Intuit Inc. $INTU Stake Lessened by Glenview Trust Co

Key Points

• Glenview Trust Co. cut its Intuit stake by 83% in the third quarter, selling 21,989 shares and retaining 4,495 shares valued at approximately $1.24 million. Despite the reduction, institutional investors collectively own 83.66% of Intuit.
• Institutional activity was mixed, with Virginia Retirement Systems, Parcion Private Wealth and other investors increasing their positions while some funds reduced holdings or exited, reflecting differing views on Intuit’s valuation and AI-driven growth strategy.
• Analysts maintain an overall “Hold” rating, with 16 Buy, 13 Hold and 2 Sell recommendations and an average price target of $431.55. Intuit recently exceeded quarterly earnings and revenue expectations and raised its quarterly dividend to $1.38 per share.

Glenview Trust Co reduced its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 83.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,495 shares of the software maker's stock after selling 21,989 shares during the period. Glenview Trust Co's holdings in Intuit were worth $1,239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Intuit by 17.6% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 216,500 shares of the software maker's stock valued at $59,691,000 after purchasing an additional 32,400 shares in the last quarter. Parcion Private Wealth LLC grew its stake in Intuit by 134.5% in the third quarter. Parcion Private Wealth LLC now owns 2,537 shares of the software maker's stock worth $699,000 after purchasing an additional 1,455 shares during the period. SS&H Financial Advisors Inc. raised its holdings in Intuit by 22.2% in the third quarter. SS&H Financial Advisors Inc. now owns 1,045 shares of the software maker's stock worth $288,000 after purchasing an additional 190 shares in the last quarter. Soltis Investment Advisors LLC raised its holdings in Intuit by 41.7% in the third quarter. Soltis Investment Advisors LLC now owns 1,781 shares of the software maker's stock worth $491,000 after purchasing an additional 524 shares in the last quarter. Finally, Founders Financial Securities LLC bought a new position in Intuit in the third quarter worth $752,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors responded favorably to Intuit’s expanded Intuit Intelligence platform, which adds automation and workflow capabilities across QuickBooks, Intuit Enterprise Suite and Intuit Accountant Suite. The company’s planned acquisition of Sequence would further strengthen quote-to-revenue and billing automation for mid-market customers. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Management’s previously reaffirmed fiscal 2027 outlook continues to support the bullish case, including expected full-year revenue growth of approximately 9% to 10%. Intuit also launched Credit Karma Tax with free federal filing and faster-refund features ahead of tax season, adding another potential growth catalyst. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Intuit will report fiscal first-quarter 2027 results after the market closes on November 19. The event gives investors a near-term opportunity to assess demand, AI monetization and whether the company is tracking toward its full-year guidance. Intuit to Announce First-Quarter Fiscal Year 2027 Results on Nov. 19
• Neutral Sentiment: Recent institutional activity was mixed: several large investors increased their positions, while others—including Wellington Management and T. Rowe Price—reduced holdings. The conflicting signals suggest continued debate over valuation and Intuit’s AI transition.
• Negative Sentiment: Matrix Asset Advisors reportedly exited Intuit amid uncertainty about the company’s AI-driven business model, highlighting concerns about execution, competitive pressure and the timing of returns from new technology investments. Intuit (INTU): Exiting Amid AI-Driven Business Model Uncertainty
• Negative Sentiment: Insider trading data showed more sales than purchases during the past six months, a modest cautionary signal, although the transactions do not necessarily indicate a change in management’s operating outlook.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTU. Morgan Stanley dropped their target price on shares of Intuit from $335.00 to $315.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 26th. Jefferies Financial Group decreased their price target on shares of Intuit from $550.00 to $500.00 and set a "buy" rating for the company in a research note on Sunday, August 23rd. Evercore reissued an "outperform" rating on shares of Intuit in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Intuit from $530.00 to $425.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. Finally, UBS Group restated a "neutral" rating on shares of Intuit in a report on Friday, September 18th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Intuit has an average rating of "Hold" and an average price target of $431.55.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $341.09 on Monday. The firm's 50 day moving average price is $319.38 and its 200-day moving average price is $362.39. The company has a market cap of $91.15 billion, a PE ratio of 20.67, a P/E/G ratio of 1.13 and a beta of 0.91. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $682.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating 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 firm had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same quarter in the prior year, the company posted $2.75 earnings per share. The business's revenue for the quarter was up 13.7% on a year-over-year basis. 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, equities research analysts expect that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were paid a dividend of $1.38 per share. The ex-dividend date was Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.6%. This is an increase from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio (DPR) is currently 33.45%.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 285 shares of the stock in a transaction that occurred 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 transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 the firm's stock in a transaction that occurred 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 sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.49% of the company's stock.

Intuit Company 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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