Short Interest in Intuit Inc. (NASDAQ:INTU) Expands By 36.7%

Key Points

• Short interest rose 36.7% — short interest climbed to 9,419,775 shares as of April 15 (about 3.5% of shares shorted) with a days-to-cover ratio of 2.5 days.
• Intuit beat quarterly estimates, reporting $4.15 EPS versus $3.68 expected and $4.65B revenue (up 17.4% YoY), and set Q3 and FY2026 EPS guidance of 12.450–12.510 and 22.980–23.180 respectively.

Intuit Inc. (NASDAQ:INTU - Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 9,419,775 shares, an increase of 36.7% from the March 31st total of 6,892,270 shares. Based on an average daily volume of 3,837,850 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.5% of the shares of the company are short sold.

Intuit Price Performance

Shares of INTU traded up $10.50 during trading hours on Tuesday, reaching $400.42. The company had a trading volume of 2,224,231 shares, compared to its average volume of 3,300,637. The firm has a 50 day simple moving average of $414.59 and a 200-day simple moving average of $541.41. 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 company has a market capitalization of $110.73 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 1.57 and a beta of 1.21. Intuit has a 12-month low of $342.11 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.68 by $0.47. The business 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%. The business's revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Research analysts expect that Intuit will post 17.44 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 9th. Intuit's dividend payout ratio (DPR) is currently 31.09%.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction 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 sale, the director owned 13,253 shares in the company, valued at $5,836,621.20. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuit

A number of large investors have recently added to or reduced their stakes in INTU. NEOS Investment Management LLC raised its position in shares of Intuit by 63.8% in the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker's stock valued at $82,984,000 after buying an additional 47,330 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its position in Intuit by 8.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker's stock worth $30,771,000 after acquiring an additional 3,600 shares during the last quarter. Nicholson Wealth Management Group LLC purchased a new stake in Intuit in the 3rd quarter worth approximately $1,465,000. Crossmark Global Holdings Inc. grew its stake in Intuit by 15.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker's stock worth $32,526,000 after acquiring an additional 6,503 shares during the period. Finally, Magellan Asset Management Ltd raised its holdings in Intuit by 8.4% in the 3rd quarter. Magellan Asset Management Ltd now owns 285,052 shares of the software maker's stock valued at $194,665,000 after acquiring an additional 22,051 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Susquehanna reduced their target price on shares of Intuit from $819.00 to $720.00 and set a "positive" rating for the company in a research note on Tuesday, February 24th. BMO Capital Markets lowered their target price on shares of Intuit from $624.00 to $550.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. BNP Paribas Exane raised shares of Intuit from an "underperform" rating to a "neutral" rating and set a $463.00 target price on the stock in a report on Monday, March 16th. JPMorgan Chase & Co. lowered their target price on shares of Intuit from $750.00 to $605.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Intuit from $850.00 to $600.00 and set a "buy" rating on the stock in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $636.10.

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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