Intuit Inc. $INTU Stock Sold by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its holdings in Intuit Inc. (NASDAQ:INTU) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,258 shares of the software maker’s stock after selling 1,490 shares during the quarter. Park Avenue Securities LLC’s holdings in Intuit were worth $3,380,000 at the end of the most recent quarter.

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

Intuit News Roundup

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.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 285 shares of Intuit stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director 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 transaction was disclosed in a legal filing with the SEC, which is available 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 company’s stock in a transaction dated Thursday, August 27th. The shares were 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 owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on INTU shares. Jefferies Financial Group reduced their price objective on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a research note on Sunday, August 23rd. Piper Sandler boosted their target price on Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 26th. Bank of America downgraded 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. Oppenheimer decreased their price target on Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. Finally, Susquehanna dropped their price target on Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a research note on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Intuit has a consensus rating of “Hold” and a consensus price target of $431.55.

Intuit Trading Up 3.0%

NASDAQ INTU opened at $341.09 on Friday. The firm’s 50 day moving average price is $319.38 and its two-hundred day moving average price is $362.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $682.27. The stock has a market cap of $91.15 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.09 and a beta of 1.01.

Intuit (NASDAQ:INTU) last released its earnings results 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 company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company 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 23.02 EPS for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were given a dividend of $1.38 per share. 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 yield of 1.6%. Intuit’s payout ratio is presently 33.45%.

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.