Intuit Shares Sold by Nicholas Hoffman & Company LLC

Institutional investor reduces stake in software company

Mar. 3, 2026 at 7:55am

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Nicholas Hoffman & Company LLC, a financial services firm, has reduced its stake in Intuit Inc. (NASDAQ:INTU) by 73.7% during the third quarter, according to a recent SEC filing. The firm now owns 172,752 shares of the software maker's stock, down from 657,460 shares previously.

Why it matters

Intuit is a major player in the financial software industry, providing popular products like QuickBooks, TurboTax, and Mint. Changes in institutional ownership of the stock can signal shifts in market sentiment and investor confidence in the company's performance.

The details

According to the filing, Nicholas Hoffman & Company LLC sold 484,708 shares of Intuit during the third quarter. The firm now owns approximately 0.06% of Intuit's outstanding shares, valued at around $117.9 million. The reduction in stake comes as Intuit's stock price has faced volatility in recent months, with the share price declining from a high of $813.70 to the current level around $409.

  • The share sale occurred during the third quarter of the company's fiscal year.

The players

Nicholas Hoffman & Company LLC

A financial services firm that previously held a significant stake in Intuit Inc.

Intuit Inc.

A financial software company known for products like QuickBooks, TurboTax, and Mint.

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The takeaway

The reduction in ownership by Nicholas Hoffman & Company LLC could signal broader concerns about Intuit's stock performance, though the company remains a major player in the financial software industry. Investors will likely continue to monitor Intuit's financial results and market position in the coming quarters.