Axxcess Wealth Management LLC Sells 10,456 Shares of Intuit Inc. $INTU

Key Points

• Axxcess Wealth Management cut its Intuit stake by 85.8% in the third quarter, selling 10,456 shares and retaining 1,734 shares valued at approximately $478,000. Institutional investors and hedge funds collectively own 83.66% of Intuit.
• Intuit reported quarterly EPS of $4.03, beating estimates of $3.58, while revenue rose 13.7% year over year to $4.35 billion. The company also increased its quarterly dividend from $1.20 to $1.38, representing a 1.6% annualized yield.
• Analyst sentiment is mixed: 16 analysts rate Intuit a Buy, 12 a Hold and three a Sell, producing an overall “Hold” rating and an average price target of $431.55 versus the reported share price of $343.39.

Axxcess Wealth Management LLC cut its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 85.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,734 shares of the software maker's stock after selling 10,456 shares during the quarter. Axxcess Wealth Management LLC's holdings in Intuit were worth $478,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. XXEC Inc. acquired a new position in Intuit in the second quarter valued at about $436,740,000. BlackRock Inc. acquired a new stake in shares of Intuit during the second quarter worth about $6,851,859,000. Corient Private Wealth LP acquired a new stake in shares of Intuit during the second quarter worth about $40,545,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock valued at $1,684,795,000 after purchasing an additional 1,972,719 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Intuit by 6.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker's stock valued at $870,260,000 after purchasing an additional 215,814 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Price Performance

Shares of INTU opened at $343.39 on Monday. The firm has a market capitalization of $91.77 billion, a PE ratio of 20.81, a PEG ratio of 1.13 and a beta of 1.01. The company's 50-day moving average is $320.86 and its 200-day moving average is $324.91. 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 current ratio of 1.51 and a quick ratio of 1.51.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly 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 for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. Intuit's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities analysts forecast that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on INTU shares. Wolfe Research lowered shares of Intuit from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 26th. Evercore reaffirmed an "outperform" rating on shares of Intuit in a research note on Friday, September 18th. Citigroup lowered their target price on Intuit from $591.00 to $457.00 and set a "buy" rating for the company in a report on Thursday, August 13th. JPMorgan Chase & Co. downgraded Intuit from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $605.00 to $331.00 in a research note on Wednesday, August 26th. Finally, Morgan Stanley dropped their price target on Intuit from $335.00 to $315.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $431.55.

Key Intuit News

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

Insiders Place Their Bets

In other news, CAO Lauren Hotz sold 907 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Dalzell sold 285 shares of the stock in a transaction 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 sale, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.49% of the company's stock.

Intuit 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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