41,692 Shares in Intuit Inc. $INTU Bought by Dearborn Partners LLC

Dearborn Partners LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 41,692 shares of the software maker's stock, valued at approximately $18,027,000.

Several other hedge funds have also recently added to or reduced their stakes in INTU. Algert Global LLC acquired a new stake in shares of Intuit during the 2nd quarter worth about $7,440,000. Ally Financial Inc. purchased a new stake in shares of Intuit during the second quarter valued at approximately $1,305,000. ICONIQ Capital LLC bought a new stake in shares of Intuit in the second quarter worth $211,000. Infrastructure Capital Advisors LLC bought a new stake in shares of Intuit in the second quarter worth $217,000. Finally, Cibc World Market Inc. bought a new stake in Intuit during the second quarter valued at $9,097,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Intuit

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

Intuit Stock Performance

INTU traded up $1.45 during trading hours on Monday, reaching $359.51. The company's stock had a trading volume of 1,842,109 shares, compared to its average volume of 4,382,581. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The company's 50-day moving average is $307.36 and its 200-day moving average is $356.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. The firm has a market cap of $98.34 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data 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 firm 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 company's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $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 analysts forecast that Intuit Inc. will post 23.07 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit's payout ratio is presently 33.45%.

Insider Buying and Selling

In other news, CAO Lauren D. Hotz sold 907 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the business's stock in a transaction that occurred 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 sale, the director owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 2,146 shares of company stock worth $662,666. 2.49% of the stock is owned by insiders.

Analyst Ratings Changes

INTU has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on shares of Intuit from $360.00 to $300.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 26th. Weiss Ratings downgraded Intuit from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, June 11th. Bank of America downgraded Intuit from a "buy" rating to a "neutral" rating and set a $360.00 price objective on the stock. in a report on Wednesday, August 26th. Susquehanna reduced their price objective on Intuit from $427.00 to $415.00 and set a "positive" rating for the company in a research report on Wednesday, August 26th. Finally, Mizuho lowered their target price on shares of Intuit from $500.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday, August 17th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuit has an average rating of "Hold" and a consensus target price of $434.68.

About Intuit

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.

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