25,119 Intuit Inc. $INTU Shares Sold by Investment House LLC

Key Points

• Investment House LLC cut its Intuit stake by 39% in the third quarter, selling 25,119 shares and retaining 39,345 shares valued at approximately $10.85 million. Institutional investors collectively own 83.66% of Intuit.
• Intuit’s latest quarterly results exceeded expectations, with EPS of $4.03 and revenue of $4.35 billion, up 13.7% year over year. The company also raised its quarterly dividend to $1.38 per share, or $5.52 annually.
• Analyst sentiment is mixed: 16 analysts rate Intuit a Buy, 12 a Hold, and three a Sell, resulting in an overall “Hold” rating and an average price target of $431.55.

Investment House LLC lowered its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 39.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,345 shares of the software maker's stock after selling 25,119 shares during the period. Investment House LLC's holdings in Intuit were worth $10,848,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Fiduciary Financial Advisors purchased a new stake in Intuit in the second quarter worth $25,000. Whipplewood Advisors LLC bought a new stake in shares of Intuit in the first quarter valued at $30,000. HHM Wealth Advisors LLC lifted 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. CrossGen Wealth LLC purchased a new position in shares of Intuit during the 1st quarter valued at $32,000. Finally, Osbon Capital Management LLC purchased a new position in shares of Intuit during the 2nd quarter valued at $26,000. Institutional investors own 83.66% of the company's stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: AI-powered free tax filing launch: Intuit introduced a free federal filing service through Credit Karma Tax, with AI features for error detection, refund optimization, and financial guidance. The product could expand customer adoption and strengthen Intuit’s consumer ecosystem. Intuit Rolls Out Free Federal AI Tax Filing
• Positive Sentiment: Investment in Coast supports fintech expansion: Intuit Ventures participated in Coast’s $35 million funding round. Coast provides payments and expense-management tools for businesses in the physical economy, potentially giving Intuit exposure to additional small-business financial workflows and future partnership opportunities. Coast Raises $35 Million to Build the Financial Platform for the Physical Economy
• Positive Sentiment: Valuation and fundamentals support a rebound thesis: A bullish analysis highlighted Intuit’s roughly 81% gross margin, substantial free cash flow, recurring revenue, and comparatively lower forward valuation. Recent earnings also exceeded expectations, with revenue growth and raised fiscal 2027 guidance providing additional support for the recovery case. Intuit vs. PYPL and XYZ
• Neutral Sentiment: Analysts see both opportunity and execution risk: Intuit is positioned to benefit from AI adoption, recurring software revenue, and product expansion, but competition and the need to execute new initiatives remain important risks. Top Analyst Reports for Salesforce, S&P and Intuit
• Negative Sentiment: Recent underperformance remains a concern: A bearish analysis cited softer quarterly results, competitive pressure, and execution concerns as reasons investors could remain cautious despite the recent recovery. 3 Reasons to Sell INTU

Analyst Upgrades and Downgrades

INTU has been the subject of several recent research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $385.00 price objective on shares of Intuit in a report on Friday, October 2nd. Mizuho reaffirmed an "outperform" rating and set a $430.00 price objective on shares of Intuit in a report on Friday, September 18th. Truist Financial reiterated a "hold" rating and set a $300.00 target price on shares of Intuit in a research report on Friday, September 18th. Oppenheimer reduced 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. Finally, Evercore reiterated an "outperform" rating on shares of Intuit in a research note on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $431.55.

Intuit Price Performance

Shares of NASDAQ INTU opened at $354.90 on Friday. The stock has a market cap of $94.84 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $689.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a fifty day moving average of $320.91 and a 200-day moving average of $325.43.

Intuit (NASDAQ:INTU - Get Free Report) 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 company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the company posted $2.75 EPS. The firm's revenue for the quarter 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. Equities research analysts anticipate that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were issued a $1.38 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This is a positive change 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 payout ratio is currently 33.45%.

Insider Buying and Selling

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.