Corient Private Wealth LP Trims Stake in Intuit Inc. $INTU

Key Points

• Corient Private Wealth reduced its Intuit stake by 4.2% in the second quarter, selling 5,304 shares and retaining 120,422 shares valued at approximately $31.4 million. Institutional investors collectively own 83.66% of the company.
• Intuit reported quarterly earnings of $4.03 per share and revenue of $4.35 billion, beating estimates, while revenue increased 13.7% year over year. The company also issued fiscal 2027 guidance of $22.88–$23.12 in EPS.
• Analyst views remain mixed, with a consensus rating of Hold and an average price target of $430.97; Intuit also raised its quarterly dividend to $1.38 per share, representing a 1.7% yield.

Corient Private Wealth LP cut its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,422 shares of the software maker's stock after selling 5,304 shares during the period. Corient Private Wealth LP's holdings in Intuit were worth $31,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. XXEC Inc. purchased a new stake in Intuit in the second quarter worth about $436,740,000. California State Teachers Retirement System grew its holdings in Intuit by 25,506.0% during the 2nd quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker's stock worth $28,277,368,000 after acquiring an additional 107,919,292 shares in the last quarter. BlackRock Inc. purchased a new position in Intuit during the 2nd quarter valued at about $6,851,859,000. Norges Bank purchased a new position in Intuit during the 4th quarter valued at about $3,058,407,000. Finally, Bank of America Corp DE purchased a new position in Intuit during the 2nd quarter valued at about $589,841,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $385 price target, implying meaningful upside from recent trading levels. The endorsement supports the view that Intuit’s valuation does not fully reflect its long-term growth opportunities.
• Positive Sentiment: Intuit’s CFO outlined plans to build an “end-to-end consumer platform” spanning tax, personal finance, credit and other financial-management services. Greater integration across TurboTax, Credit Karma and related products could increase customer engagement, cross-selling and recurring revenue. Intuit CFO outlines consumer platform strategy
• Positive Sentiment: A review of Intuit’s latest quarterly results highlighted its earnings beat and double-digit revenue growth, reinforcing the company’s strong fundamental performance relative to parts of the finance and human-resources software sector. Intuit Q2 earnings review
• Neutral Sentiment: Director Richard Dalzell sold 285 shares worth approximately $92,728 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his ownership by 2.41%, but its planned nature limits its value as a signal about management’s current outlook. Intuit insider transaction filing
• Negative Sentiment: A tax-policy analysis criticized Intuit for reportedly paying no federal corporate income tax, potentially renewing reputational and regulatory concerns surrounding TurboTax and the tax-preparation industry. The report is unlikely to affect near-term earnings but may add headline risk. ITEP analysis of Intuit’s federal taxes

Analysts Set New Price Targets

INTU has been the topic of a number of recent research reports. Susquehanna dropped their price objective on shares of Intuit from $427.00 to $415.00 and set a "positive" rating on the stock in a research note on Wednesday, August 26th. Jefferies Financial Group reduced their price objective on shares of Intuit from $550.00 to $500.00 and set a "buy" rating for the company in a research note on Sunday, August 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $385.00 price objective on shares of Intuit in a research note on Friday. Piper Sandler upped their target price on Intuit from $250.00 to $290.00 and gave the stock an "underweight" rating in a report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. cut Intuit from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $605.00 to $331.00 in a research report on Wednesday, August 26th. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $430.97.

Intuit Price Performance

Shares of Intuit stock opened at $321.57 on Monday. The firm's 50 day moving average price is $320.93 and its 200-day moving average price is $352.02. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $705.08. The company has a market cap of $85.94 billion, a P/E ratio of 19.49, a PEG ratio of 0.92 and a beta of 0.98.

Intuit (NASDAQ:INTU - Get Free Report) last posted its 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 company had revenue of $4.35 billion during 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%. Intuit's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.75 earnings per share. 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 predict that Intuit Inc. will post 23.49 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be issued a dividend of $1.38 per share. The ex-dividend date is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend 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%.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of 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. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer directly 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 1,760 shares of company stock valued at $561,683 in the last three months. Insiders own 2.49% of the company's stock.

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.

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