State of Alaska Department of Revenue Buys 4,644 Shares of Intuit Inc. $INTU

09 Jan 2026, 10:48 by Doug Wharley · The Cerbat Gem

State of Alaska Department of Revenue grew its stake in Intuit Inc. (NASDAQ:INTU – Free Report) by 14.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,052 shares of the software maker’s stock after buying an additional 4,644 shares during the period. State of Alaska Department of Revenue’s holdings in Intuit were worth $24,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. Vanguard Group Inc. boosted its stake in shares of Intuit by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after purchasing an additional 377,657 shares during the last quarter. State Street Corp lifted its holdings in Intuit by 1.0% in the second quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock valued at $10,022,059,000 after buying an additional 125,990 shares during the period. Geode Capital Management LLC boosted its position in Intuit by 1.8% during the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock valued at $5,042,107,000 after acquiring an additional 115,721 shares during the last quarter. Norges Bank acquired a new stake in Intuit during the 2nd quarter worth about $3,268,830,000. Finally, Invesco Ltd. raised its position in shares of Intuit by 13.2% in the 2nd quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock worth $2,745,492,000 after acquiring an additional 407,078 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

Positive Sentiment: TD Cowen initiated coverage with a “buy” rating and an $802 price target (~23% upside), providing bullish institutional endorsement that can support demand and momentum. Read More.
Positive Sentiment: Truist began coverage with a “buy” and a $739 target, a second recent institutional buy-side call that bolsters the positive narrative among growth investors. Read More.
Positive Sentiment: Coverage and press on Intuit’s SMB Media Labs (CES) highlight a push into advertising/media for small businesses — a potential new revenue stream that supports longer-term growth expectations. Read More.
Neutral Sentiment: Analyst roundups and Wall Street write-ups (Zacks, 24/7 Wall St.) recap existing bullish coverage but don’t add a fresh fundamental catalyst; useful for gauging sentiment flow. Read More.
Neutral Sentiment: Intuit declared a $1.20 quarterly dividend (ex-dividend Jan. 9, payable Jan. 16) — a modest yield that supports income-oriented holders but is unlikely to materially change near-term price direction. Read More.
Negative Sentiment: CEO Sasan Goodarzi sold 41,000 shares at an average ~$650.10 (≈$26.65M) on Jan. 7, reducing his direct stake by ~75% — a large, visible insider disposition that often weighs on near-term sentiment even when sales are for personal/liquidity reasons. Read More.
Negative Sentiment: CFO Sandeep Aujla also reported a recent sale (1,335 shares), another insider reduction that can amplify investor caution. Read More.
Negative Sentiment: Wells Fargo downgraded INTU from “overweight” to “equal weight” and trimmed its price objective to $700 (from $840), removing a prior positive catalyst and signaling more cautious near-term expectations. Read More.

Insider Transactions at Intuit

In related news, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the transaction, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the sale, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Wolfe Research decreased their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Truist Financial assumed coverage on Intuit in a research report on Tuesday. They set a “buy” rating and a $739.00 target price on the stock. Evercore ISI reissued an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $850.00 price objective on shares of Intuit in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $790.00.

View Our Latest Report on Intuit

Intuit Trading Up 0.2%

NASDAQ:INTU opened at $652.75 on Friday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The firm has a 50-day moving average price of $656.76 and a two-hundred day moving average price of $692.18. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $181.64 billion, a price-to-earnings ratio of 44.62, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25.

Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the business posted $2.50 earnings per share. Intuit’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be paid a $1.20 dividend. The ex-dividend date is Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s payout ratio is presently 32.81%.

About Intuit

(Free Report)

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.