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

Precedent Wealth Partners LLC lifted its position in Intuit Inc. (NASDAQ:INTU) by 93.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,539 shares of the software maker’s stock after buying an additional 2,681 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Intuit were worth $1,527,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in INTU. Janney Montgomery Scott LLC raised its holdings in shares of Intuit by 119.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after purchasing an additional 47,148 shares during the period. Beacon Pointe Advisors LLC bought a new position in Intuit during the second quarter worth about $1,643,000. J. Safra Sarasin Holding AG grew its holdings in Intuit by 831.4% during the first quarter. J. Safra Sarasin Holding AG now owns 27,337 shares of the software maker’s stock worth $11,817,000 after purchasing an additional 24,402 shares during the period. Lindsell Train Ltd grew its holdings in Intuit by 20.2% during the first quarter. Lindsell Train Ltd now owns 733,699 shares of the software maker’s stock worth $317,237,000 after purchasing an additional 123,448 shares during the period. Finally, Cygnus Capital Advisors LLC acquired a new position in Intuit during the second quarter worth approximately $4,706,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuit

In other news, CAO Lauren Hotz sold 907 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Dalzell sold 285 shares of the stock in a transaction that occurred 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 owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their position. 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. 2.49% of the stock is currently owned by corporate insiders.

Intuit Stock Performance

Shares of INTU stock opened at $354.90 on Friday. The company 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. 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 company has a 50-day simple moving average of $320.91 and a 200 day simple moving average of $325.43. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $689.17.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. Intuit’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. On average, sell-side analysts predict that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were given a $1.38 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit’s dividend payout ratio (DPR) is currently 33.45%.

Analyst Ratings Changes

Several analysts have issued reports on INTU shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Intuit in a research note on Tuesday, September 8th. Wells Fargo & Company reduced their target price on Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 26th. Morgan Stanley decreased their target price on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 26th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Intuit in a research note on Monday, September 21st. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $431.55.

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

About Intuit

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.