Intuit Inc. $INTU Shares Bought by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings raised its stake in Intuit by 15.8% to 47,629 shares (worth $32.53M), while other institutions (including Norges Bank, Vanguard and Swedbank) also built positions — institutional ownership stands at 83.66%.
• Intuit beat quarterly expectations, reporting $4.15 EPS vs. $3.68 expected and $4.65B revenue (up 17.4% year‑over‑year), and issued guidance of Q3 2026 EPS 12.450–12.510 and FY2026 EPS 22.980–23.180.
• Despite heavy institutional buying, company insiders have been net sellers recently — CEO Sasan Goodarzi sold 41,000 shares (~$26.65M) and the CFO sold 1,335 shares, with insiders selling ~269,596 shares (~$178.1M) in the past 90 days and owning just 2.49% of the stock.

Crossmark Global Holdings Inc. grew its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 15.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,629 shares of the software maker's stock after buying an additional 6,503 shares during the period. Crossmark Global Holdings Inc.'s holdings in Intuit were worth $32,526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Intuit during the second quarter worth about $3,268,830,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the 1st quarter valued at about $785,564,000. Winslow Capital Management LLC purchased a new position in Intuit during the 2nd quarter worth approximately $782,677,000. Vanguard Group Inc. increased its position in Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker's stock worth $19,546,243,000 after buying an additional 914,024 shares during the period. Finally, Swedbank AB lifted its stake in Intuit by 575.4% in the third quarter. Swedbank AB now owns 881,555 shares of the software maker's stock valued at $602,023,000 after buying an additional 751,027 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Up 1.6%

Shares of NASDAQ:INTU opened at $440.14 on Thursday. Intuit Inc. has a fifty-two week low of $349.00 and a fifty-two 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's 50-day simple moving average is $511.47 and its 200-day simple moving average is $611.47. The company has a market cap of $121.72 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.76 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating 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 firm had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm earned $3.32 earnings per share. The firm's revenue was up 17.4% compared to the same quarter last year. 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 research analysts predict 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. Shareholders of record on Thursday, April 9th will be given a $1.20 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.1%. Intuit's dividend payout ratio is presently 31.09%.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of research reports. Wall Street Zen lowered shares of Intuit from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. BMO Capital Markets lowered their price objective on shares of Intuit from $624.00 to $550.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. KeyCorp dropped their price objective on shares of Intuit from $750.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 27th. JPMorgan Chase & Co. decreased their target price on shares of Intuit from $750.00 to $605.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. Finally, Daiwa Securities Group raised their price target on Intuit from $770.00 to $800.00 and gave the stock a "buy" rating in a report on Wednesday, November 26th. Twenty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $654.07.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of the company's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the sale, the chief executive officer owned 13,611 shares of the company's stock, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 269,596 shares of company stock worth $178,119,764 in the last ninety days. 2.49% of the stock is owned by insiders.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a broad partnership with Anthropic to build customizable AI agents deeply integrated into Intuit products for mid‑market businesses — aimed at automating accounting, tax and operational workflows and accelerating adoption and ARPU expansion. Intuit Anthropic AI Agents Aim To Deepen Mid Market Integration
• Positive Sentiment: Analysts/commentators arguing Intuit will survive a broader “SaaS‑pocalypse” and that recent weakness creates a buying opportunity have likely drawn investor interest, supporting a rebound as AI integration is highlighted as a competitive moat. Down 47%, Here's Why Intuit Will Survive the SaaS-Pocalypse.
• Positive Sentiment: Mendelson Consulting was named an official reseller of the Intuit Enterprise Suite, expanding go‑to‑market reach for enterprise products and creating a channel to accelerate sales to larger SMB and mid‑market customers. Mendelson Consulting Named Official Reseller of Intuit Enterprise Suite
• Neutral Sentiment: Coverage and analysis pieces (e.g., Diginomica) emphasize Intuit’s strategy of partnering with major LLM providers (OpenAI/Anthropic) rather than building everything in‑house — a strategic choice that reduces execution risk but leaves some model dependency. Living with the LLMs - how Intuit ignores the 'SaaSpocalypse'
• Neutral Sentiment: Several “buy/hold/sell” and roundup articles are discussing the Anthropic tie‑up and Intuit’s longer‑term prospects — they help visibility but are primarily commentary rather than new catalysts. As Intuit Partners with Anthropic, Should You Buy, Sell, or Hold INTU Stock?
• Negative Sentiment: Argus lowered its price target on INTU from $780 to $580 (while keeping a Buy rating). The 31.8% reduction in target trims the analyst‑driven upside and could cap some gains even as sentiment improves. Argus Adjusts Price Target on Intuit to $580 from $780; Maintains Buy

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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