Intuit Inc. $INTU Stake Reduced by Ninety One North America Inc.

Ninety One North America Inc. reduced its holdings in Intuit Inc. (NASDAQ:INTU) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,536 shares of the software maker’s stock after selling 10,683 shares during the quarter. Intuit accounts for about 2.3% of Ninety One North America Inc.’s investment portfolio, making the stock its 13th largest position. Ninety One North America Inc. owned 0.06% of Intuit worth $44,537,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in INTU. Legacy Wealth Managment LLC ID lifted its holdings in shares of Intuit by 10.3% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock valued at $115,000 after acquiring an additional 25 shares in the last quarter. Prentice Wealth Management LLC boosted its position in Intuit by 3.1% during the 1st quarter. Prentice Wealth Management LLC now owns 876 shares of the software maker’s stock worth $379,000 after purchasing an additional 26 shares during the period. Powell Investment Advisors LLC increased its holdings in Intuit by 5.4% in the 1st quarter. Powell Investment Advisors LLC now owns 551 shares of the software maker’s stock valued at $238,000 after purchasing an additional 28 shares in the last quarter. Sachetta LLC raised its position in Intuit by 33.7% in the first quarter. Sachetta LLC now owns 111 shares of the software maker’s stock valued at $48,000 after purchasing an additional 28 shares during the period. Finally, Stronghold Wealth Management L.L.C. raised its position in Intuit by 6.5% in the first quarter. Stronghold Wealth Management L.L.C. now owns 474 shares of the software maker’s stock valued at $205,000 after purchasing an additional 29 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Performance

INTU stock traded up $19.00 during trading on Thursday, hitting $329.44. 2,365,533 shares of the company’s stock traded hands, compared to its average volume of 4,259,516. The stock has a fifty day moving average price of $320.99 and a two-hundred day moving average price of $329.25. 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 Inc. has a 52 week low of $252.84 and a 52 week high of $689.17. The stock has a market capitalization of $88.04 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 0.88 and a beta of 1.01.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.7%. 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 is 33.45%.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit agreed to acquire Sequence, whose platform automates the quote-to-revenue process, including complex pricing, billing, collections and revenue recognition. The technology is expected to strengthen Intuit Enterprise Suite and QuickBooks Online Advanced, expanding the company’s addressable market among mid-market businesses. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: Sequence supports usage-based, seat-based and milestone-based billing models, potentially giving Intuit stronger exposure to software and professional-services customers with more sophisticated financial needs. Investors appear to view the transaction as a strategic expansion of Intuit’s financial “system of intelligence.” Intuit Shares Jump as Sequence Deal Adds AI Revenue-Management Capabilities
• Positive Sentiment: Recent analyst targets include several levels above the current trading range, with a reported six-month median target of $421. This suggests some analysts continue to see valuation upside if Intuit executes on its enterprise, AI and platform expansion plans.
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: major investors including Invesco, JPMorgan and FIL added shares, while T. Rowe Price and Wellington reduced holdings. This provides no clear consensus signal.
• Negative Sentiment: Intuit’s lower-priced Credit Karma Tax offerings could help regain price-sensitive customers, but the pricing changes may slow TurboTax revenue growth in fiscal 2027. Intuit’s Lower DIY Tax Pricing: Will It Weigh on Revenue Growth?
• Negative Sentiment: Mailchimp remains a longer-term concern, with declining revenue and customer churn weighing on Intuit’s growth profile despite efforts to improve margins, retention and SMS adoption. Intuit’s Mailchimp Faces Headwinds: Can It Stage a Turnaround?

Analysts Set New Price Targets

Several brokerages have recently weighed in on INTU. Piper Sandler upped 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. TD Cowen restated a “hold” rating and issued a $346.00 price target on shares of Intuit in a report on Friday, September 18th. Wolfe Research lowered shares of Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Barclays dropped their price target 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. Finally, Oppenheimer cut their price target on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $431.55.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren 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 sale, the chief accounting officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard 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 value of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% 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. 2.49% of the stock is currently owned by company insiders.

About Intuit

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.