State of Alaska Department of Revenue Lowers Stake in Intuit Inc. $INTU

13 Apr 2026, 07:34 by Scott Moore · The Cerbat Gem

State of Alaska Department of Revenue lessened its stake in Intuit Inc. (NASDAQ:INTU – Free Report) by 6.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,737 shares of the software maker’s stock after selling 2,315 shares during the quarter. State of Alaska Department of Revenue’s holdings in Intuit were worth $22,347,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of INTU. MTM Investment Management LLC lifted its holdings in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after buying an additional 27 shares in the last quarter. Total Investment Management Inc. purchased a new position in shares of Intuit in the second quarter worth $33,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Intuit in the third quarter worth $33,000. Richardson Financial Services Inc. lifted its holdings in shares of Intuit by 70.0% in the third quarter. Richardson Financial Services Inc. now owns 51 shares of the software maker’s stock worth $35,000 after buying an additional 21 shares in the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in shares of Intuit in the third quarter worth $36,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.49% of the stock is currently owned by company insiders.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

Positive Sentiment: FedNow certification strengthens Intuit’s product moat for SMBs by enabling instant payments and faster cash flow on QuickBooks and related products—this could deepen bank partnerships and improve customer stickiness. Intuit Completes FedNow® Service Certification
Positive Sentiment: Street support and fundamentals: multiple analysts still rate INTU overweight/buy and median price targets remain well above current levels; recent quarterly results showed revenue and EPS beats, which underpins the longer‑term growth case. QuiverQuant: INTU opinions
Neutral Sentiment: Valuation is being reassessed: after the sharp pullback INTU now trades at much lower multiples versus recent highs, prompting buy/hold/sell debates — some see a discounted entry, others want more clarity on AI impact into the tax season. Intuit Stock Trades at a Discount
Negative Sentiment: AI‑related competitive fears: launch of Anthropic’s Managed Agents and advances from other AI providers have sparked concerns that autonomous agents could displace seat‑based SaaS revenue (TurboTax, QuickBooks seat/licensing models), triggering a sectorwide selloff that hit INTU hard. Anthropic model shocks software stocks
Negative Sentiment: Price action and flows: shares have fallen to multi‑year/52‑week lows on heavy volume, accompanied by notable insider sales and large institutional reductions at some firms—heightening technical and sentiment pressure. Intuit hits 52-week low
Negative Sentiment: Analyst/pricing resets: a handful of models and fair‑value estimates have been trimmed as analysts incorporate AI risk and near‑term tax‑season uncertainty, which could limit near‑term upside despite intact long‑term fundamentals. Narrative shifting with AI risks

Analysts Set New Price Targets

Several equities analysts have recently commented on INTU shares. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Saturday. Mizuho reduced their price target on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. The Goldman Sachs Group cut their price objective on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Royal Bank Of Canada cut their price objective on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, Scotiabank set a $575.00 price objective on shares of Intuit in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $638.06.

Get Our Latest Stock Analysis on INTU

Intuit Stock Performance

NASDAQ INTU opened at $350.94 on Monday. The company’s 50-day moving average price is $422.30 and its 200-day moving average price is $565.27. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock has a market cap of $97.05 billion, a PE ratio of 22.73, a PEG ratio of 1.41 and a beta of 1.21. Intuit Inc. has a 12 month low of $342.11 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior 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 year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. Intuit’s dividend payout ratio is 31.09%.

Intuit Profile

(Free Report)

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.