Intuit Inc. $INTU Stake Reduced by Eastern Bank

Eastern Bank lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 94.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,240 shares of the software maker’s stock after selling 23,135 shares during the period. Eastern Bank’s holdings in Intuit were worth $324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTU. Joseph Group Capital Management acquired a new stake in Intuit during the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit during the 4th quarter worth about $25,000. HHM Wealth Advisors LLC raised its holdings in Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after buying an additional 30 shares during the period. Whipplewood Advisors LLC acquired a new stake in Intuit during the 1st quarter worth about $30,000. Finally, CrossGen Wealth LLC acquired a new stake in Intuit during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup cut their price objective on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Argus cut their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Bank of America downgraded Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price objective on the stock. in a report on Wednesday, August 26th. Susquehanna cut their price objective on Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a report on Wednesday, August 26th. Finally, KeyCorp set a $400.00 target price on Intuit in a report on Wednesday, August 26th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $434.68.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a partnership with Perplexity to integrate QuickBooks and Mailchimp into Perplexity Computer, an agentic AI assistant. The collaboration could help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management
• Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings

Insider Activity at Intuit

In related news, CAO Lauren D. Hotz sold 907 shares of the business’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 completion of the sale, the chief accounting officer owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. The trade was a 35.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 2,146 shares of company stock valued at $662,666. 2.49% of the stock is currently owned by company insiders.

Intuit Stock Up 0.4%

Shares of INTU traded up $1.34 during trading hours on Monday, reaching $359.40. The company’s stock had a trading volume of 1,871,193 shares, compared to its average volume of 4,382,581. The firm has a market cap of $98.31 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 0.92 and a beta of 0.97. The company has a 50 day moving average of $307.36 and a two-hundred day moving average of $356.13. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, research analysts predict that Intuit Inc. will post 23.07 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is presently 33.45%.

Intuit Company Profile

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.