Intuit Inc. $INTU Shares Acquired by StoneX Group Inc.

StoneX Group Inc. lifted its stake in Intuit Inc. (NASDAQ:INTU) by 210.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,533 shares of the software maker’s stock after buying an additional 1,718 shares during the period. StoneX Group Inc.’s holdings in Intuit were worth $698,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in INTU. XXEC Inc. acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $436,740,000. BlackRock Inc. acquired a new position in shares of Intuit in the second quarter valued at $6,851,859,000. Corient Private Wealth LP bought a new position in Intuit in the second quarter worth $40,545,000. Bank of America Corp DE bought a new position in Intuit in the second quarter worth $589,841,000. Finally, Bank of New York Mellon Corp bought a new position in Intuit in the second quarter worth $564,592,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s revenue grew about 14%, and the company continues incorporating AI into its tax and accounting products—potentially supporting future growth. It ranked eighth in a roundup of AI-powered financial stocks. Intuit grew revenue 14%, but guidance points lower
• Neutral Sentiment: A comparison with Accenture highlights Intuit’s expanding financial-technology ecosystem and AI integration, but does not provide a specific new catalyst for the stock. Accenture vs. Intuit
• Negative Sentiment: Coverage says guidance points lower despite revenue growth, while a separate report raises questions about Intuit’s AI push. Investors may be concerned that AI investment has yet to translate into stronger expected growth. Revenue growth and guidance Questions about Intuit’s AI push

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on INTU. Oppenheimer decreased their price target on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. The Goldman Sachs Group restated a “sell” rating on shares of Intuit in a research note on Thursday, September 24th. Evercore reaffirmed an “outperform” rating on shares of Intuit in a report on Friday, September 18th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $300.00 target price on shares of Intuit in a research note on Friday, September 18th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $431.68.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $340.44 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The business’s fifty day moving average price is $317.84 and its two-hundred day moving average price is $355.16. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $682.27. The stock has a market capitalization of $90.98 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91.

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, beating 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 company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the business earned $2.75 earnings per share. The business’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. As a group, analysts predict that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.6%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is 33.45%.

Intuit Company Profile

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.