2,681 Intuit Inc. $INTU Shares Purchased by Precedent Wealth Partners LLC

Posted by Brian Himes on Oct 23rd, 2026

Precedent Wealth Partners LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 93.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,539 shares of the software maker’s stock after acquiring an additional 2,681 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Intuit were worth $1,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XXEC Inc. bought a new position in shares of Intuit in the 2nd quarter worth $436,740,000. BlackRock Inc. bought a new position in shares of Intuit during the second quarter worth $6,851,859,000. Corient Private Wealth LP acquired a new stake in Intuit during the 2nd quarter worth $40,545,000. Bank of America Corp DE acquired a new stake in Intuit during the 2nd quarter worth $589,841,000. Finally, Bank of New York Mellon Corp acquired a new position in Intuit in the second quarter valued at about $564,592,000. 83.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. The trade was a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the 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 transaction, the chief accounting officer owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on INTU. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Intuit in a research report on Thursday, September 24th. Bank of America cut shares of 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. TD Cowen reaffirmed a “hold” rating and issued a $346.00 price objective on shares of Intuit in a research report on Friday, September 18th. Morgan Stanley reduced their target price on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 26th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Intuit in a report on Tuesday, September 8th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $431.55.

View Our Latest Stock Report on Intuit

Intuit Trading Up 5.7%

NASDAQ INTU opened at $354.90 on Friday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $689.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The stock’s 50 day moving average price is $320.91 and its two-hundred day moving average price is $325.43. The stock has a market capitalization of $94.84 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 1.11 and a beta of 1.01.

Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the business earned $2.75 EPS. The business’s quarterly 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, analysts anticipate that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Thursday, October 8th. Intuit’s payout ratio is 33.45%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

Positive Sentiment: AI-powered free tax filing launch: Intuit introduced a free federal filing service through Credit Karma Tax, with AI features for error detection, refund optimization, and financial guidance. The product could expand customer adoption and strengthen Intuit’s consumer ecosystem. Intuit Rolls Out Free Federal AI Tax Filing
Positive Sentiment: Investment in Coast supports fintech expansion: Intuit Ventures participated in Coast’s $35 million funding round. Coast provides payments and expense-management tools for businesses in the physical economy, potentially giving Intuit exposure to additional small-business financial workflows and future partnership opportunities. Coast Raises $35 Million to Build the Financial Platform for the Physical Economy
Positive Sentiment: Valuation and fundamentals support a rebound thesis: A bullish analysis highlighted Intuit’s roughly 81% gross margin, substantial free cash flow, recurring revenue, and comparatively lower forward valuation. Recent earnings also exceeded expectations, with revenue growth and raised fiscal 2027 guidance providing additional support for the recovery case. Intuit vs. PYPL and XYZ
Neutral Sentiment: Analysts see both opportunity and execution risk: Intuit is positioned to benefit from AI adoption, recurring software revenue, and product expansion, but competition and the need to execute new initiatives remain important risks. Top Analyst Reports for Salesforce, S&P and Intuit
Negative Sentiment: Recent underperformance remains a concern: A bearish analysis cited softer quarterly results, competitive pressure, and execution concerns as reasons investors could remain cautious despite the recent recovery. 3 Reasons to Sell INTU

Intuit Company Profile

(Free Report)

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.