Intuit Inc. $INTU Shares Acquired by HBW Advisory Services LLC

HBW Advisory Services LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 144.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,136 shares of the software maker’s stock after purchasing an additional 2,446 shares during the quarter. HBW Advisory Services LLC’s holdings in Intuit were worth $1,140,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in INTU. Fiduciary Financial Advisors bought a new stake in Intuit during the second quarter valued at $25,000. Osbon Capital Management LLC acquired a new stake in shares of Intuit during the second quarter worth $26,000. MidFirst Bank acquired a new stake in shares of Intuit during the second quarter worth $28,000. HHM Wealth Advisors LLC grew its position in shares of Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after buying an additional 30 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Intuit during the first quarter worth about $30,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, CAO Lauren Hotz sold 907 shares of the business’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 transaction 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. The trade was a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Dalzell sold 285 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This trade represents a 2.41% 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. 2.49% of the stock is owned by company insiders.

Intuit Stock Up 6.4%

Shares of Intuit stock opened at $330.17 on Friday. The company has a market capitalization of $88.23 billion, a P/E ratio of 20.01, a PEG ratio of 0.91 and a beta of 1.01. The business’s fifty day moving average price is $321.16 and its two-hundred day moving average price is $328.64. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $689.17. 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 announced its earnings results 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 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 analyst estimates of $4.27 billion. During the same quarter in the prior year, the firm posted $2.75 EPS. Intuit’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 forecast that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be paid a dividend of $1.38 per share. This is a boost from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is 33.45%.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Sequence automates the end-to-end quote-to-revenue process, including pricing, contracts, invoicing, collections and revenue recognition. Its support for usage-, seat- and milestone-based billing could broaden Intuit’s appeal to software, professional-services and other businesses with complex billing needs. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: The acquisition is expected to add capabilities to Intuit’s financial system of intelligence and strengthen Intuit Enterprise Suite and QuickBooks Online Advanced. Investors interpreted the transaction as evidence that Intuit is using AI to expand beyond its traditional small-business and consumer tax markets. Intuit deal signals bet on AI demand in revenue management
• Positive Sentiment: The announcement triggered a broad rally in INTU as market participants focused on potential long-term cross-selling opportunities and growth in mid-market financial-management software. Financial terms were not disclosed, leaving the immediate earnings impact uncertain. Why Intuit Stock Is Trading Up Today

Analyst Upgrades and Downgrades

INTU has been the topic of a number of recent research reports. Evercore reissued an “outperform” rating on shares of Intuit in a report on Friday, September 18th. Piper Sandler upped their target price on Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a report on Wednesday, August 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $385.00 target price on shares of Intuit in a report on Friday, October 2nd. JPMorgan Chase & Co. cut Intuit from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $605.00 to $331.00 in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group cut their price target on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Sunday, August 23rd. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Intuit presently has a consensus rating of “Hold” and a consensus price target of $431.55.

Intuit 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.