Intuit Inc. $INTU Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management cut its Intuit stake by 44.9% in the third quarter, selling 21,738 shares and retaining 26,648 shares valued at approximately $7.35 million. Institutional investors collectively own 83.66% of Intuit.
• Analyst sentiment is mixed: 16 analysts rate Intuit a Buy, 12 a Hold and three a Sell, resulting in a consensus “Hold” rating and an average price target of $431.55.
• Intuit’s latest results exceeded expectations, with quarterly revenue rising 13.7% year over year to $4.35 billion and EPS reaching $4.03; the company also increased its quarterly dividend to $1.38, or $5.52 annually.

Evergreen Capital Management LLC trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 44.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,648 shares of the software maker's stock after selling 21,738 shares during the quarter. Evergreen Capital Management LLC's holdings in Intuit were worth $7,347,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. XXEC Inc. purchased a new stake in Intuit during the 2nd quarter worth approximately $436,740,000. BlackRock Inc. acquired a new position in shares of Intuit in the 2nd quarter valued at approximately $6,851,859,000. Corient Private Wealth LP purchased a new position in shares of Intuit during the 2nd quarter valued at approximately $40,545,000. Bank of America Corp DE acquired a new stake in shares of Intuit during the second quarter worth approximately $589,841,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Intuit during the second quarter worth approximately $564,592,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit Ventures participated in Coast’s $35 million growth-equity financing. The investment expands Intuit’s exposure to a financial platform serving small and mid-sized physical-economy businesses and could support future ecosystem opportunities. Coast Raises $35 Million to Build the Financial Platform for the Physical Economy
• Positive Sentiment: Intuit introduced a free, AI-powered federal tax-filing service through Credit Karma Tax, featuring error checks, refund optimization and real-time assistance. The product may increase customer engagement, although monetization and execution remain key questions. Intuit Rolls Out Free Federal AI Tax Filing
• Positive Sentiment: A bullish investment thesis highlights Intuit’s approximately 81% gross margin, substantial free-cash-flow generation and comparatively lower forward valuation as potential support for a rebound. These arguments may attract value-oriented investors after the stock’s recent decline. Intuit vs. PayPal and XYZ
• Neutral Sentiment: Intuit joined Wells Fargo and Arm in objecting to the unauthorized tokenization of their shares on OKX. The dispute concerns trading and regulatory rights rather than Intuit’s operations, so the direct earnings impact is likely limited. Companies Rejecting Tokenized Shares on OKX
• Negative Sentiment: Broyhill Asset Management disclosed that it was moving from Intuit to Microsoft, reflecting concerns about software quality or relative investment appeal. One manager’s decision is not a fundamental downgrade, but it can reinforce negative sentiment toward INTU. Broyhill Moves from Intuit to Microsoft
• Negative Sentiment: Analyst commentary has cited softer results, competitive pressure, AI-related execution risks and the stock’s underperformance as reasons to sell. This weighs on confidence despite Intuit’s latest earnings beat and double-digit revenue growth. 3 Reasons to Sell INTU

Analyst Upgrades and Downgrades

INTU has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a $385.00 price target on shares of Intuit in a research note on Friday, October 2nd. BMO Capital Markets reiterated an "outperform" rating on shares of Intuit in a research note on Monday, September 21st. Weiss Ratings reissued a "sell (d+)" rating on shares of Intuit in a report on Tuesday, September 8th. Oppenheimer decreased their price objective on shares of Intuit from $406.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, August 26th. Finally, Wells Fargo & Company dropped their target price 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. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Intuit currently has a consensus rating of "Hold" and an average target price of $431.55.

Intuit Price Performance

Shares of INTU opened at $343.39 on Monday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $689.17. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a market cap of $91.77 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.13 and a beta of 1.01. The stock has a 50 day moving average of $320.86 and a 200-day moving average of $324.91.

Intuit (NASDAQ:INTU - Get Free Report) last issued 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. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same period in the prior year, the company earned $2.75 earnings per share. The firm's 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, analysts forecast that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were issued a $1.38 dividend. This is a positive change from Intuit's previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit's dividend payout ratio (DPR) is 33.45%.

Insider Activity at Intuit

In related news, CAO Lauren D. Hotz sold 907 shares of the company's stock in a transaction 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 transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of the 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 sale, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.49% of the company's stock.

Intuit Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company's principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.

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