Intuit Inc. $INTU Shares Sold by Andra AP fonden

Key Points

• Andra AP fonden reduced its Intuit stake by 14.4% in the second quarter, selling 7,240 shares and retaining 43,040 shares valued at approximately $11.2 million. Institutional investors collectively own 83.66% of Intuit.
• Intuit exceeded quarterly earnings and revenue estimates, with revenue rising 13.7% year over year, but its fiscal 2027 outlook implies slower 9%–10% growth. Analysts maintain a consensus “Hold” rating, with an average price target of $431.55.
• Intuit raised its quarterly dividend to $1.38 per share from $1.20, equivalent to an annualized $5.52 dividend and a 1.9% yield. Shares opened at $292.35, below both their 50-day and 200-day moving averages.

Andra AP fonden trimmed its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 14.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,040 shares of the software maker's stock after selling 7,240 shares during the period. Andra AP fonden's holdings in Intuit were worth $11,233,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fiduciary Financial Advisors acquired a new stake in Intuit in the second quarter worth $25,000. Osbon Capital Management LLC acquired a new position in shares of Intuit during the second quarter worth approximately $26,000. MidFirst Bank bought a new position in Intuit in the 2nd quarter worth approximately $28,000. HHM Wealth Advisors LLC grew its holdings in Intuit by 75.0% in 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, Whipplewood Advisors LLC acquired a new stake in Intuit in the 1st quarter valued at approximately $30,000. Institutional investors own 83.66% of the company's stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Growth initiatives remain a potential offset. Intuit’s “Big Bets”—including AI-enabled tax, money-management and mid-market offerings—now generate roughly 30% of revenue and are growing at more than 30%, giving investors a potential longer-term growth engine. INTU's Big Bets Keep Scaling: Can These Become Its Main Growth Engine?
• Neutral Sentiment: Recent financial results were solid, but forward expectations are the focus. Intuit’s latest reported quarter exceeded revenue and earnings estimates, with revenue up 13.7% year over year. However, the company’s fiscal 2027 outlook calls for 9%–10% revenue growth, below fiscal 2026’s 14% pace. The stock is trading below both its 50-day and 200-day moving averages, reflecting cautious investor sentiment.
• Neutral Sentiment: Institutional positioning is mixed. Several large investors, including Invesco, JPMorgan and FIL, added shares in the second quarter, while T. Rowe Price and Wellington reduced their positions. This suggests disagreement among professional investors about Intuit’s growth reset and valuation.
• Negative Sentiment: Meta’s Muse AI agent has intensified disruption fears. Traders are concerned that increasingly capable AI agents could reduce demand for traditional software products, including Intuit’s legacy offerings. The uncertainty has contributed to a broader risk-off move in enterprise software stocks. Intuit Stock Slides Amid Meta's AI Collaboration Uncertainty
• Negative Sentiment: Investor Day reinforced concerns about slower near-term growth. Fiscal 2027 TurboTax revenue is expected to grow only 2%–3%, while Mailchimp revenue is projected to be flat to down 1%. The outlook offered no clear upside surprise, and TurboTax federal units already declined 2% in fiscal 2026. Intuit Falls as Investor Day Reaffirmed a Slower Growth Outlook

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley reduced their price target on Intuit from $335.00 to $315.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 26th. Oppenheimer cut their price objective on shares of Intuit from $406.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 26th. 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 report on Thursday, August 13th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Intuit in a research report on Tuesday, September 8th. Finally, Piper Sandler raised their target price on shares of Intuit from $250.00 to $290.00 and gave the company an "underweight" rating in a research note 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $431.55.

Intuit Stock Performance

Intuit stock opened at $292.35 on Wednesday. The firm's 50 day simple moving average is $326.00 and its 200-day simple moving average is $347.54. The company has a market cap of $78.13 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 0.89 and a beta of 0.98. 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 Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $703.96.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping analysts' consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company posted $2.75 EPS. The business's quarterly revenue was up 13.7% compared to the same quarter last year. 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 research analysts predict that Intuit Inc. will post 23.01 EPS for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be given a $1.38 dividend. This is a positive change from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit's payout ratio is presently 29.09%.

Insider Buying and Selling at Intuit

In other news, Director Richard Dalzell sold 285 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the stock in a transaction dated Thursday, August 27th. The shares were 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 in the company, 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. Corporate 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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