Triad Investment Management raised its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 39.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,559 shares of the software maker’s stock after buying an additional 2,421 shares during the quarter. Intuit accounts for 2.5% of Triad Investment Management’s portfolio, making the stock its 18th largest position. Triad Investment Management’s holdings in Intuit were worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Investment Management Inc. grew its position in Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after purchasing an additional 43,389 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after buying an additional 471,451 shares during the period. Vestcor Inc lifted its position in Intuit by 79.1% in the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after buying an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Intuit by 119.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after buying an additional 47,148 shares during the period. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Intuit during the 2nd quarter valued at $1,643,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.
Key Intuit News
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: An interview highlighted Intuit’s use of artificial intelligence in financial management and everyday money tools. Continued AI development could support product adoption, efficiency, and long-term growth. Kitchen table finances: Intuit on AI and everyday money management
- Neutral Sentiment: Director Richard Dalzell sold 285 Intuit shares for approximately $92,728, reducing his direct ownership by 2.41%. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan, it may be less concerning than an unexpected discretionary sale. Intuit insider transaction filing
- Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers, alleging violations of federal securities laws and seeking damages for investors. The lawsuit covers different purchase periods depending on the filing, while multiple firms promoted lead-plaintiff deadlines on September 8. The repeated announcements increase headline and potential legal-risk pressure, although the allegations have not been proven. Pomerantz Intuit class-action announcement Rosen Law Firm Intuit investor notice
- Negative Sentiment: A reported decision by Baron Durable Advantage Fund to exit Intuit during the second quarter adds evidence of institutional selling pressure, though the disclosure reflects an earlier investment decision and does not necessarily indicate a change in current fundamentals. Baron Durable Advantage Fund portfolio changes
Insiders Place Their Bets
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on INTU shares. Argus dropped their price target on shares of Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. The Goldman Sachs Group boosted their target price on Intuit from $276.00 to $304.00 and gave the company a “sell” rating in a research note on Wednesday, August 26th. Royal Bank Of Canada dropped their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Finally, Bank of America lowered Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target for the company. in a report on Wednesday, August 26th. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $434.68.
Get Our Latest Stock Report on INTU
Intuit Stock Down 1.6%
Shares of INTU stock opened at $313.94 on Thursday. The stock’s 50 day simple moving average is $319.26 and its 200 day simple moving average is $352.77. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. The company has a market capitalization of $85.88 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.91 and a beta of 0.98.
Intuit (NASDAQ:INTU – Get Free Report) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, research analysts predict that Intuit Inc. will post 23.49 EPS for the current year.
Intuit Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, October 8th. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is 29.09%.
Intuit Profile
Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.
Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.
Intuit was founded in 1983 by Scott Cook and Tom Proulx.
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