Intuit Inc. $INTU Shares Purchased by MAI Capital Management

MAI Capital Management raised its position in Intuit Inc. (NASDAQ:INTU) by 10.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,890 shares of the software maker’s stock after buying an additional 1,625 shares during the period. MAI Capital Management’s holdings in Intuit were worth $11,535,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of INTU. Tortoise Investment Management LLC increased its stake 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 valued at $25,000 after purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. boosted its position in Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares in the last quarter. Sagard Holdings Management Inc. acquired a new stake in Intuit in the second quarter valued at approximately $28,000. True Wealth Design LLC increased its position 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 valued at $29,000 after buying an additional 27 shares in the last quarter. Finally, MTM Investment Management LLC raised its stake in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INTU. The Goldman Sachs Group began coverage on shares of Intuit in a report on Monday, January 12th. They issued a “neutral” rating and a $720.00 price target for the company. 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 report on Monday, December 15th. KeyCorp reduced their price target 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. Barclays decreased their price target on shares of Intuit from $785.00 to $540.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Weiss Ratings lowered Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. Twenty-two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $726.18.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Announced a multi‑year partnership with Anthropic to build customizable AI agents for QuickBooks/TurboTax and to surface Intuit’s financial models inside Anthropic products — this reassures investors that Intuit is leaning into AI as a capability enhancer (boost to product moat and revenue optionality). Read More.
• Positive Sentiment: Analyst reaction: William Blair and other voices highlighted the Anthropic tie as strengthening Intuit’s AI roadmap and competitive moat, helping underpin buy ratings and bullish commentary. Read More.
• Neutral Sentiment: Upcoming earnings: Intuit is set to report soon; previews expect continued double‑digit revenue growth across QuickBooks, TurboTax and Credit Karma, but results/outlook will be a key near‑term catalyst. Read More.
• Neutral Sentiment: Sector context: software names remain under pressure as investors sort winners vs. losers in the AI cycle — this creates volatility but also narrative support for well‑positioned names like Intuit. Read More.
• Negative Sentiment: Analyst downside pressure: Wells Fargo trimmed its price target sharply (from $700 to $425) and other firms issued cautious forecasts — these downgrades increase near‑term selling risk despite the Anthropic news. Read More.
• Negative Sentiment: Short interest jumped ~40% month‑over‑month to ~8.3M shares (~3.1% of float), raising the potential for continued downward pressure or volatility if sentiment reverses — days‑to‑cover remains modest (~1.7 days), so squeezes are possible but limited.
• Negative Sentiment: Shares recently hit a 52‑week low amid the sector selloff, reflecting persistent investor anxiety that could limit upside until earnings and early Anthropic integrations show traction. Read More.

Intuit Stock Up 6.3%

Shares of NASDAQ INTU opened at $381.23 on Thursday. The stock has a market cap of $106.08 billion, a PE ratio of 26.06, a P/E/G ratio of 1.47 and a beta of 1.24. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12-month low of $349.00 and a 12-month high of $813.70. The company has a 50-day moving average of $536.83 and a 200 day moving average of $621.70.

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.