11,781 Shares of Intuit Inc. $INTU Bought by Aviance Capital Partners LLC

Key Points

• Aviance Capital Partners initiated a position in Intuit by purchasing 11,781 shares worth approximately $3.25 million. Institutional investors collectively own 83.66% of the company.
• Intuit’s latest quarterly results exceeded expectations, with adjusted EPS of $4.03 and revenue of $4.35 billion, up 13.7% year over year. Management maintained fiscal 2027 guidance, while its expanded AI platform and planned Sequence acquisition support its growth strategy.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $431.55. Intuit also raised its quarterly dividend to $1.38 per share, equivalent to a 1.6% annual yield.

Aviance Capital Partners LLC purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,781 shares of the software maker's stock, valued at approximately $3,248,000.

Several other hedge funds also recently bought and sold shares of INTU. ProShare Advisors LLC grew its stake in Intuit by 5.7% in the 3rd quarter. ProShare Advisors LLC now owns 344,823 shares of the software maker's stock worth $95,071,000 after buying an additional 18,687 shares in the last quarter. Vise Technologies Inc. increased its stake in Intuit by 27.2% in the third quarter. Vise Technologies Inc. now owns 18,908 shares of the software maker's stock valued at $5,213,000 after acquiring an additional 4,041 shares during the last quarter. Cidel Asset Management Inc. raised its position in Intuit by 24.9% during the third quarter. Cidel Asset Management Inc. now owns 1,174 shares of the software maker's stock valued at $324,000 after purchasing an additional 234 shares in the last quarter. Aprio Wealth Management LLC lifted its stake in Intuit by 25.1% during the third quarter. Aprio Wealth Management LLC now owns 1,577 shares of the software maker's stock worth $435,000 after purchasing an additional 316 shares during the last quarter. Finally, Raleigh Capital Management Inc. bought a new stake in Intuit during the third quarter worth about $274,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

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

A number of analysts recently weighed in on the company. Oppenheimer dropped their target price on Intuit from $406.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, August 26th. UBS Group reissued a "neutral" rating on shares of Intuit in a research report on Friday, September 18th. Piper Sandler raised their price target on shares of Intuit from $250.00 to $290.00 and gave the stock an "underweight" rating in a report on Wednesday, August 26th. Morgan Stanley cut their price objective on Intuit from $335.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. downgraded shares of Intuit from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $605.00 to $331.00 in a research report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Intuit currently has a consensus rating of "Hold" and an average target price of $431.55.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 285 shares of the company's stock in a transaction 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 owned 11,531 shares of the company's stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 stock in a transaction 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 owned 1,628 shares of the company's stock, valued at $564,167.12. The trade was a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.49% of the company's stock.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $341.09 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $91.15 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.13 and a beta of 1.01. The firm's 50 day moving average price is $319.38 and its 200-day moving average price is $362.39. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $682.27.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm's revenue was up 13.7% on a year-over-year basis. 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. Equities research analysts expect that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were given a $1.38 dividend. The ex-dividend date was 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 dividend yield of 1.6%. Intuit's dividend payout ratio (DPR) is currently 33.45%.

Intuit Company Profile

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.

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