Benjamin Edwards Inc. Has $15.22 Million Holdings in Intuit Inc. $INTU

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 $15.22 million. Institutional investors collectively own 83.66% of Intuit.
• Intuit exceeded quarterly expectations, reporting $4.03 in EPS and $4.35 billion in revenue, with revenue up 13.7% year over year. The company also raised its quarterly dividend from $1.20 to $1.38 per share, producing a 1.5% yield.
• Analyst sentiment remains mixed, with several firms cutting price targets and Bank of America downgrading the stock to neutral. Concerns center on TurboTax underperformance, competitive pricing pressure and slower projected growth, despite potential support from AI adoption, mid-market expansion and share repurchases.

Benjamin Edwards Inc. decreased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 25.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,281 shares of the software maker's stock after selling 19,635 shares during the quarter. Benjamin Edwards Inc.'s holdings in Intuit were worth $15,217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTU. Flputnam Investment Management Co. lifted its stake in Intuit by 800.8% in the second quarter. Flputnam Investment Management Co. now owns 15,098 shares of the software maker's stock valued at $3,941,000 after buying an additional 13,422 shares during the period. Van Den Berg Management I Inc. grew its position in shares of Intuit by 264.2% during the 2nd quarter. Van Den Berg Management I Inc. now owns 25,020 shares of the software maker's stock worth $6,530,000 after buying an additional 18,151 shares during the period. Wedbush Securities Inc. grew its position in shares of Intuit by 5.9% during the 2nd quarter. Wedbush Securities Inc. now owns 5,549 shares of the software maker's stock worth $1,448,000 after buying an additional 307 shares during the period. Sheets Smith Wealth Management increased its stake in shares of Intuit by 0.3% in the 2nd quarter. Sheets Smith Wealth Management now owns 12,128 shares of the software maker's stock valued at $3,165,000 after acquiring an additional 40 shares in the last quarter. Finally, Delta Asset Management LLC TN increased its stake in shares of Intuit by 13.2% in the 2nd quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker's stock valued at $67,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Up 2.9%

NASDAQ:INTU opened at $358.06 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. Intuit Inc. has a one year low of $252.84 and a one year high of $705.08. The company has a market cap of $97.94 billion, a PE ratio of 21.70, a PEG ratio of 0.92 and a beta of 0.97. The firm has a 50-day moving average of $307.36 and a 200-day moving average of $356.70.

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. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, equities research analysts expect that Intuit Inc. will post 23.07 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.5%. This is an increase from Intuit's previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. Intuit's dividend payout ratio is currently 29.09%.

Analyst Ratings Changes

A number of research firms have commented on INTU. Bank of America cut shares of Intuit from a "buy" rating to a "neutral" rating and set a $360.00 price target for the company. in a report on Wednesday. Rothschild & Co Redburn dropped their price objective on shares of Intuit from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Intuit from $530.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. Daiwa Securities Group reduced their target price on Intuit from $640.00 to $500.00 and set a "buy" rating for the company in a research note on Wednesday, May 27th. Finally, Argus decreased their target price on Intuit from $580.00 to $480.00 and set a "buy" rating for the company in a research report on Friday, May 22nd. Seventeen analysts have rated the stock with a Buy rating, eleven have given 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 a consensus target price of $434.68.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 284 shares of the company's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction dated 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 approximately $564,167.12. This represents a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,146 shares of company stock valued at $662,666 over the last three months. 2.49% of the stock is currently owned by insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Management’s planned strategy to reduce initial revenue per TurboTax do-it-yourself customer could help restore customer volume and support longer-term growth. The approach suggests the weakness is a strategic reset focused on winning back users rather than an immediate deterioration in the overall business. Intuit is Lowering TurboTax Revenue per User to Win Customers
• Positive Sentiment: Analysts and investors continue to point to Intuit’s mid-market expansion, artificial-intelligence adoption and substantial share repurchases as potential offsets to slower consumer-tax growth. One analysis characterized the earnings reset as a pivot rather than a breakdown in the company’s fundamentals. Intuit’s Earnings Reset May Be More Pivot Than Plunge
• Neutral Sentiment: Intuit is reorganizing its reporting structure, with Mailchimp becoming a separate reportable segment beginning in fiscal 2027. This may improve transparency around the company’s different growth engines but does not by itself change financial performance. Mailchimp Becomes a Separate Operating Segment
• Negative Sentiment: TurboTax underperformance and competitive pricing pressure remain the primary concerns. Fiscal 2027 revenue growth is expected at only 9% to 10%, with TurboTax growth projected at 2% to 3%; near-term revenue guidance also trailed analyst estimates. Intuit’s Real Problem Is Not on Its Income Statement
• Negative Sentiment: Several firms lowered their ratings or price targets, including downgrades from Bank of America, JPMorgan and Wolfe Research and target reductions from Oppenheimer and Truist. The analyst actions reflect concern that the slower-growth outlook warrants a lower valuation.
• Negative Sentiment: Multiple law firms publicized securities-fraud class-action deadlines for September 8, alleging that Intuit misrepresented the strength of its tax-related business. These announcements add reputational and potential legal overhang, although the allegations have not been proven.

Intuit 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; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

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