Beverly Hills Private Wealth LLC Buys Shares of 1,530 Intuit Inc. $INTU

Beverly Hills Private Wealth LLC bought a new stake in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,530 shares of the software maker’s stock, valued at approximately $399,000.

Several other institutional investors also recently bought and sold shares of INTU. Norges Bank acquired a new position in Intuit in the 4th quarter valued at about $3,058,407,000. Bank of New York Mellon Corp acquired a new position in shares of Intuit in the second quarter worth $564,592,000. Arrowstreet Capital Limited Partnership grew its position in shares of Intuit by 102.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after buying an additional 1,972,719 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit during the first quarter worth about $785,564,000. Finally, Amundi boosted its holdings in Intuit by 44.9% in the first quarter. Amundi now owns 1,563,158 shares of the software maker’s stock valued at $675,878,000 after purchasing an additional 484,602 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’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 value of $314,311.78. Following the sale, the chief accounting officer owned 1,628 shares of the company’s stock, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,146 shares of company stock valued at $662,666 over the last three months. Corporate insiders own 2.49% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock 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 firm has a market capitalization of $98.31 billion, a PE ratio of 21.78, a PEG ratio of 0.92 and a beta of 0.97. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The stock’s 50 day moving average is $307.36 and its 200 day moving average is $356.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45.

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, beating the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, research analysts forecast that Intuit Inc. will post 23.07 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

Intuit News Summary

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 Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded 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 report on Wednesday, August 26th. HSBC lowered their price target on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Susquehanna lowered their price target on Intuit from $427.00 to $415.00 and set a “positive” rating for the company in a report on Wednesday, August 26th. Jefferies Financial Group lowered their price target on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Intuit in a report on Tuesday, August 18th. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $434.68.

Intuit Company Profile

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.