Intuit Inc. $INTU Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC cut its stake in Intuit Inc. (NASDAQ:INTU) by 30.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,759 shares of the software maker’s stock after selling 2,499 shares during the quarter. HB Wealth Management LLC’s holdings in Intuit were worth $1,503,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fiduciary Financial Advisors purchased a new position in Intuit during the second quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Intuit during the 4th quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new position in Intuit in the second quarter valued at approximately $26,000. MidFirst Bank purchased a new position in Intuit in the second quarter worth approximately $28,000. Finally, HHM Wealth Advisors LLC raised its position in Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen reissued a “buy” rating on shares of Intuit in a research report on Tuesday, August 18th. Citigroup reduced their price target on shares of Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. JPMorgan Chase & Co. lowered shares of Intuit from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $605.00 to $331.00 in a report on Wednesday, August 26th. BNP Paribas Exane dropped their target price on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Finally, Oppenheimer dropped their price objective on Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $434.68.

Intuit Stock Performance

Shares of INTU stock opened at $313.94 on Thursday. 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 Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The stock has a market capitalization of $85.88 billion, a PE ratio of 19.03, a P/E/G ratio of 0.91 and a beta of 0.98. The firm has a 50 day moving average of $319.26 and a two-hundred day moving average of $352.77.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the company earned $2.75 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, research analysts predict that Intuit Inc. will post 23.49 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. This is a boost from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s dividend payout ratio is presently 29.09%.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: An interview highlighted Intuit’s use of artificial intelligence in financial management and everyday money tools. Continued AI development could support product adoption, efficiency, and long-term growth. Kitchen table finances: Intuit on AI and everyday money management
• Neutral Sentiment: Director Richard Dalzell sold 285 Intuit shares for approximately $92,728, reducing his direct ownership by 2.41%. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan, it may be less concerning than an unexpected discretionary sale. Intuit insider transaction filing
• Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers, alleging violations of federal securities laws and seeking damages for investors. The lawsuit covers different purchase periods depending on the filing, while multiple firms promoted lead-plaintiff deadlines on September 8. The repeated announcements increase headline and potential legal-risk pressure, although the allegations have not been proven. Pomerantz Intuit class-action announcement Rosen Law Firm Intuit investor notice
• Negative Sentiment: A reported decision by Baron Durable Advantage Fund to exit Intuit during the second quarter adds evidence of institutional selling pressure, though the disclosure reflects an earlier investment decision and does not necessarily indicate a change in current fundamentals. Baron Durable Advantage Fund portfolio changes

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the business’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 transaction of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares in the company, 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 at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,760 shares of company stock worth $561,683 over the last 90 days. Insiders own 2.49% of the company’s stock.

Intuit Profile

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

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