CX Institutional Buys 47,059 Shares of Intuit Inc. $INTU

Key Points

• CX Institutional increased its Intuit stake by 2,520.6%, buying 47,059 additional shares to hold 48,926 shares valued at approximately $13.5 million. Institutional investors collectively own 83.66% of the company.
• Intuit exceeded quarterly expectations, reporting $4.03 in adjusted EPS and $4.35 billion in revenue, up 13.7% year over year. The company also raised its quarterly dividend from $1.20 to $1.38 per share, equivalent to a 2.0% yield.
• INTU shares recently traded at $281.08, below their 50-day and 200-day moving averages, while analyst sentiment remained mixed: the consensus rating was “Hold” with an average price target of $431.55.

CX Institutional raised its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 2,520.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,926 shares of the software maker's stock after acquiring an additional 47,059 shares during the quarter. CX Institutional's holdings in Intuit were worth $13,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of INTU. Fiduciary Financial Advisors bought a new stake in shares of Intuit during the second quarter valued at approximately $25,000. Sankala Group LLC bought a new position in Intuit in the 4th quarter worth approximately $40,000. Whipplewood Advisors LLC bought a new position in Intuit in the 1st quarter worth approximately $30,000. HHM Wealth Advisors LLC lifted its holdings in Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock worth $30,000 after buying an additional 30 shares in the last quarter. Finally, CrossGen Wealth LLC acquired a new position in Intuit during the 1st quarter worth $32,000. 83.66% of the stock is owned by institutional investors.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 285 shares of Intuit stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director owned 11,531 shares of the company's stock, valued at $3,751,726.16. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.49% of the company's stock.

Intuit Trading Down 0.6%

Shares of INTU stock traded down $1.70 during trading hours on Friday, reaching $281.08. The company had a trading volume of 2,739,477 shares, compared to its average volume of 4,298,254. The company has a 50 day moving average of $324.41 and a 200 day moving average of $338.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $75.12 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 0.80 and a beta of 1.01. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $689.17.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 25.97% and a net margin of 21.29%.The firm's revenue was up 13.7% on a year-over-year basis. During the same period last year, the company 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. On average, equities research analysts anticipate that Intuit Inc. will post 23.01 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, October 8th. This is an increase from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio is presently 29.09%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating and assigned a $385 price target, implying substantial upside from recent levels. The broader analyst consensus target is also considerably higher, at approximately $431.55.
• Positive Sentiment: Intuit expanded its NFL partnership through 2030, giving Intuit Intelligence exposure to an estimated 400 million fans. The agreement is intended to strengthen brand awareness and showcase Intuit’s broader financial software platform. Intuit Brings Intuit Intelligence to Football's Biggest Stage in Renewed NFL Partnership Through 2030
• Positive Sentiment: SimpleClosure and QuickBooks partnered to help businesses properly close state payroll-tax accounts, potentially improving QuickBooks’ value to small-business customers and accounting professionals. SimpleClosure and Intuit QuickBooks Partner to Help Businesses Stay Compliant When Closing Payroll Tax Accounts
• Positive Sentiment: Traders reportedly bought short-dated October call options after Jim Cramer did not include Intuit among companies he expects to be hurt by Meta’s new AI platform, signaling a near-term bullish trading interpretation. Intuit Wasn't on Cramer's Muse Casualty List, and Traders Just Piled Into Its October Calls
• Neutral Sentiment: Intuit appointed Dixie McCurley as its first managing partner in residence, a move designed to deepen relationships with accounting firms and strengthen partner engagement.
• Neutral Sentiment: The company is emphasizing faster customer growth in fiscal 2027 through lower-cost entry plans, sharper pricing and AI features. The strategy could expand QuickBooks and TurboTax adoption, but may also pressure near-term monetization.
• Negative Sentiment: Despite the positive developments, recent weakness reflects lingering investor concern about valuation, execution of the AI-driven growth strategy and competition from emerging AI platforms. The stock is trading below its key moving averages, keeping technical momentum cautious.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America cut Intuit from a "buy" rating to a "neutral" rating and set a $360.00 target price for the company. in a research note on Wednesday, August 26th. Mizuho reiterated an "outperform" rating and issued a $430.00 price target on shares of Intuit in a report on Friday, September 18th. Piper Sandler lifted their price objective on Intuit from $250.00 to $290.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 26th. Royal Bank Of Canada reissued an "outperform" rating and set a $385.00 price objective on shares of Intuit in a report on Friday. Finally, Barclays cut their target price on shares of Intuit from $443.00 to $408.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $431.55.

About Intuit

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

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

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.