Intuit Inc. $INTU Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in Intuit Inc. (NASDAQ:INTU) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 683,441 shares of the software maker’s stock after selling 13,975 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Intuit were worth $188,432,000 as of its most recent filing with the Securities and Exchange Commission.

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

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors responded favorably to Intuit’s expanded Intuit Intelligence platform, which adds automation and workflow capabilities across QuickBooks, Intuit Enterprise Suite and Intuit Accountant Suite. The company’s planned acquisition of Sequence would further strengthen quote-to-revenue and billing automation for mid-market customers. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Management’s previously reaffirmed fiscal 2027 outlook continues to support the bullish case, including expected full-year revenue growth of approximately 9% to 10%. Intuit also launched Credit Karma Tax with free federal filing and faster-refund features ahead of tax season, adding another potential growth catalyst. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Intuit will report fiscal first-quarter 2027 results after the market closes on November 19. The event gives investors a near-term opportunity to assess demand, AI monetization and whether the company is tracking toward its full-year guidance. Intuit to Announce First-Quarter Fiscal Year 2027 Results on Nov. 19
• Neutral Sentiment: Recent institutional activity was mixed: several large investors increased their positions, while others—including Wellington Management and T. Rowe Price—reduced holdings. The conflicting signals suggest continued debate over valuation and Intuit’s AI transition.
• Negative Sentiment: Matrix Asset Advisors reportedly exited Intuit amid uncertainty about the company’s AI-driven business model, highlighting concerns about execution, competitive pressure and the timing of returns from new technology investments. Intuit (INTU): Exiting Amid AI-Driven Business Model Uncertainty
• Negative Sentiment: Insider trading data showed more sales than purchases during the past six months, a modest cautionary signal, although the transactions do not necessarily indicate a change in management’s operating outlook.

Analyst Ratings Changes

Several research analysts have recently issued reports on INTU shares. JPMorgan Chase & Co. downgraded shares of Intuit from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $605.00 to $331.00 in a report on Wednesday, August 26th. Weiss Ratings raised Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. BMO Capital Markets restated an “outperform” rating on shares of Intuit in a research report on Monday, September 21st. Jefferies Financial Group lowered their target price on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $385.00 target price on shares of Intuit in a research report on Friday, October 2nd. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Intuit presently has a consensus rating of “Hold” and an average price target of $431.55.

Intuit Stock Performance

Shares of INTU stock opened at $341.09 on Monday. The business’s 50 day simple moving average is $319.38 and its 200 day simple moving average is $362.39. Intuit Inc. has a one year low of $252.84 and a one year high of $682.27. The stock has a market capitalization of $91.15 billion, a PE ratio of 20.67, a PEG ratio of 1.13 and a beta of 0.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business 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, research analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were paid a $1.38 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is presently 33.45%.

Insider Activity

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of Intuit 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 completion of the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by corporate insiders.

About Intuit

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.