Engineers Gate Manager LP Buys 18,688 Shares of Intuit Inc. $INTU

Posted by George Bondi on Sep 12th, 2026

Engineers Gate Manager LP boosted its position in Intuit Inc. (NASDAQ:INTU – Free Report) by 2,259.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 19,515 shares of the software maker’s stock after purchasing an additional 18,688 shares during the period. Engineers Gate Manager LP’s holdings in Intuit were worth $5,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of INTU. Fiduciary Financial Advisors bought a new stake in shares of Intuit in the second quarter valued at $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Intuit during the 4th quarter worth $25,000. Osbon Capital Management LLC purchased a new stake in Intuit in the 2nd quarter worth about $26,000. MidFirst Bank purchased a new stake in Intuit in the 2nd quarter worth about $28,000. Finally, HHM Wealth Advisors LLC raised its stake in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Trading Up 2.8%

Shares of Intuit stock opened at $321.57 on Friday. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $705.08. The company has a market cap of $85.94 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 0.89 and a beta of 0.98. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $320.93 and its 200-day moving average price is $352.07.

Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. Intuit’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities analysts expect that Intuit Inc. will post 23.49 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. Intuit’s dividend payout ratio (DPR) is presently 29.09%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $385 price target, implying meaningful upside from recent trading levels. The endorsement supports the view that Intuit’s valuation does not fully reflect its long-term growth opportunities.
Positive Sentiment: Intuit’s CFO outlined plans to build an “end-to-end consumer platform” spanning tax, personal finance, credit and other financial-management services. Greater integration across TurboTax, Credit Karma and related products could increase customer engagement, cross-selling and recurring revenue. Intuit CFO outlines consumer platform strategy
Positive Sentiment: A review of Intuit’s latest quarterly results highlighted its earnings beat and double-digit revenue growth, reinforcing the company’s strong fundamental performance relative to parts of the finance and human-resources software sector. Intuit Q2 earnings review
Neutral Sentiment: Director Richard Dalzell sold 285 shares worth approximately $92,728 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his ownership by 2.41%, but its planned nature limits its value as a signal about management’s current outlook. Intuit insider transaction filing
Negative Sentiment: A tax-policy analysis criticized Intuit for reportedly paying no federal corporate income tax, potentially renewing reputational and regulatory concerns surrounding TurboTax and the tax-preparation industry. The report is unlikely to affect near-term earnings but may add headline risk. ITEP analysis of Intuit’s federal taxes

Analyst Ratings Changes

INTU has been the topic of several recent research reports. Wolfe Research downgraded shares of Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. The Goldman Sachs Group boosted their price target on shares of Intuit from $276.00 to $304.00 and gave the company a “sell” rating in a research report on Wednesday, August 26th. Oppenheimer dropped their price target on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. Stifel Nicolaus set a $300.00 price objective on shares of Intuit in a report on Wednesday, August 26th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Intuit in a research note on Wednesday, August 26th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Hold” and an average target price of $430.97.

View Our Latest Report on INTU

Insiders Place Their Bets

In related news, CAO Lauren D. Hotz sold 907 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,760 shares of company stock valued at $561,683 over the last 90 days. Company insiders own 2.49% of the company’s stock.

About Intuit

(Free Report)

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.