Intuit Inc. $INTU Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners LLC cut its Intuit stake by 97.2% in the third quarter, selling 119,581 shares and retaining 3,459 shares valued at approximately $954,000. Institutional investors collectively own 83.66% of Intuit.
• Analyst sentiment is mixed, with 16 Buy, 12 Hold and 3 Sell ratings, resulting in an overall Hold consensus and an average price target of $431.55.
• Intuit exceeded quarterly expectations with $4.03 in adjusted earnings per share and $4.35 billion in revenue, while raising its quarterly dividend to $1.38 per share. The company is also pursuing AI-driven expansion through its planned acquisition of revenue-management platform Sequence.

Curated Wealth Partners LLC reduced its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 97.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,459 shares of the software maker's stock after selling 119,581 shares during the quarter. Curated Wealth Partners LLC's holdings in Intuit were worth $954,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of INTU. Fiduciary Financial Advisors acquired a new position in shares of Intuit during the second quarter worth $25,000. Osbon Capital Management LLC bought a new stake in shares of Intuit in the second quarter worth $26,000. MidFirst Bank bought a new stake in shares of Intuit in the second quarter worth $28,000. HHM Wealth Advisors LLC increased its holdings in Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock valued at $30,000 after purchasing an additional 30 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in Intuit in the first quarter valued at $30,000. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on INTU shares. Bank of America lowered Intuit from a "buy" rating to a "neutral" rating and set a $360.00 target price for the company. in a research report on Wednesday, August 26th. Weiss Ratings reissued a "sell (d+)" rating on shares of Intuit in a research note on Tuesday, September 8th. The Goldman Sachs Group restated a "sell" rating on shares of Intuit in a research report on Thursday, September 24th. TD Cowen restated a "hold" rating and set a $346.00 price objective on shares of Intuit in a research report on Friday, September 18th. Finally, Susquehanna cut their price objective on Intuit from $427.00 to $415.00 and set a "positive" rating on the stock 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $431.55.

Intuit News Roundup

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

Intuit Trading Up 6.4%

INTU opened at $330.17 on Friday. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $689.17. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $321.16 and a 200-day moving average of $328.64. The stock has a market cap of $88.23 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.01.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping 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%. Intuit's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.75 earnings per share. 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 predict that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. 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 (DPR) is 33.45%.

Insider Activity

In other news, Director Richard L. Dalzell sold 285 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director directly owned 11,531 shares of the company's stock, valued at $3,751,726.16. The trade was a 2.41% decrease in their position. The sale 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 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 sale, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.49% of the company's stock.

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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