Intuit Inc. $INTU Shares Newly Acquired by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC acquired 4,271 Intuit shares worth approximately $1.18 million, while institutional investors collectively own 83.66% of the company.
• Intuit reported quarterly EPS of $4.03, exceeding the $3.58 analyst consensus, while revenue reached $4.35 billion, up 13.7% year over year.
• The company increased its quarterly dividend from $1.20 to $1.38 per share, equivalent to an annualized $5.52 payout and a 1.8% yield; analysts maintain a consensus “Hold” rating with a $431.55 price target.

Sanders Morris Harris LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,271 shares of the software maker's stock, valued at approximately $1,178,000.

Several other large investors have also modified their holdings of INTU. Fiduciary Financial Advisors purchased a new position in Intuit in the 2nd quarter valued at $25,000. Osbon Capital Management LLC acquired a new position in Intuit in the 2nd quarter valued at $26,000. MidFirst Bank acquired a new position in Intuit in the 2nd quarter valued at $28,000. HHM Wealth Advisors LLC raised its position 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 during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Intuit during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Price Performance

Shares of NASDAQ INTU traded up $8.99 during trading on Wednesday, hitting $310.44. 2,922,800 shares of the company were exchanged, compared to its average volume of 4,269,594. The company has a market cap of $82.96 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 0.89 and a beta of 1.01. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $689.17. The firm's fifty day moving average price is $321.34 and its 200 day moving average price is $330.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business's revenue was up 13.7% compared to the same quarter last year. During the same quarter last 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, sell-side analysts expect that Intuit Inc. will post 23.01 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed 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 is a boost from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit's payout ratio is presently 33.45%.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors may view Intuit as undervalued after its substantial share-price decline, particularly because the company continues to generate strong earnings and revenue growth. Its expanded NFL partnership through 2030 could strengthen brand visibility and support customer engagement. Intuit Stock May Be Undervalued As NFL Partnership Expands Through 2030
• Positive Sentiment: RBC maintained an Outperform rating and a $385 price target, indicating substantial potential upside from recent trading levels and reinforcing the bullish case among analysts. RBC Keeps Outperform Rating on Intuit
• Positive Sentiment: Intuit’s latest quarterly results exceeded expectations, with adjusted earnings of $4.03 per share versus a $3.58 consensus estimate and revenue of $4.35 billion, up 13.7% year over year. The company also issued fiscal 2027 earnings guidance broadly consistent with analyst expectations.
• Neutral Sentiment: A new SimpleClosure partnership adds automated state payroll-tax account closure and business-dissolution support to QuickBooks Workforce. The feature may improve product value and customer retention, though its near-term financial contribution is unclear. Intuit Adds Payroll Tax Closure Support for QuickBooks Workforce
• Neutral Sentiment: Investor commentary comparing Intuit with Oracle highlights Intuit’s cheaper valuation, but also notes that Oracle has stronger momentum from AI-cloud demand, leaving the relative investment case dependent on Intuit’s ability to reignite growth. Intuit vs. Oracle: Which Tech Stock Is a Better Buy in 2026?
• Negative Sentiment: Intuit’s lower-cost Credit Karma Tax offerings are intended to win back do-it-yourself filers, but reduced pricing could pressure TurboTax revenue growth and limit fiscal 2027 expansion. Intuit’s Lower DIY Tax Pricing
• Negative Sentiment: Mailchimp remains a drag, with declining revenue and rising customer churn. Margin improvements, SMS adoption and retention initiatives provide a possible turnaround path, but execution risk remains high. Intuit’s Mailchimp Faces Headwinds

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 285 shares of the firm's stock in a transaction on 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 transaction, the director owned 11,531 shares in the company, valued at $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 Intuit 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 transaction, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at $564,167.12. This trade represents a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.49% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on INTU shares. BMO Capital Markets restated an "outperform" rating on shares of Intuit in a research note on Monday, September 21st. Evercore reiterated an "outperform" rating on shares of Intuit in a research note on Friday, September 18th. Piper Sandler increased their price target on shares of Intuit from $250.00 to $290.00 and gave the stock an "underweight" rating in a report on Wednesday, August 26th. Jefferies Financial Group cut their price target on shares of Intuit from $550.00 to $500.00 and set a "buy" rating for the company in a report on Sunday, August 23rd. Finally, Citigroup reduced their price objective on shares of Intuit from $591.00 to $457.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $431.55.

Intuit Company Profile

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.

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