Birch Capital Management LLC grew its stake in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 1,996.0% in the second quarter, Holdings Channel reports. The firm owned 4,192 shares of the software maker’s stock after acquiring an additional 3,992 shares during the period. Birch Capital Management LLC’s holdings in Intuit were worth $1,094,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Natural Investments LLC increased its stake in Intuit by 6.4% in the 2nd quarter. Natural Investments LLC now owns 1,547 shares of the software maker’s stock worth $403,000 after buying an additional 93 shares during the period. Symphony Financial Ltd. Co. lifted its holdings in Intuit by 43.9% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 3,404 shares of the software maker’s stock valued at $906,000 after buying an additional 1,038 shares in the last quarter. Investors Research Corp boosted its position in Intuit by 10.2% in the 2nd quarter. Investors Research Corp now owns 1,077 shares of the software maker’s stock valued at $281,000 after buying an additional 100 shares during the period. Proficio Capital Partners LLC boosted its position in Intuit by 481.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,814 shares of the software maker’s stock valued at $734,000 after buying an additional 2,330 shares during the period. Finally, Clifford Swan Investment Counsel LLC grew its stake in Intuit by 32.7% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 75,319 shares of the software maker’s stock worth $19,658,000 after acquiring an additional 18,568 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Intuit
In other news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the transaction, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,146 shares of company stock worth $662,666 in the last ninety days. Insiders own 2.49% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on INTU
Intuit Trading Down 4.0%
NASDAQ:INTU opened at $344.93 on Wednesday. Intuit Inc. has a one year low of $252.84 and a one year 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 firm has a market cap of $94.35 billion, a P/E ratio of 20.90, a P/E/G ratio of 0.93 and a beta of 0.98. The firm has a 50-day simple moving average of $311.12 and a 200-day simple moving average of $355.31.
Intuit (NASDAQ:INTU – Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm 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. Equities analysts anticipate that Intuit Inc. will post 23.07 EPS for the current fiscal year.
Intuit Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.6%. Intuit’s payout ratio is 29.09%.
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Management’s fiscal 2027 outlook calls for approximately 9%–10% growth, while the CEO highlighted acquisitions as a priority. Intuit’s latest quarterly results also exceeded analyst expectations for revenue and earnings, supporting the company’s growth narrative. Intuit Q4 2026 Earnings Call Transcript
- Positive Sentiment: Credit Karma remains a key growth engine, with expansion into additional financial categories and deeper TurboTax integration potentially supporting sustained double-digit growth. Intuit’s Credit Karma Expands Reach
- Positive Sentiment: Intuit launched an integration with AI startup Perplexity, bringing QuickBooks and Mailchimp capabilities into Perplexity’s agentic AI assistant. The partnership could improve Intuit’s exposure to emerging AI-driven workflows. Intuit and Perplexity Team on AI Integrations
- Neutral Sentiment: Analysts remain cautiously optimistic, but recent commentary questions whether Intuit’s valuation is justified by its fiscal 2027 guidance, dividend increase and planned share repurchases. Can Intuit Justify Its Valuation?
- Negative Sentiment: Multiple law firms announced or promoted securities lawsuits against Intuit and certain officers. The complaints allege that investors were misled about generative AI risks, TurboTax growth and Mailchimp performance; these are allegations, not proven findings. The September 8 deadline for investors to seek lead-plaintiff status is generating additional negative attention. Pomerantz Class Action Announcement
About Intuit
Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.
Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.
The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.
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