Intuit Inc. $INTU Holdings Lowered by Barlow Wealth Partners LLC

Key Points

• Barlow Wealth Partners cut its Intuit position by 97.8% in the third quarter, selling 40,351 shares and retaining 911 shares worth approximately $264,000. Institutional investors collectively own 83.66% of Intuit.
• Intuit plans to acquire AI-native revenue-management platform Sequence, a move intended to strengthen QuickBooks and Intuit Enterprise Suite with expanded pricing, billing, invoicing and collections capabilities. Financial terms were not disclosed.
• Intuit reported quarterly revenue of $4.35 billion and EPS of $4.03, exceeding analyst expectations, while increasing its quarterly dividend to $1.38 from $1.20. Analysts maintain a consensus “Hold” rating with an average price target of $431.55.

Barlow Wealth Partners LLC trimmed its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 97.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 911 shares of the software maker's stock after selling 40,351 shares during the period. Barlow Wealth Partners LLC's holdings in Intuit were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. RDA Financial Network raised its stake in Intuit by 3.6% during the 3rd quarter. RDA Financial Network now owns 4,546 shares of the software maker's stock valued at $1,253,000 after acquiring an additional 159 shares in the last quarter. TT Capital Management LLC acquired a new stake in Intuit in the third quarter worth about $245,000. Chiron Capital Management LLC grew its position in Intuit by 50.0% in the 3rd quarter. Chiron Capital Management LLC now owns 1,200 shares of the software maker's stock valued at $331,000 after buying an additional 400 shares in the last quarter. WealthPlan Investment Management LLC increased its stake in Intuit by 21.5% during the 3rd quarter. WealthPlan Investment Management LLC now owns 1,018 shares of the software maker's stock valued at $281,000 after buying an additional 180 shares during the period. Finally, Nvwm LLC increased its stake in Intuit by 1,107.7% during the 3rd quarter. Nvwm LLC now owns 157 shares of the software maker's stock valued at $43,000 after buying an additional 144 shares during the period. 83.66% of the stock is owned by institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Sequence automates the end-to-end quote-to-revenue process, including pricing, contracts, invoicing, collections and revenue recognition. Its support for usage-, seat- and milestone-based billing could broaden Intuit’s appeal to software, professional-services and other businesses with complex billing needs. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: The acquisition is expected to add capabilities to Intuit’s financial system of intelligence and strengthen Intuit Enterprise Suite and QuickBooks Online Advanced. Investors interpreted the transaction as evidence that Intuit is using AI to expand beyond its traditional small-business and consumer tax markets. Intuit deal signals bet on AI demand in revenue management
• Positive Sentiment: The announcement triggered a broad rally in INTU as market participants focused on potential long-term cross-selling opportunities and growth in mid-market financial-management software. Financial terms were not disclosed, leaving the immediate earnings impact uncertain. Why Intuit Stock Is Trading Up Today

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 285 shares of the company's stock in a transaction 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 completion of the transaction, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company's stock in a transaction on Thursday, August 27th. The shares were 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 approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.49% of the company's stock.

Intuit Stock Performance

INTU stock opened at $330.17 on Friday. The firm has a 50 day moving average of $321.16 and a two-hundred day moving average of $328.64. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $689.17. The company has a market capitalization of $88.23 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 0.91 and a beta of 1.01. 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 (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business 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 analysts anticipate that Intuit Inc. will post 23.02 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. Stockholders of record on Thursday, October 8th will be paid a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. Intuit's dividend payout ratio is 33.45%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on INTU shares. Barclays cut their target price on Intuit from $443.00 to $408.00 and set an "overweight" rating for the company in a research report on Wednesday, August 26th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $385.00 price target on shares of Intuit in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Intuit from $530.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Intuit in a research note on Monday, September 21st. Finally, Mizuho reiterated an "outperform" rating and issued a $430.00 price target on shares of Intuit in a research report on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Intuit currently has a consensus rating of "Hold" and a consensus price target 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.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU - Free Report).

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.