Cibc World Market Inc. Trims Holdings in Intuit Inc. $INTU

Cibc World Market Inc. reduced its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 69.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,966 shares of the software maker’s stock after selling 36,755 shares during the period. Cibc World Market Inc.’s holdings in Intuit were worth $10,903,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tortoise Investment Management LLC boosted its position 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. raised its stake in Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares during the last quarter. Sagard Holdings Management Inc. bought a new stake in Intuit in the second quarter worth $28,000. True Wealth Design LLC grew its stake in shares of Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares during the last quarter. Finally, LGT Financial Advisors LLC bought a new position in shares of Intuit during the second quarter valued at $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on INTU. Wells Fargo & Company reiterated an “equal weight” rating and issued a $700.00 price target (down previously from $840.00) on shares of Intuit in a research note on Thursday, January 8th. Wolfe Research dropped their target price on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Independent Research set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Evercore reaffirmed an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. Twenty-two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $772.42.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction dated 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 owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 388,464 shares of company stock worth $255,514,393. Company insiders own 2.49% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched a new AI-powered “Construction Edition” for its Intuit Enterprise Suite aimed at mid-sized construction firms — a targeted vertical push that could expand enterprise bookings and stickier ARR. Article Title Article Title
• Positive Sentiment: Industry commentary argues Intuit is well-positioned to survive the so‑called “SaaS‑pocalypse,” supporting a longer-term bull case on durable subscription cash flows and AI-driven product differentiation. Article Title
• Neutral Sentiment: BMO Capital kept an Outperform rating on INTU but reduced its price target significantly (reported coverage and commentary); the maintained rating is supportive, but the lower target signals tempered near‑term upside expectations. Article Title
• Neutral Sentiment: Several market pieces (Zacks, Motley Fool) debate whether Intuit is a buying opportunity or overhyped — useful context for sentiment-driven flows but not immediate catalysts. Article Title Article Title
• Neutral Sentiment: Short‑interest data feeds show anomalous “0 shares / NaN” values for February — likely a reporting/data error rather than a real change in short positioning, but noisy headlines can stoke volatility.
• Negative Sentiment: Unusual options activity: traders bought ~184k put contracts in a single session (a very large spike vs. average), indicating elevated bearish hedging/speculation that can pressure the stock via sentiment and gamma trading dynamics.
• Negative Sentiment: Analyst downgrades and lower price targets have coincided with Intuit sliding to a new 52‑week low in recent sessions — explicit near‑term negative catalyst that likely amplified selling pressure. Article Title Article Title
• Negative Sentiment: Legal/headline risk: an employee lawsuit alleging discriminatory labeling over DEI hiring adds reputational and potential legal risk that can weigh on sentiment if it escalates. Article Title

Intuit Trading Up 0.4%

Shares of NASDAQ:INTU opened at $399.40 on Friday. The stock’s 50-day simple moving average is $582.36 and its two-hundred day simple moving average is $645.09. The stock has a market capitalization of $111.14 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.63 and a beta of 1.24. Intuit Inc. has a 52-week low of $389.32 and a 52-week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.25. The firm had revenue of $3.87 billion for 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 business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors 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 annualized dividend and a yield of 1.2%. Intuit’s payout ratio is 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.