Intuit Inc. $INTU Shares Bought by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC grew its stake in shares of Intuit Inc. (NASDAQ:INTU) by 295.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,027 shares of the software maker’s stock after acquiring an additional 5,252 shares during the period. Intuit accounts for 0.6% of Sage Private Wealth Group LLC’s investment portfolio, making the stock its 26th biggest holding. Sage Private Wealth Group LLC’s holdings in Intuit were worth $1,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of INTU. XXEC Inc. acquired a new stake in Intuit during the second quarter valued at $436,740,000. BlackRock Inc. purchased a new position in Intuit in the second quarter valued at about $6,851,859,000. Corient Private Wealth LP purchased a new position in Intuit in the second quarter valued at about $40,545,000. Arrowstreet Capital Limited Partnership grew its stake in Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after purchasing an additional 1,972,719 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Intuit by 6.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock worth $870,260,000 after purchasing an additional 215,814 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTU has been the subject of a number of recent research reports. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Intuit in a research note on Thursday, September 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $385.00 price target on shares of Intuit in a report on Friday, October 2nd. Truist Financial reiterated a “hold” rating and set a $300.00 price target on shares of Intuit in a report on Friday, September 18th. JPMorgan Chase & Co. cut Intuit from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $605.00 to $331.00 in a research note on Wednesday, August 26th. Finally, Morgan Stanley dropped their price objective on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $431.55.

Intuit Stock Up 0.1%

Intuit stock opened at $335.61 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $689.17. The firm’s fifty day simple moving average is $320.98 and its 200-day simple moving average is $325.91. The company has a market capitalization of $89.69 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.11 and a beta of 1.01.

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 analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. Intuit’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $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. Sell-side analysts forecast 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 $1.38 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 8th. Intuit’s payout ratio is presently 33.45%.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Free Credit Karma Tax launch expands customer reach. Intuit introduced free federal tax filing through Credit Karma Tax, with faster refunds and AI-powered financial guidance. The offering could increase engagement across the Credit Karma ecosystem and create opportunities to cross-sell financial products. Intuit Launches Credit Karma Tax
• Positive Sentiment: Credit Karma continues to grow. Credit Karma revenue increased 20% to $2.64 billion in fiscal 2026. Investors are watching whether insurance and other offerings can diversify the business beyond personal loans and credit cards as lending standards tighten. Can Credit Karma Grow Beyond the Lending Cycle?
• Positive Sentiment: Analyst expectations remain constructive. Wall Street’s consensus price target implies roughly 26% potential upside, while favorable earnings-estimate revisions could provide near-term support. Intuit is also participating in AI-related growth through partnerships such as its expanded advisory arrangement with Aprio. Wall Street Analysts Think Intuit Could Surge
• Neutral Sentiment: AI is a longer-term opportunity, not an immediate earnings catalyst. Broader commentary argues that AI investment may continue for several years, but Intuit faces execution and monetization questions alongside other enterprise-software companies. The AI Buildout Is Only 15% Complete
• Negative Sentiment: Recent underperformance has renewed sell-side concerns. Intuit has lagged the broader market over the past six months, partly because of softer quarterly results. Bearish commentary highlights valuation, competition, cost pressures and uncertainty over whether new AI and Credit Karma initiatives can accelerate growth quickly enough. 3 Reasons to Sell INTU and 1 Stock to Buy Instead

Insider Activity

In other news, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction dated 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 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 SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 285 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.49% of the company’s stock.

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.