Middleton & Co. Inc. MA cut its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,927 shares of the software maker’s stock after selling 1,829 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Intuit were worth $5,494,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in INTU. Simplicity Wealth LLC raised its holdings in shares of Intuit by 54.8% during the 3rd quarter. Simplicity Wealth LLC now owns 7,577 shares of the software maker’s stock valued at $2,089,000 after buying an additional 2,681 shares during the period. Sowell Financial Services LLC increased its position in Intuit by 40.7% in the third quarter. Sowell Financial Services LLC now owns 2,550 shares of the software maker’s stock worth $703,000 after buying an additional 738 shares during the period. Gibbs Wealth Management bought a new stake in shares of Intuit during the third quarter valued at approximately $217,000. Capital Investment Advisors LLC lifted its holdings in Intuit by 2.4% in the third quarter. Capital Investment Advisors LLC now owns 1,623 shares of the software maker’s stock worth $448,000 after purchasing an additional 38 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Intuit by 33.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 13,753 shares of the software maker’s stock valued at $3,792,000 after purchasing an additional 3,424 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have recently commented on INTU. Truist Financial reiterated a “hold” rating and set a $300.00 price objective on shares of Intuit in a research report on Friday, September 18th. Piper Sandler boosted their target price on Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Stifel Nicolaus restated a “hold” rating and set a $300.00 price target on shares of Intuit in a research note on Friday, September 18th. Oppenheimer cut their price objective on Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $431.55.
Read Our Latest Report on Intuit
Intuit Stock Performance
NASDAQ INTU opened at $343.39 on Friday. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $689.17. The stock has a market cap of $91.77 billion, a P/E ratio of 20.81, a PEG ratio of 1.13 and a beta of 1.01. The company’s 50-day simple moving average is $320.86 and its 200 day simple moving average is $325.56. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.
Intuit (NASDAQ:INTU – Get Free Report) last issued 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 business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the prior year, the firm posted $2.75 EPS. Intuit’s quarterly revenue was up 13.7% compared to the same quarter last year. 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 forecast that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.
Intuit Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders 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 a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is presently 33.45%.
Intuit News Roundup
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit Ventures participated in Coast’s $35 million growth-equity financing. The investment expands Intuit’s exposure to a financial platform serving small and mid-sized physical-economy businesses and could support future ecosystem opportunities. Coast Raises $35 Million to Build the Financial Platform for the Physical Economy
- Positive Sentiment: Intuit introduced a free, AI-powered federal tax-filing service through Credit Karma Tax, featuring error checks, refund optimization and real-time assistance. The product may increase customer engagement, although monetization and execution remain key questions. Intuit Rolls Out Free Federal AI Tax Filing
- Positive Sentiment: A bullish investment thesis highlights Intuit’s approximately 81% gross margin, substantial free-cash-flow generation and comparatively lower forward valuation as potential support for a rebound. These arguments may attract value-oriented investors after the stock’s recent decline. Intuit vs. PayPal and XYZ
- Neutral Sentiment: Intuit joined Wells Fargo and Arm in objecting to the unauthorized tokenization of their shares on OKX. The dispute concerns trading and regulatory rights rather than Intuit’s operations, so the direct earnings impact is likely limited. Companies Rejecting Tokenized Shares on OKX
- Negative Sentiment: Broyhill Asset Management disclosed that it was moving from Intuit to Microsoft, reflecting concerns about software quality or relative investment appeal. One manager’s decision is not a fundamental downgrade, but it can reinforce negative sentiment toward INTU. Broyhill Moves from Intuit to Microsoft
- Negative Sentiment: Analyst commentary has cited softer results, competitive pressure, AI-related execution risks and the stock’s underperformance as reasons to sell. This weighs on confidence despite Intuit’s latest earnings beat and double-digit revenue growth. 3 Reasons to Sell INTU
Insider Activity at Intuit
In related news, CAO Lauren D. Hotz sold 907 shares of the firm’s stock in a transaction on 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 sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of Intuit stock in a transaction on Tuesday, September 8th. The shares were 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 of the company’s stock, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by insiders.
Intuit Company Profile
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.
Read More
- Five stocks we like better than Intuit
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU – Free Report).
Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.
