Intuit Inc. $INTU Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its stake in shares of Intuit Inc. (NASDAQ:INTU) by 83.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 445 shares of the software maker’s stock after selling 2,260 shares during the quarter. CenterBook Partners LP’s holdings in Intuit were worth $304,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of INTU. NEOS Investment Management LLC increased its holdings in Intuit by 63.8% in the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after acquiring an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co grew its position in shares of Intuit by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock valued at $30,771,000 after purchasing an additional 3,600 shares during the period. Nicholson Wealth Management Group LLC acquired a new position in shares of Intuit during the 3rd quarter worth about $1,465,000. Hantz Financial Services Inc. lifted its stake in Intuit by 50.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock valued at $21,765,000 after buying an additional 10,661 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Intuit by 11.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,211 shares of the software maker’s stock valued at $99,166,000 after buying an additional 15,471 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 0.3%

Shares of NASDAQ INTU opened at $380.55 on Monday. The company has a market capitalization of $105.90 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.55 and a beta of 1.24. 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 50 day simple moving average of $554.54 and a 200-day simple moving average of $628.97. Intuit Inc. has a 1 year low of $375.40 and a 1 year high of $813.70.

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. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the business posted $2.50 earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on INTU shares. Jefferies Financial Group set a $650.00 price objective on Intuit in a research note on Sunday. Weiss Ratings downgraded Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. UBS Group set a $739.00 price objective on Intuit in a report on Tuesday, January 6th. Independent Research set a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. Finally, KeyCorp reduced their target price on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Twenty-two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $761.27.

Insiders Place Their Bets

In related news, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the sale, the director directly owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 388,464 shares of company stock valued at $255,514,393 over the last 90 days. Company insiders own 2.49% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Launched a consumer-facing TurboTax/Uber push — Intuit rolled out a campaign with Uber Advertising to connect taxpayers with in-person help and introduced a “done-for-you” TurboTax experience that pairs AI and human experts, which should help user acquisition and engagement for tax season. Intuit Inc. (INTU) Launched a New Campaign with Uber Advertising
• Positive Sentiment: Product expansion into construction via AI-driven ERP — Intuit launched a Construction Edition for its Enterprise Suite aimed at the $2T construction market, signaling meaningful TAM expansion and enterprise monetization potential. Intuit Targets $2 Trillion Construction Market With New AI Suite
• Positive Sentiment: Street support from a major analyst — Morgan Stanley’s Keith Weiss reiterated a Buy and kept an $880 price target, reinforcing a bullish long-term thesis around Intuit’s tax moat and policy/AI tailwinds. Intuit (INTU): Durable Tax Moat, Mispriced AI Risk…
• Positive Sentiment: Opinion pieces pushing back on AI panic — Commentary arguing that AI fears have been overblown may limit further downside as investors reassess long-term revenue resilience. Intuit’s $100B Panic: Premature AI Death Call
• Neutral Sentiment: Sector context — A rally in some beaten-down software names after encouraging AI commentary (e.g., RingCentral, Five9) provides an industry tailwind that could help sentiment for INTU. Beaten-down software stocks RingCentral and Five9 rally…
• Neutral Sentiment: Earnings calendar focus — Intuit is slated to report next week; previews and scheduled reports keep the name in flux as traders position into the print. Intuit (INTU) Projected to Post Earnings on Thursday
• Neutral Sentiment: Recent price action noted by market commentary — coverage pointing to short-term gains in prior sessions; useful context but not a driver by itself. Intuit (INTU) Laps the Stock Market: Here’s Why
• Negative Sentiment: Earnings-beat skepticism — One preview noted Intuit may lack the ideal setup to deliver an earnings beat next week, which can fuel short-term selling if results or guidance disappoint. Intuit (INTU) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Reported rise in short-interest (data appeared inconsistent) — Notes of increased short interest can amplify volatility; even if the published figures were noisy, perception of growing bearish bets can pressure the stock.

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.