Intuit Inc. $INTU Position Raised by Bank of Montreal Can

Bank of Montreal Can boosted its position in Intuit Inc. (NASDAQ:INTU) by 20.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 303,554 shares of the software maker’s stock after purchasing an additional 50,505 shares during the quarter. Bank of Montreal Can owned about 0.11% of Intuit worth $207,300,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its position in Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after acquiring an additional 27 shares during the period. Sagard Holdings Management Inc. acquired a new position in shares of Intuit during the second quarter valued at $28,000. MTM Investment Management LLC raised its stake in shares of Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Total Investment Management Inc. bought a new stake in shares of Intuit during the second quarter valued at about $33,000. Finally, Kilter Group LLC acquired a new stake in Intuit in the second quarter worth about $35,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Down 4.2%

INTU stock opened at $453.95 on Wednesday. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70. The firm has a market cap of $125.54 billion, a PE ratio of 29.40, a P/E/G ratio of 1.90 and a beta of 1.27. The firm has a 50 day simple moving average of $495.09 and a 200 day simple moving average of $604.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. The firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 9th. Intuit’s payout ratio is presently 31.09%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INTU. Mizuho reduced their price target on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. UBS Group lowered their price objective on shares of Intuit from $725.00 to $440.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Barclays dropped their target price on Intuit from $785.00 to $540.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Royal Bank Of Canada cut their target price on Intuit from $850.00 to $600.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Northcoast Research raised Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price target for the company in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $643.29.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the sale, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 120,168 shares of company stock valued at $79,899,156 over the last ninety days. 2.49% of the stock is currently owned by company insiders.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Rothschild & Co Redburn upgraded INTU from Neutral to Buy and raised its price target to $700, signaling renewed confidence in the company’s resilience to AI disruption — a bullish signal for investor sentiment. Redburn upgrade
• Positive Sentiment: Intuit announced a partnership with Anthropic to deploy custom AI agents (Claude Agent SDK) to automate financial workflows — reinforces the company’s AI adoption story and potential product differentiation. Anthropic partnership
• Positive Sentiment: Short interest fell ~19.5% in February to about 6.69M shares (2.5% of float) and days-to-cover is low (~1.3), reducing the risk of a large short-squeeze dynamic and suggesting fewer bearish bets. (Data entry summarizing short interest)
• Positive Sentiment: Additional analyst support: Northcoast Research and other outlets have recently upgraded or featured Intuit, adding to constructive coverage momentum. Northcoast upgrade
• Neutral Sentiment: Coverage pieces highlighting Intuit’s long-term performance and inclusion in “software pick” lists may attract longer-term investors but are unlikely to move near-term price materially. Seeking Alpha picks 10-year returns
• Neutral Sentiment: Media features and screen highlights (e.g., Zacks) can raise visibility but are unlikely to change fundamentals immediately. Zacks highlight
• Negative Sentiment: Investors have reacted to Intuit’s tax-season quarter guidance and planned ramp in marketing/support spend, viewing near-term profitability as potentially pressured — a cited reason for intraday weakness. QuiverQuant analysis
• Negative Sentiment: Several brokers have trimmed price targets (examples: Truist cut its target to $500 from $739; other Street targets clustered lower), which increases downward valuation pressure even when ratings remain Buy. Truist PT cut Investment story shifting
• Negative Sentiment: Notable insider selling disclosed in recent data summaries has caught attention; while not proof of fundamental decline, heavy insider disposals can weigh on sentiment. (QuiverQuant insider activity summary)

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.