3,127 Intuit Inc. $INTU Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 42.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,275 shares of the software maker's stock after selling 3,127 shares during the quarter. Quadrant Capital Group LLC's holdings in Intuit were worth $1,289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Legacy Wealth Managment LLC ID increased its position in Intuit by 10.3% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker's stock worth $115,000 after purchasing an additional 25 shares in the last quarter. Powell Investment Advisors LLC grew its stake in shares of Intuit by 5.4% during the first quarter. Powell Investment Advisors LLC now owns 551 shares of the software maker's stock worth $238,000 after buying an additional 28 shares during the last quarter. Sachetta LLC grew its stake in shares of Intuit by 33.7% during the first quarter. Sachetta LLC now owns 111 shares of the software maker's stock worth $48,000 after buying an additional 28 shares during the last quarter. Stronghold Wealth Management L.L.C. increased its holdings in shares of Intuit by 6.5% during the first quarter. Stronghold Wealth Management L.L.C. now owns 474 shares of the software maker's stock worth $205,000 after buying an additional 29 shares in the last quarter. Finally, Delta Asset Management LLC TN increased its holdings in shares of Intuit by 13.2% during the second quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker's stock worth $67,000 after buying an additional 30 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on INTU. Susquehanna dropped their target price on Intuit from $427.00 to $415.00 and set a "positive" rating for the company in a research report on Wednesday, August 26th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Intuit in a research report on Tuesday, September 8th. UBS Group reaffirmed a "neutral" rating on shares of Intuit in a report on Friday, September 18th. Wells Fargo & Company reduced their price target on Intuit from $360.00 to $300.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 26th. Finally, Truist Financial reiterated a "hold" rating and issued a $300.00 price target on shares of Intuit in a research report on Friday, September 18th. Sixteen equities research 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 MarketBeat.com, Intuit currently has a consensus rating of "Hold" and an average target price of $431.55.

Intuit Stock Performance

Shares of INTU stock opened at $343.39 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $320.86 and a two-hundred day simple moving average of $325.56. The firm has a market capitalization of $91.77 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.01. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $689.17.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same quarter last year, the firm earned $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. Analysts forecast that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were issued a $1.38 dividend. This is an increase from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, October 8th. Intuit's dividend payout ratio is currently 33.45%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit Ventures participated in Coast’s $35 million growth-equity financing. The investment expands Intuit’s exposure to a financial platform serving small and mid-sized physical-economy businesses and could support future ecosystem opportunities. Coast Raises $35 Million to Build the Financial Platform for the Physical Economy
• Positive Sentiment: Intuit introduced a free, AI-powered federal tax-filing service through Credit Karma Tax, featuring error checks, refund optimization and real-time assistance. The product may increase customer engagement, although monetization and execution remain key questions. Intuit Rolls Out Free Federal AI Tax Filing
• Positive Sentiment: A bullish investment thesis highlights Intuit’s approximately 81% gross margin, substantial free-cash-flow generation and comparatively lower forward valuation as potential support for a rebound. These arguments may attract value-oriented investors after the stock’s recent decline. Intuit vs. PayPal and XYZ
• Neutral Sentiment: Intuit joined Wells Fargo and Arm in objecting to the unauthorized tokenization of their shares on OKX. The dispute concerns trading and regulatory rights rather than Intuit’s operations, so the direct earnings impact is likely limited. Companies Rejecting Tokenized Shares on OKX
• Negative Sentiment: Broyhill Asset Management disclosed that it was moving from Intuit to Microsoft, reflecting concerns about software quality or relative investment appeal. One manager’s decision is not a fundamental downgrade, but it can reinforce negative sentiment toward INTU. Broyhill Moves from Intuit to Microsoft
• Negative Sentiment: Analyst commentary has cited softer results, competitive pressure, AI-related execution risks and the stock’s underperformance as reasons to sell. This weighs on confidence despite Intuit’s latest earnings beat and double-digit revenue growth. 3 Reasons to Sell INTU

Insider Transactions at Intuit

In related news, Director Richard Dalzell sold 285 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the company's 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 sale, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. 2.49% of the stock is owned by company 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.

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