Bartlett & CO. Wealth Management LLC Boosts Stake in Intuit Inc. $INTU

Key Points

• Bartlett & CO. Wealth Management LLC raised its stake in Intuit by 10.5% in Q4 to 145,542 shares (worth $96.41M), making INTU about 1.3% of the firm’s holdings; overall hedge funds and institutions own roughly 83.66% of the stock.
• Strong quarterly results: Intuit beat estimates with $4.15 EPS (vs. $3.68) and $4.65B revenue (up 17.4% YoY), provided FY/FY3 2026 guidance, and carries a MarketBeat consensus rating of "Moderate Buy" with a $638.06 target.
• Shares are under pressure—hitting multi‑year/52‑week lows—due to AI‑related competitive fears, insider sales and analyst price‑target cuts, though the company announced a $1.20 quarterly dividend (≈1.4% yield).

Bartlett & CO. Wealth Management LLC increased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 10.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 145,542 shares of the software maker's stock after purchasing an additional 13,784 shares during the period. Intuit accounts for about 1.3% of Bartlett & CO. Wealth Management LLC's holdings, making the stock its 22nd biggest holding. Bartlett & CO. Wealth Management LLC owned 0.05% of Intuit worth $96,410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Premier Path Wealth Partners LLC lifted its holdings in shares of Intuit by 5.0% in the 4th quarter. Premier Path Wealth Partners LLC now owns 2,378 shares of the software maker's stock valued at $1,575,000 after purchasing an additional 114 shares during the last quarter. Spirepoint Private Client LLC purchased a new stake in shares of Intuit in the 4th quarter valued at about $206,000. Trilogy Capital Inc. lifted its holdings in shares of Intuit by 13.2% in the 4th quarter. Trilogy Capital Inc. now owns 369 shares of the software maker's stock valued at $244,000 after purchasing an additional 43 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of Intuit by 11.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 63,122 shares of the software maker's stock valued at $41,813,000 after purchasing an additional 6,453 shares during the last quarter. Finally, True North Advisors LLC lifted its holdings in shares of Intuit by 11.9% in the 4th quarter. True North Advisors LLC now owns 668 shares of the software maker's stock valued at $443,000 after purchasing an additional 71 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

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

Wall Street Analyst Weigh In

INTU has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on Intuit from $800.00 to $500.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Wells Fargo & Company reduced their price objective on Intuit from $700.00 to $425.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 24th. Mizuho reduced their price objective on Intuit from $675.00 to $600.00 and set an "outperform" rating for the company in a research note on Monday, March 2nd. Susquehanna reduced their price objective on Intuit from $819.00 to $720.00 and set a "positive" rating for the company in a research note on Tuesday, February 24th. Finally, Royal Bank Of Canada reduced their price objective on Intuit from $850.00 to $600.00 and set an "outperform" rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $638.06.

Intuit Stock Performance

INTU opened at $350.94 on Friday. The stock has a market cap of $97.05 billion, a P/E ratio of 22.73, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The stock's 50 day simple moving average is $422.30 and its 200 day simple moving average is $567.10. Intuit Inc. has a 1-year low of $342.11 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating 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 return on equity of 24.23% and a net margin of 21.57%.Intuit's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, April 9th. Intuit's dividend payout ratio is 31.09%.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.49% of the company's 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.

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