Meridiem Capital Partners LP Invests $24.58 Million in Intuit Inc. $INTU

Key Points

• Meridiem Capital Partners bought 35,987 shares of Intuit in Q3 (~$24.58 million), making INTU about 1.6% of its holdings and the firm's 24th-largest position, while institutional investors own roughly 83.66% of the company.
• Intuit beat Q4 EPS and revenue and launched a multi‑year AI partnership with Anthropic to accelerate product differentiation, but weaker near‑term guidance and recent insider sales have dented investor sentiment.

Meridiem Capital Partners LP bought a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,987 shares of the software maker's stock, valued at approximately $24,576,000. Intuit makes up approximately 1.6% of Meridiem Capital Partners LP's holdings, making the stock its 24th biggest position.

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

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q4 results and relative outperformance: Intuit posted strong Q4 results versus peers (beat on EPS and revenue), which supports the company’s long-term cash flow profile and valuation case. Q4 Earnings Outperformers
• Positive Sentiment: Strategic AI partnership: Intuit and Anthropic launched a multi‑year deal to build AI financial agents, which could accelerate product differentiation, higher ARPU and future growth if adoption scales. Intuit, Anthropic Partner to Launch AI Financial Agents
• Positive Sentiment: Analyst support: Rothschild & Co Redburn upgraded Intuit, a move that can help stabilize investor sentiment and reduce downside pressure from shorter-term technical selling. Stock Rating Upgraded by Rothschild & Co Redburn
• Positive Sentiment: Noted bullish commentary: Prominent market voices (e.g., Jim Cramer) reiterated conviction in Intuit’s longer-term trajectory, which can bolster retail demand. Jim Cramer on Intuit
• Neutral Sentiment: Valuation and trend reviews: Several outlets published valuation and “buy/sell/hold” pieces after the share-price pullback; these provide frameworks but have produced mixed conclusions, keeping investor views divided. Assessing Intuit Valuation
• Neutral Sentiment: Increased attention/trending interest: Intuit is a trending ticker on several platforms, which can amplify volatility but doesn’t by itself change fundamentals. Trending Stock Coverage
• Negative Sentiment: Weaker near‑term guidance dented sentiment: Management’s Q3 guidance came in below Street expectations, prompting a selloff and a reassessment of near‑term profit growth. That guidance miss is the primary driver of recent downside. Investor Sentiment Shifts After Weak Guidance
• Negative Sentiment: Insider sales: A director sold shares in recent filings (two small tranches disclosed), which some investors view as a negative signal even though sizes are modest versus holdings. SEC Form 4 Director Sales
• Negative Sentiment: Structural/technical concerns flagged: Several analysts/commentators highlight extended technical weakness and structural risks after a large multi‑month decline, which could prolong pressure unless fundamentals accelerate. Intuit Stock Faces Structural Trouble

Insider Transactions at Intuit

In other news, Director Scott D. Cook sold 1,402 shares of the business's stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the sale, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandeep Aujla sold 1,335 shares of the firm's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer owned 536 shares in the company, valued at $337,390.56. The trade was a 71.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 120,501 shares of company stock worth $79,983,892 in the last three months. 2.49% of the stock is currently owned by insiders.

Intuit Trading Up 0.8%

Shares of INTU traded up $3.57 during mid-day trading on Friday, hitting $438.70. The company had a trading volume of 275,376 shares, compared to its average volume of 4,196,811. Intuit Inc. has a 1-year low of $349.00 and a 1-year high of $813.70. The business's 50-day simple moving average is $486.10 and its 200-day simple moving average is $602.18. The stock has a market cap of $121.32 billion, a PE ratio of 28.43, a P/E/G ratio of 1.77 and a beta of 1.26. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping the consensus estimate of $3.68 by $0.47. The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates 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 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. Sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.1%. Intuit's dividend payout ratio (DPR) is presently 31.09%.

Analyst Ratings Changes

A number of brokerages have recently commented on INTU. Mizuho lowered their price target on shares of Intuit from $675.00 to $600.00 and set an "outperform" rating for the company in a report on Monday, March 2nd. Wells Fargo & Company reduced their price objective on shares of Intuit from $700.00 to $425.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 24th. BMO Capital Markets decreased their target price 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. Weiss Ratings downgraded Intuit from a "buy (b-)" rating to a "hold (c)" rating in a report on Thursday, February 5th. Finally, Oppenheimer reduced their price target on Intuit from $696.00 to $558.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Intuit presently has an average rating of "Moderate Buy" and an average price target of $634.26.

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.

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