Intuit Inc. $INTU Stock Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings cut its Intuit stake by 22% in the third quarter, selling 4,566 shares and retaining 16,165 shares valued at approximately $4.46 million. Institutional investors collectively own 83.66% of Intuit.
• Intuit reported stronger-than-expected quarterly results, with EPS of $4.03 and revenue of $4.35 billion, representing 13.7% year-over-year revenue growth. The company also raised its quarterly dividend from $1.20 to $1.38 per share.
• Analyst sentiment remains mixed: several firms downgraded or maintained “hold” ratings, leaving Intuit with an overall “Hold” consensus and an average price target of $431.55.

Crossmark Global Holdings Inc. lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 22.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,165 shares of the software maker's stock after selling 4,566 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Intuit were worth $4,457,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. XXEC Inc. purchased a new position in shares of Intuit during the second quarter worth about $436,740,000. BlackRock Inc. purchased a new position in Intuit during the 2nd quarter worth approximately $6,851,859,000. Corient Private Wealth LP acquired a new position in Intuit during the second quarter worth approximately $40,545,000. Arrowstreet Capital Limited Partnership increased its position in Intuit by 102.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock worth $1,684,795,000 after buying an additional 1,972,719 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Intuit by 6.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker's stock worth $870,260,000 after buying an additional 215,814 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

NASDAQ:INTU opened at $343.39 on Friday. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $689.17. The company has a market cap of $91.77 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.17 and a beta of 1.01. 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 firm's 50 day moving average is $320.86 and its two-hundred day moving average is $325.56.

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, beating the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the company posted $2.75 EPS. The company'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. Analysts expect 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 boost from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 8th. Intuit's dividend payout ratio is currently 33.45%.

Insider Buying and Selling 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 stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares of the company's stock, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 company'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 directly owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.49% of the company's stock.

Analysts Set New Price Targets

INTU has been the subject of several research reports. JPMorgan Chase & Co. downgraded shares of Intuit from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $605.00 to $331.00 in a research report on Wednesday, August 26th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Intuit in a report on Monday, September 21st. Truist Financial reiterated a "hold" rating and set a $300.00 target price on shares of Intuit in a research note on Friday, September 18th. Stifel Nicolaus reissued a "hold" rating and set a $300.00 price target on shares of Intuit in a report on Friday, September 18th. Finally, Wolfe Research downgraded Intuit from an "outperform" rating to a "peer perform" 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 given a Sell rating to the company. According to MarketBeat, Intuit presently has an average rating of "Hold" and an average price target of $431.55.

Key Stories 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

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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