1,889 Shares in Intuit Inc. $INTU Purchased by Papamarkou Wellner Asset Management inc.

Papamarkou Wellner Asset Management inc. purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,889 shares of the software maker’s stock, valued at approximately $817,000.

Several other large investors also recently added to or reduced their stakes in the stock. XXEC Inc. bought a new position in Intuit in the second quarter worth approximately $436,740,000. BlackRock Inc. bought a new position in Intuit in the second quarter worth about $6,851,859,000. Corient Private Wealth LP bought a new position in shares of Intuit during the 2nd quarter worth approximately $40,545,000. Norges Bank purchased a new stake in shares of Intuit during the 4th quarter valued at $3,058,407,000. Finally, Bank of America Corp DE purchased a new stake in Intuit in the second quarter valued at about $589,841,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit exceeded fiscal Q4 expectations, reporting adjusted EPS of $4.03 versus the $3.58 consensus and revenue of $4.35 billion versus $4.27 billion. Revenue increased 13.7% year over year, providing evidence that the core business remains profitable and resilient. Intuit Q4 Revenues Rise
• Positive Sentiment: The board raised Intuit’s quarterly dividend 15% to $1.38 per share, signaling confidence in cash generation and returning more capital to shareholders.
• Positive Sentiment: Management highlighted adoption of its AI products, saying 75% of enterprise customers use Intuit AI agents monthly. Bulls view the expanding AI platform and planned customer-acquisition investments as potential long-term growth drivers. Intuit AI Agent Adoption
• Neutral Sentiment: Intuit is pursuing a strategic “reset to reaccelerate” customer growth, including broader QuickBooks access and changes to TurboTax pricing. The plan could strengthen market share over time, but it is expected to pressure near-term revenue and margins. Intuit Expects Revenue Deceleration
• Neutral Sentiment: Analysts remain divided: TD Cowen maintained a Hold with a $346 target, while Oppenheimer retained Outperform at $380. This reflects uncertainty over whether the investment cycle will produce renewed growth.
• Negative Sentiment: Fiscal 2027 revenue guidance of approximately $23.28 billion to $23.51 billion, representing 9%–10% growth, fell below Wall Street expectations and marked a slowdown from recent growth rates. Concerns about TurboTax pricing pressure, customer losses and possible AI disruption overshadowed the Q4 beat. Intuit Fiscal 2027 Guidance
• Negative Sentiment: JPMorgan and Wolfe Research downgraded the stock, citing weaker growth prospects, while multiple firms cut price targets. In addition, several law firms publicized a securities class action alleging misleading statements about TurboTax growth and competitive pressures, with a September 8 lead-plaintiff deadline. Intuit Securities Class Action

Intuit Stock Performance

Shares of Intuit stock opened at $348.00 on Friday. The firm’s fifty day simple moving average is $305.53 and its 200-day simple moving average is $356.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. The stock has a market capitalization of $95.19 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.08 and a beta of 0.97. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08.

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. The company had revenue of $4.35 billion during 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 firm’s revenue for the quarter 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 forecast that Intuit Inc. will post 21.06 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently declared 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 represents a $5.52 annualized dividend and a dividend yield of 1.6%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is 33.45%.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of recent research reports. UBS Group set a $370.00 price target on shares of Intuit in a research report on Thursday. Stifel Nicolaus set a $300.00 price objective on Intuit in a report on Wednesday. Citigroup dropped their price objective on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Piper Sandler increased their target price on shares of Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Bank of America downgraded shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 target price on the stock. in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Intuit has a consensus rating of “Hold” and a consensus price target of $434.68.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock valued at $348,354 over the last three months. 2.49% of the stock is currently owned by company insiders.

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; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.