Barlow Wealth Partners LLC Acquires 27,111 Shares of Intuit Inc. $INTU

Key Points

• Barlow Wealth Partners increased its Intuit stake by 191.6% in the second quarter, purchasing 27,111 additional shares for a total of 41,262 shares valued at $11.2 million. Institutional investors collectively own 83.66% of Intuit.
• Intuit exceeded quarterly expectations with adjusted EPS of $4.03 versus $3.58 expected and revenue of $4.35 billion, up 13.7% year over year. The company also raised its quarterly dividend 15% to $1.38 per share.
• The stock faces mixed outlooks: analysts have a consensus “Hold” rating with an average price target of $434.68, while slower fiscal 2027 growth and TurboTax guidance, along with securities-fraud litigation announcements, remain key risks.

Barlow Wealth Partners LLC grew its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 191.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,262 shares of the software maker's stock after purchasing an additional 27,111 shares during the period. Barlow Wealth Partners LLC's holdings in Intuit were worth $11,227,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of INTU. Concurrent Investment Advisors LLC lifted its holdings in shares of Intuit by 129.2% in the second quarter. Concurrent Investment Advisors LLC now owns 16,232 shares of the software maker's stock worth $4,237,000 after buying an additional 9,151 shares in the last quarter. NEOS Investment Management LLC grew its stake in Intuit by 10.1% during the second quarter. NEOS Investment Management LLC now owns 210,096 shares of the software maker's stock valued at $54,835,000 after acquiring an additional 19,277 shares in the last quarter. AXQ Capital LP purchased a new position in Intuit during the second quarter valued at approximately $232,000. iSAM Funds UK Ltd bought a new stake in Intuit during the 2nd quarter worth approximately $240,000. Finally, Strengthening Families & Communities LLC increased its holdings in Intuit by 965.2% during the 2nd quarter. Strengthening Families & Communities LLC now owns 8,500 shares of the software maker's stock worth $2,218,000 after acquiring an additional 7,702 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors are increasingly viewing Intuit as a value opportunity after the sharp decline from its prior highs. Recent commentary highlighted the company’s solid fundamentals and potential upside if the stock eventually returns to its peak valuation. Forget AI Stocks: Buy This Tech Stock Now for Value and 130% Upside
• Positive Sentiment: Intuit’s fiscal 2026 results showed revenue growth of roughly 14%, while Credit Karma grew 20% and TurboTax grew 7%. The company also repurchased $5.5 billion of stock, has $7.9 billion remaining under its authorization, and raised its quarterly dividend 15% to $1.38 per share—supportive factors for the rebound. Intuit Gains as Investors Reassess Post-Earnings Selloff
• Positive Sentiment: Management scheduled an annual Investor Day for September 17. The event could provide additional detail on Intuit’s growth strategy, artificial-intelligence initiatives and its medium-term outlook, potentially helping stabilize investor expectations. Intuit to Host Annual Investor Day on September 17
• Neutral Sentiment: CFO Sandeep Aujla will present at the Goldman Sachs Communacopia + Technology Conference on September 10. Investors may look for updates on demand, TurboTax growth and the fiscal 2027 outlook. Intuit CFO Sandeep Aujla to Present at the Goldman Sachs Communacopia + Technology Conference
• Neutral Sentiment: KeyCorp’s published estimates call for approximately $23.06 in fiscal 2027 EPS and $26.84 in fiscal 2028 EPS, broadly consistent with current full-year expectations and indicating continued earnings growth, but not representing a new major forecast change. KeyCorp Intuit earnings estimates
• Negative Sentiment: Several law firms publicized a securities-fraud class action and a September 8 lead-plaintiff deadline. The complaints reportedly concern alleged misrepresentations about TurboTax growth prospects. The announcements do not establish wrongdoing, but they add legal and reputational overhang to the stock. Pomerantz Class Action Announcement
• Negative Sentiment: Fiscal 2027 guidance projects slower overall growth of 9% to 10%, with TurboTax growth of only 2% to 3%. That deceleration was the main reason for the earlier earnings-related pressure and remains a key risk despite the current recovery. Intuit Fiscal 2027 Outlook Analysis

Insider Buying and Selling

In other Intuit news, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Dalzell sold 338 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. The trade was a 2.67% 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. Insiders have sold 2,146 shares of company stock worth $662,666 over the last quarter. Company insiders own 2.49% of the company's stock.

Analysts Set New Price Targets

INTU has been the subject of several analyst reports. Freedom Capital downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Piper Sandler upped 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. Stifel Nicolaus set a $300.00 price objective on Intuit in a research report on Wednesday, August 26th. Royal Bank Of Canada dropped their price objective on Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Finally, Mizuho reduced their target price on Intuit from $500.00 to $430.00 and set an "outperform" rating for the company in a research report on Monday, August 17th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $434.68.

Intuit Trading Up 0.4%

NASDAQ INTU opened at $344.30 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock's 50-day simple moving average is $314.53 and its two-hundred day simple moving average is $354.54. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The company has a market capitalization of $94.18 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 0.98 and a beta of 0.98.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (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 analysts' expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period 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. Research analysts forecast that Intuit Inc. will post 23.49 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced 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. This is an increase from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit's payout ratio is currently 29.09%.

Intuit Company Profile

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.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source