HighTower Advisors LLC Cuts Stock Position in Intuit Inc. $INTU

HighTower Advisors LLC lessened its position in shares of Intuit Inc. (NASDAQ:INTU) by 16.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,053 shares of the software maker’s stock after selling 12,945 shares during the quarter. HighTower Advisors LLC’s holdings in Intuit were worth $16,979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INTU. Brighton Jones LLC boosted its position in shares of Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after buying an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit in the first quarter valued at about $785,564,000. Sivia Capital Partners LLC boosted its holdings in Intuit by 23.1% in the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after acquiring an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC grew its stake in shares of Intuit by 12.2% during the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

More Intuit News

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

Intuit Trading Down 1.6%

Shares of Intuit stock opened at $313.94 on Thursday. The firm has a 50-day simple moving average of $319.26 and a two-hundred day simple moving average of $352.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The company has a market cap of $85.88 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for 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 company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $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, equities analysts predict that Intuit Inc. will post 23.49 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders 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 yield of 1.8%. The ex-dividend date is Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is currently 29.09%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on INTU shares. Piper Sandler increased their price objective on shares of Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research report on Wednesday, August 26th. Susquehanna cut their price target on shares of Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a research note on Wednesday, August 26th. Wells Fargo & Company decreased their price target on shares of Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, August 26th. Bank of America downgraded shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price objective for the company. in a research note on Wednesday, August 26th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Intuit in a report on Wednesday, August 26th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $434.68.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 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 completion of the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,760 shares of company stock valued at $561,683. Insiders own 2.49% of the company’s stock.

Intuit Company 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.