NewEdge Advisors LLC Reduces Position in Intuit Inc. $INTU

NewEdge Advisors LLC reduced its holdings in Intuit Inc. (NASDAQ:INTU) by 63.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,898 shares of the software maker’s stock after selling 62,881 shares during the period. NewEdge Advisors LLC’s holdings in Intuit were worth $15,954,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Caerus Investment Advisors LLC boosted its holdings in shares of Intuit by 123.6% in the 1st quarter. Caerus Investment Advisors LLC now owns 995 shares of the software maker’s stock valued at $430,000 after acquiring an additional 550 shares during the last quarter. First Nebraska Trust Co purchased a new stake in shares of Intuit in the 1st quarter valued at $5,407,000. Integrated Investment Consultants LLC boosted its holdings in shares of Intuit by 11.7% in the 1st quarter. Integrated Investment Consultants LLC now owns 667 shares of the software maker’s stock valued at $288,000 after acquiring an additional 70 shares during the last quarter. Ramiah Investment Group boosted its holdings in shares of Intuit by 24.2% in the 1st quarter. Ramiah Investment Group now owns 852 shares of the software maker’s stock valued at $368,000 after acquiring an additional 166 shares during the last quarter. Finally, Allen Capital Group LLC boosted its holdings in shares of Intuit by 16.7% in the 1st quarter. Allen Capital Group LLC now owns 8,673 shares of the software maker’s stock valued at $3,750,000 after acquiring an additional 1,242 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of INTU traded up $1.34 during trading hours on Monday, hitting $359.40. The stock had a trading volume of 1,871,193 shares, compared to its average volume of 4,382,581. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. The firm has a 50-day moving average price of $307.36 and a 200 day moving average price of $356.13. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The firm has a market capitalization of $98.31 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 0.92 and a beta of 0.97.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the business posted $2.75 EPS. The business’s revenue 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, research analysts anticipate that Intuit Inc. will post 23.07 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be paid a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is presently 33.45%.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a partnership with Perplexity to integrate QuickBooks and Mailchimp into Perplexity Computer, an agentic AI assistant. The collaboration could help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management
• Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings

Analyst Upgrades and Downgrades

INTU has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Wolfe Research downgraded shares of Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. downgraded shares of Intuit from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $605.00 to $331.00 in a report on Wednesday, August 26th. HSBC dropped their price objective on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Finally, Evercore reiterated an “outperform” rating on shares of Intuit in a research note on Tuesday, August 18th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $434.68.

Insiders Place Their Bets

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the company’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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This represents a 2.67% 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. Insiders have sold 2,146 shares of company stock valued at $662,666 over the last 90 days. 2.49% of the stock is currently owned by company insiders.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.