTU. Software Stocks Look Primed for a Short Squeeze
• Neutral Sentiment: Analysts and strategists (Reuters, Morgan Stanley coverage) say AI disruption fears have pressured software stocks but may present buying opportunities in high‑quality names like Intuit. AI disruption fears create buying chance in US software stocks, strategists say
• Neutral Sentiment: Coverage pieces comparing Intuit with peers (CRM vs INTU) provide valuation context for value investors but contain mixed conclusions rather than a clear near‑term catalyst. CRM vs. INTU: Which Stock Should Value Investors Buy Now?
• Neutral Sentiment: Short‑interest snippets in the feed show anomalous zero values and unreliable data — current days‑to‑cover metrics are not informative from these entries.
• Negative Sentiment: Intuit shares hit a 52‑week low, reflecting recent sector weakness and selling pressure that can prompt stop‑losses and margin selling. Intuit stock hits 52‑week low at $410.59
• Negative Sentiment: An employee filed a lawsuit alleging a manager called her a “DEI hire,” a reputational/legal overhang that could draw further scrutiny and distraction. Employee sues Intuit alleging manager branded her a ‘DEI hire’
• Negative Sentiment: BMO lowered its price target on INTU from $810 to $624 — a downgrade in modeled upside that can weigh on investor expectations despite an “outperform” rating. Intuit price target lowered at BMO Capital Markets
• Negative Sentiment: Market commentary (Zacks) notes INTU has recently dropped more than the broader market — emphasizing downside momentum that traders may view as confirmation of the selloff. Intuit Suffers a Larger Drop Than the General Market

Analysts Set New Price Targets

INTU has been the topic of several research analyst reports. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Independent Research set a $875.00 target price on Intuit in a research note on Tuesday, November 18th. Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a research note on Wednesday, January 28th. UBS Group set a $739.00 price objective on shares of Intuit in a report on Tuesday, January 6th. Finally, Wolfe Research lowered 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 and six have given a Hold rating to the company. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $772.42.

Intuit Price Performance

Intuit stock opened at $399.31 on Thursday. Intuit Inc. has a 52-week low of $392.38 and a 52-week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm’s fifty day moving average is $593.15 and its 200 day moving average is $649.61. The company has a market cap of $111.12 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.72 and a beta of 1.24.

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

Intuit Dividend Announcement

The business also recently announced 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 of this dividend was Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. Intuit’s payout ratio is currently 32.81%.

Intuit Company 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.