Intuit Inc. $INTU Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lowered its holdings in Intuit Inc. (NASDAQ:INTU) by 71.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,711 shares of the software maker’s stock after selling 168,249 shares during the quarter. Bank of Nova Scotia’s holdings in Intuit were worth $45,558,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of INTU. Tortoise Investment Management LLC increased its position in shares of Intuit by 540.0% during 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 during the last quarter. Sagard Holdings Management Inc. acquired a new position in Intuit in the second quarter valued at about $28,000. Total Investment Management Inc. purchased a new position in Intuit during the second quarter worth about $33,000. Kilter Group LLC purchased a new position in Intuit during the second quarter worth about $35,000. Finally, MTM Investment Management LLC increased its position 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 acquiring an additional 27 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Multi‑year partnership with Anthropic to build AI financial agents strengthens Intuit’s AI product roadmap and long‑term revenue opportunity, supporting buy‑side interest. Read More.
• Positive Sentiment: Rothschild & Co Redburn upgraded Intuit, providing fresh analyst support that can anchor the stock amid recent weakness. Read More.
• Neutral Sentiment: Company announced a quarterly dividend (ex‑dividend April 9), a steady capital‑return sign but modest yield—likely a neutral to mild positive for income‑focused investors. Read More.
• Neutral Sentiment: Analyses and valuation pieces note a multi‑month share selloff and re‑rating debate—keeps the stock in focus but produces mixed signals for timing. Read More.
• Negative Sentiment: Management’s Q3 profit guidance came in below Wall Street estimates after the Feb. 26 earnings release; that guidance miss triggered a post‑earnings pullback and remains a key near‑term risk. Read More.
• Negative Sentiment: Director Richard L. Dalzell sold 333 shares (~$440 avg) recently, reducing his stake modestly; while small in size, insider sales can be read negatively in a down tape. Read More.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of research analyst reports. Evercore reissued an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Wells Fargo & Company dropped their target price on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a report on Tuesday, February 24th. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Jefferies Financial Group set a $650.00 price target on Intuit in a research note on Sunday, February 22nd. Finally, Argus lowered their price target on Intuit from $780.00 to $580.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $634.26.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer owned 536 shares in the company, 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. In the last ninety days, insiders have sold 120,501 shares of company stock valued at $79,983,892. 2.49% of the stock is currently owned by company insiders.

Intuit Trading Up 1.1%

Shares of INTU stock opened at $439.96 on Monday. Intuit Inc. has a fifty-two week low of $349.00 and a fifty-two week high of $813.70. The company has a 50 day moving average price of $482.31 and a 200 day moving average price of $599.82. The stock has a market capitalization of $121.67 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the business earned $3.32 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. 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 predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

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

About Intuit

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.