Intuit Inc. $INTU Shares Sold by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. reduced its Intuit stake by 25.2% in the second quarter, selling 19,635 shares and retaining 58,281 shares valued at approximately $15.2 million. Institutional investors collectively own 83.66% of Intuit.
• Analyst sentiment is mixed, with 17 Buy, 11 Hold and 3 Sell ratings; the consensus rating is Hold, with an average price target of $434.68. Intuit shares recently traded at $359.51, well below their 52-week high of $705.08.
• Intuit exceeded quarterly expectations with $4.03 in EPS and $4.35 billion in revenue, while revenue rose 13.7% year over year. The company also raised its quarterly dividend to $1.38 per share, equivalent to a 1.5% annual yield.

Benjamin Edwards Inc. lessened its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 25.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 58,281 shares of the software maker's stock after selling 19,635 shares during the period. Benjamin Edwards Inc.'s holdings in Intuit were worth $15,217,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after acquiring an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after purchasing an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the first quarter worth approximately $785,564,000. Sivia Capital Partners LLC boosted its position in shares of Intuit by 23.1% in the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock worth $698,000 after acquiring an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC boosted its position in shares of Intuit by 12.2% in the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock worth $370,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Freedom Capital lowered shares of Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. Evercore restated an "outperform" rating on shares of Intuit in a research report on Tuesday, August 18th. Northcoast Research reduced their price objective on shares of Intuit from $575.00 to $465.00 and set a "buy" rating for the company in a report on Thursday, May 21st. HSBC cut their price target on shares of Intuit from $897.00 to $707.00 and set a "buy" rating for the company in a report on Friday, May 22nd. Finally, Jefferies Financial Group dropped their target price on Intuit from $550.00 to $500.00 and set a "buy" rating on the stock in a report on Sunday, August 23rd. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $434.68.

Intuit Trading Up 0.4%

Shares of INTU stock traded up $1.45 during mid-day trading on Monday, reaching $359.51. 1,842,109 shares of the stock traded hands, compared to its average volume of 4,382,581. The stock's fifty day simple moving average is $307.36 and its two-hundred day simple moving average is $356.13. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08. The company has a market cap of $98.34 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU - Get Free Report) last posted 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. 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 firm earned $2.75 earnings per share. The firm's quarterly revenue was up 13.7% on a year-over-year basis. 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, research analysts anticipate that Intuit Inc. will post 23.07 EPS 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 dividend of $1.38 per share. This is a boost from Intuit's previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.5%. Intuit's dividend payout ratio (DPR) is 33.45%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a partnership with Perplexity to integrate QuickBooks and Mailchimp into Perplexity Computer, an agentic AI assistant. The collaboration could help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management
• Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings

Insider Buying and Selling at Intuit

In other news, CAO Lauren D. 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 transaction, the chief accounting officer owned 1,628 shares of the company's stock, valued at $564,167.12. This represents a 35.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the company's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 2,146 shares of company stock worth $662,666. Company insiders own 2.49% of the company's stock.

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.