Intuit Inc. $INTU Stock Position Decreased by Ninety One SA Pty Ltd

Ninety One SA Pty Ltd reduced its position in shares of Intuit Inc. (NASDAQ:INTU) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,118 shares of the software maker’s stock after selling 1,685 shares during the period. Ninety One SA Pty Ltd’s holdings in Intuit were worth $8,577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TT Capital Management LLC acquired a new stake in Intuit in the 3rd quarter valued at approximately $245,000. Chiron Capital Management LLC increased its position in Intuit by 50.0% in the 3rd quarter. Chiron Capital Management LLC now owns 1,200 shares of the software maker’s stock worth $331,000 after buying an additional 400 shares during the period. WealthPlan Investment Management LLC lifted its holdings in shares of Intuit by 21.5% during the third quarter. WealthPlan Investment Management LLC now owns 1,018 shares of the software maker’s stock worth $281,000 after buying an additional 180 shares during the last quarter. Nvwm LLC lifted its holdings in shares of Intuit by 1,107.7% during the third quarter. Nvwm LLC now owns 157 shares of the software maker’s stock worth $43,000 after buying an additional 144 shares during the last quarter. Finally, HBW Advisory Services LLC lifted its holdings in shares of Intuit by 144.7% during the third quarter. HBW Advisory Services LLC now owns 4,136 shares of the software maker’s stock worth $1,140,000 after buying an additional 2,446 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In related news, Director Richard Dalzell sold 285 shares of the stock in a transaction dated 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 owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the stock in a transaction dated Thursday, August 27th. The stock was 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 of the company’s stock, valued at $564,167.12. This trade represents a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.49% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock traded up $19.30 during mid-day trading on Thursday, reaching $329.74. The stock had a trading volume of 2,395,671 shares, compared to its average volume of 4,259,516. Intuit Inc. has a one year low of $252.84 and a one year high of $689.17. The firm has a market cap of $88.12 billion, a PE ratio of 19.96, a P/E/G ratio of 0.88 and a beta of 1.01. The firm’s 50 day simple moving average is $320.99 and its 200 day simple moving average is $329.25. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU) last released 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 business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the business posted $2.75 earnings per share. Intuit’s quarterly 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. On average, analysts forecast that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The firm 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 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 dividend on an annualized basis and a yield of 1.7%. Intuit’s payout ratio is presently 33.45%.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit agreed to acquire Sequence, whose platform automates the quote-to-revenue process, including complex pricing, billing, collections and revenue recognition. The technology is expected to strengthen Intuit Enterprise Suite and QuickBooks Online Advanced, expanding the company’s addressable market among mid-market businesses. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: Sequence supports usage-based, seat-based and milestone-based billing models, potentially giving Intuit stronger exposure to software and professional-services customers with more sophisticated financial needs. Investors appear to view the transaction as a strategic expansion of Intuit’s financial “system of intelligence.” Intuit Shares Jump as Sequence Deal Adds AI Revenue-Management Capabilities
• Positive Sentiment: Recent analyst targets include several levels above the current trading range, with a reported six-month median target of $421. This suggests some analysts continue to see valuation upside if Intuit executes on its enterprise, AI and platform expansion plans.
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: major investors including Invesco, JPMorgan and FIL added shares, while T. Rowe Price and Wellington reduced holdings. This provides no clear consensus signal.
• Negative Sentiment: Intuit’s lower-priced Credit Karma Tax offerings could help regain price-sensitive customers, but the pricing changes may slow TurboTax revenue growth in fiscal 2027. Intuit’s Lower DIY Tax Pricing: Will It Weigh on Revenue Growth?
• Negative Sentiment: Mailchimp remains a longer-term concern, with declining revenue and customer churn weighing on Intuit’s growth profile despite efforts to improve margins, retention and SMS adoption. Intuit’s Mailchimp Faces Headwinds: Can It Stage a Turnaround?

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on INTU shares. KeyCorp set a $400.00 price objective on Intuit in a research report on Wednesday, August 26th. Piper Sandler boosted their target price on shares of Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 26th. Oppenheimer cut their target price on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Citigroup cut their target price on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Finally, Bank of America downgraded shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target for the company. in a report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $431.55.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.