Pinkerton Wealth LLC lifted its position in Intuit Inc. (NASDAQ:INTU – Free Report) by 59.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,904 shares of the software maker’s stock after purchasing an additional 4,046 shares during the quarter. Pinkerton Wealth LLC’s holdings in Intuit were worth $3,006,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in INTU. Fiduciary Financial Advisors purchased a new position in shares of Intuit during the second quarter worth approximately $25,000. Whipplewood Advisors LLC acquired a new position in shares of Intuit in the 1st quarter valued at $30,000. Osbon Capital Management LLC acquired a new position in shares of Intuit in the 2nd quarter valued at $26,000. MidFirst Bank purchased a new stake in Intuit in the 2nd quarter valued at $28,000. Finally, James T. Borello RIA raised its position in Intuit by 350.0% in the 3rd quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock valued at $30,000 after purchasing an additional 84 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.
Intuit Price Performance
Shares of NASDAQ:INTU opened at $341.09 on Monday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $682.27. The company has a 50-day moving average price of $319.38 and a 200 day moving average price of $362.39. The company has a market cap of $91.15 billion, a P/E ratio of 20.67, a PEG ratio of 1.13 and a beta of 0.91. 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 posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion for 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%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts predict that Intuit Inc. will post 23.02 earnings per share for the current year.
Intuit Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were issued a dividend of $1.38 per share. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.6%. Intuit’s payout ratio is 33.45%.
Insider Activity
In related news, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.49% of the company’s stock.
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Investors responded favorably to Intuit’s expanded Intuit Intelligence platform, which adds automation and workflow capabilities across QuickBooks, Intuit Enterprise Suite and Intuit Accountant Suite. The company’s planned acquisition of Sequence would further strengthen quote-to-revenue and billing automation for mid-market customers. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
- Positive Sentiment: Management’s previously reaffirmed fiscal 2027 outlook continues to support the bullish case, including expected full-year revenue growth of approximately 9% to 10%. Intuit also launched Credit Karma Tax with free federal filing and faster-refund features ahead of tax season, adding another potential growth catalyst. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
- Positive Sentiment: Intuit will report fiscal first-quarter 2027 results after the market closes on November 19. The event gives investors a near-term opportunity to assess demand, AI monetization and whether the company is tracking toward its full-year guidance. Intuit to Announce First-Quarter Fiscal Year 2027 Results on Nov. 19
- Neutral Sentiment: Recent institutional activity was mixed: several large investors increased their positions, while others—including Wellington Management and T. Rowe Price—reduced holdings. The conflicting signals suggest continued debate over valuation and Intuit’s AI transition.
- Negative Sentiment: Matrix Asset Advisors reportedly exited Intuit amid uncertainty about the company’s AI-driven business model, highlighting concerns about execution, competitive pressure and the timing of returns from new technology investments. Intuit (INTU): Exiting Amid AI-Driven Business Model Uncertainty
- Negative Sentiment: Insider trading data showed more sales than purchases during the past six months, a modest cautionary signal, although the transactions do not necessarily indicate a change in management’s operating outlook.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on INTU. Wells Fargo & Company lowered their price objective on shares of Intuit from $360.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Bank of America cut shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 target price for the company. in a report on Wednesday, August 26th. Barclays decreased their target price on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. TD Cowen reissued a “hold” rating and set a $346.00 price target on shares of Intuit in a report on Friday, September 18th. Finally, Morgan Stanley dropped their price target on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Intuit has an average rating of “Hold” and an average price target of $431.55.
View Our Latest Stock Analysis on Intuit
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.
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