Comerica Bank Reduces Position in Intuit Inc. $INTU

Key Points

• Comerica Bank trimmed its stake in Intuit by 3.3% in Q4, selling 3,058 shares and holding 89,153 shares worth about $59.06 million at the end of the period.
• Institutional activity is mixed: large managers like Vanguard, State Street and Invesco added to positions (institutional ownership ~83.66%), but short interest rose to roughly 9.42M shares (~3.5%) and notable insider/institutional selling could amplify near-term volatility.
• Fundamentals and sentiment remain supportive—Intuit beat recent quarterly EPS ($4.15 vs. $3.68) and revenue estimates, provided upbeat guidance, and benefits from AI integrations and constructive analyst coverage (consensus "Moderate Buy" with a ~$636.10 price target), though the stock has pulled back from its 52-week high.

Comerica Bank lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,153 shares of the software maker's stock after selling 3,058 shares during the period. Comerica Bank's holdings in Intuit were worth $59,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Intuit by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker's stock valued at $19,156,152,000 after acquiring an additional 296,448 shares in the last quarter. State Street Corp raised its stake in shares of Intuit by 1.2% during the third quarter. State Street Corp now owns 12,882,779 shares of the software maker's stock valued at $8,797,779,000 after acquiring an additional 158,456 shares in the last quarter. Invesco Ltd. raised its stake in shares of Intuit by 7.8% during the third quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker's stock valued at $2,565,810,000 after acquiring an additional 271,407 shares in the last quarter. Northern Trust Corp raised its stake in shares of Intuit by 4.8% during the third quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker's stock valued at $2,356,040,000 after acquiring an additional 158,843 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Intuit by 183.8% during the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker's stock valued at $1,365,640,000 after acquiring an additional 1,295,199 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Anthropic added connectors that integrate Claude with consumer apps including TurboTax and Credit Karma, increasing Intuit’s exposure to new conversational-AI distribution channels and potential user engagement. Anthropic Turns Claude Into a Front Door for Daily Apps
• Positive Sentiment: Media pieces highlighting Intuit as an AI play (combining AI with human intelligence) are keeping investor interest elevated, reinforcing the narrative that Intuit can monetize AI across QuickBooks, TurboTax and Credit Karma. Intuit Inc. (INTU): Combining AI With Human Intelligence
• Positive Sentiment: Broker/analyst coverage remains constructive (multiple buy/outperform ratings and a median price target near $600), which supports upside expectations versus current levels. Intuit shares slide as investors weigh AI-driven disruption risks and tax-season exposure
• Positive Sentiment: Recommendations to buy gig-economy beneficiaries include INTU, highlighting secular demand drivers from small businesses and freelancers that use QuickBooks. Must-Buy Stocks to Take Advantage of the Gig Economy's Popularity
• Neutral Sentiment: Analysts expect a modest EPS uplift in the upcoming Q3 FY2026 report; upcoming earnings are a near-term catalyst that could swing sentiment. What to Expect From Intuit’s Q3 2026 Earnings Report
• Neutral Sentiment: General investor interest articles and listicles are increasing visibility but don’t change fundamentals by themselves. 15 AI Stocks That Could Break the Trillion Dollar Barrier
• Negative Sentiment: Short interest jumped in April to roughly 9.42M shares (about 3.5% of shares), raising downside pressure and signaling some hedge/prop bets against the name; a higher short base can amplify volatility.
• Negative Sentiment: Recent headlines and analysis tying Intuit to AI-disruption risk and tax-season concentration pressured the stock in recent sessions; several articles covered a multi-percent pullback and valuation re-ratings. Intuit shares fall 6.21% despite steady growth outlook
• Negative Sentiment: Large reported insider and institutional selling activity (notable position reductions at some asset managers and multiple insider sales) is a watch item for sentiment and near-term selling pressure. Intuit shares slide as investors weigh AI-driven disruption risks and tax-season exposure

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $395.95 on Monday. The company has a market capitalization of $109.50 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21. Intuit Inc. has a 52 week low of $342.11 and a 52 week high of $813.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $414.36 and a 200 day moving average of $544.90.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. Intuit's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, sell-side analysts predict that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. Intuit's payout ratio is 31.09%.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction that occurred on 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 transaction, the director owned 13,253 shares of the company's stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on INTU shares. Rothschild & Co Redburn raised shares of Intuit from a "neutral" rating to a "buy" rating and lifted their price target for the company from $670.00 to $700.00 in a research note on Tuesday, March 10th. Wells Fargo & Company decreased their price target on shares of Intuit from $700.00 to $425.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 24th. Citigroup decreased their price target on shares of Intuit from $803.00 to $649.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Barclays reaffirmed an "overweight" rating and set a $540.00 price target on shares of Intuit in a research note on Monday, March 16th. Finally, BMO Capital Markets decreased their price target on shares of Intuit from $624.00 to $550.00 and set an "outperform" rating for the company in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $636.10.

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.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.