AlphaGrep UK Ltd acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,640 shares of the software maker's stock, valued at approximately $950,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Betterment LLC increased its holdings in Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker's stock valued at $532,000 after buying an additional 16 shares during the last quarter. One Capital Management LLC grew its position in shares of Intuit by 2.7% in the 3rd quarter. One Capital Management LLC now owns 681 shares of the software maker's stock worth $465,000 after acquiring an additional 18 shares in the last quarter. Quadcap Wealth Management LLC grew its position in shares of Intuit by 1.0% in the 3rd quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker's stock worth $1,230,000 after acquiring an additional 18 shares in the last quarter. Washington Trust Bank increased its holdings in shares of Intuit by 3.0% in the 4th quarter. Washington Trust Bank now owns 790 shares of the software maker's stock valued at $523,000 after acquiring an additional 23 shares during the last quarter. Finally, Barr E S & Co. raised its position in shares of Intuit by 1.5% during the 4th quarter. Barr E S & Co. now owns 1,608 shares of the software maker's stock valued at $1,065,000 after acquiring an additional 24 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Argus reduced their price objective on Intuit from $580.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, May 22nd. Royal Bank Of Canada lowered their target price on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Susquehanna dropped their target price on shares of Intuit from $427.00 to $415.00 and set a "positive" rating on the stock in a report on Wednesday, August 26th. Daiwa Securities Group reduced their price target on shares of Intuit from $640.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, May 27th. Finally, Evercore reaffirmed an "outperform" rating on shares of Intuit in a report on Tuesday, August 18th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $434.68.
Get Our Latest Analysis on Intuit
Intuit Stock Down 3.4%
NASDAQ:INTU opened at $332.70 on Friday. The business's fifty day moving average price is $315.84 and its 200 day moving average price is $354.38. The firm has a market capitalization of $91.01 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 0.98 and a beta of 0.98. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08.
Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping analysts' consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $2.75 EPS. 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, sell-side analysts forecast that Intuit Inc. will post 23.49 earnings per share for the current fiscal year.
Intuit Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be paid a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.7%. This is a boost from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio (DPR) is currently 29.09%.
Insider Buying and Selling
In other Intuit news, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction on Thursday, August 27th. The shares were 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 owned 1,628 shares of the company's stock, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard Dalzell sold 284 shares of the business's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the transaction, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% 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. In the last quarter, insiders sold 2,146 shares of company stock valued at $662,666. Insiders own 2.49% of the company's stock.
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit will host its annual Investor Day on Sept. 17, where management may provide additional detail on its growth strategy, product outlook and financial targets. The event could help investors reassess the company’s recently issued fiscal 2027 guidance. Intuit to Host Annual Investor Day on September 17
- Positive Sentiment: CFO Sandeep Aujla is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on Sept. 10, giving investors another opportunity to hear management address growth, demand and guidance. Intuit CFO Sandeep Aujla to Present at the Goldman Sachs Communacopia + Technology Conference
- Neutral Sentiment: KeyCorp’s fiscal 2027 EPS estimate of $23.06 is essentially in line with the roughly $23.03 consensus estimate, suggesting no meaningful new earnings revision from that coverage. KeyCorp Intuit earnings estimates
- Negative Sentiment: Several law firms announced or promoted securities-fraud class actions involving Intuit, with a Sept. 8 lead-plaintiff deadline. The allegations reportedly concern statements about TurboTax growth and cover periods ranging from February or August 2025 through May or June 2026. Although the notices do not establish wrongdoing, the repeated litigation coverage raises reputational, legal-cost and potential-liability concerns. Intuit Securities Fraud Lawsuit Deadline Intuit Investor Class Action
About Intuit
(
Free Report)
Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.
Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.
The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.
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