Intuit Inc. $INTU Stake Lowered by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 65.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,017 shares of the software maker’s stock after selling 1,942 shares during the period. Elevated Capital Advisors LLC’s holdings in Intuit were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in INTU. New York Life Investment Management LLC grew its holdings in shares of Intuit by 1.6% in the 3rd quarter. New York Life Investment Management LLC now owns 45,823 shares of the software maker’s stock worth $12,634,000 after acquiring an additional 711 shares during the period. 71 West Capital Partners increased its stake in Intuit by 2.1% in the 3rd quarter. 71 West Capital Partners now owns 1,812 shares of the software maker’s stock valued at $500,000 after purchasing an additional 38 shares in the last quarter. AlphaCore Capital LLC increased its stake in Intuit by 3.8% in the 3rd quarter. AlphaCore Capital LLC now owns 11,974 shares of the software maker’s stock valued at $3,301,000 after purchasing an additional 435 shares in the last quarter. Running Oak Capital LLC raised its holdings in Intuit by 30.1% during the third quarter. Running Oak Capital LLC now owns 27,176 shares of the software maker’s stock worth $7,493,000 after purchasing an additional 6,293 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Intuit by 326.6% during the third quarter. Retirement Systems of Alabama now owns 247,820 shares of the software maker’s stock worth $68,326,000 after purchasing an additional 189,722 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s revenue grew about 14%, and the company continues incorporating AI into its tax and accounting products—potentially supporting future growth. It ranked eighth in a roundup of AI-powered financial stocks. Intuit grew revenue 14%, but guidance points lower
• Neutral Sentiment: A comparison with Accenture highlights Intuit’s expanding financial-technology ecosystem and AI integration, but does not provide a specific new catalyst for the stock. Accenture vs. Intuit
• Negative Sentiment: Coverage says guidance points lower despite revenue growth, while a separate report raises questions about Intuit’s AI push. Investors may be concerned that AI investment has yet to translate into stronger expected growth. Revenue growth and guidance Questions about Intuit’s AI push

Insider Buying and Selling at Intuit

In other news, CAO Lauren D. Hotz sold 907 shares of the company’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 sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the company’s 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 sale, the director owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. 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. Company insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on INTU. Evercore reiterated an “outperform” rating on shares of Intuit in a research report on Friday, September 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $385.00 target price on shares of Intuit in a report on Friday, October 2nd. Barclays dropped their price target on Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a research report on Wednesday, August 26th. KeyCorp set a $400.00 price target on Intuit in a research note on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Intuit has a consensus rating of “Hold” and a consensus price target of $431.68.

Intuit Stock Up 0.7%

INTU stock opened at $340.44 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The company’s 50 day simple moving average is $317.84 and its 200-day simple moving average is $355.16. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $682.27. The firm has a market capitalization of $90.98 billion, a PE ratio of 18.47, a P/E/G ratio of 1.12 and a beta of 0.91.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the firm posted $2.75 EPS. The company’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. Equities analysts expect that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders 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 dividend payout ratio (DPR) is 33.45%.

Intuit Company Profile

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.