Intuit Inc. $INTU Stock Bought by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Intuit stake by 2,035.2% in the third quarter, ending with 30,000 shares worth approximately $8.27 million. Hedge funds and other institutional investors collectively own 83.66% of Intuit.
• Intuit reported quarterly results above expectations, with $4.03 in adjusted earnings per share and $4.35 billion in revenue, up 13.7% year over year. The company also raised its quarterly dividend to $1.38, or $5.52 annually.
• Analyst sentiment is mixed: Intuit has an overall “Hold” consensus rating and a $431.55 average price target, while recent downgrades reflect concerns about valuation and the execution of its AI strategy.

International Assets Investment Management LLC raised its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 2,035.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,000 shares of the software maker's stock after acquiring an additional 28,595 shares during the period. International Assets Investment Management LLC's holdings in Intuit were worth $8,271,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of INTU. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Intuit by 17.6% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 216,500 shares of the software maker's stock valued at $59,691,000 after acquiring an additional 32,400 shares during the last quarter. Parcion Private Wealth LLC boosted its position in Intuit by 134.5% during the 3rd quarter. Parcion Private Wealth LLC now owns 2,537 shares of the software maker's stock valued at $699,000 after acquiring an additional 1,455 shares in the last quarter. SS&H Financial Advisors Inc. boosted its position in Intuit by 22.2% during the 3rd quarter. SS&H Financial Advisors Inc. now owns 1,045 shares of the software maker's stock valued at $288,000 after acquiring an additional 190 shares in the last quarter. Soltis Investment Advisors LLC boosted its position in Intuit by 41.7% during the 3rd quarter. Soltis Investment Advisors LLC now owns 1,781 shares of the software maker's stock valued at $491,000 after acquiring an additional 524 shares in the last quarter. Finally, Founders Financial Securities LLC purchased a new position in shares of Intuit in the 3rd quarter valued at $752,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Intuit

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.

Analyst Upgrades and Downgrades

INTU has been the topic of several analyst reports. Mizuho reiterated an "outperform" rating and issued a $430.00 target price on shares of Intuit in a research note on Friday, September 18th. Truist Financial restated a "hold" rating and issued a $300.00 price target on shares of Intuit in a report on Friday, September 18th. JPMorgan Chase & Co. downgraded shares of Intuit from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $605.00 to $331.00 in a research report on Wednesday, August 26th. Weiss Ratings upgraded shares of Intuit from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday. Finally, Citigroup decreased their target price 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 research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $431.55.

Insider Activity at Intuit

In other news, CAO Lauren D. Hotz sold 907 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the company'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 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.49% of the company's stock.

Intuit Price Performance

Shares of INTU opened at $341.09 on Friday. The firm has a market capitalization of $91.15 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.13 and a beta of 1.01. 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 1-year low of $252.84 and a 1-year high of $682.27. The company's fifty day moving average price is $319.38 and its 200-day moving average price is $362.39.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. 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. On average, equities research analysts predict that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

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

About Intuit

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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