148,165 Shares in Intuit Inc. $INTU Bought by Magellan Asset Management Ltd

Magellan Asset Management Ltd purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 148,165 shares of the software maker's stock, valued at approximately $38,671,000. Magellan Asset Management Ltd owned approximately 0.05% of Intuit as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in INTU. Globeflex Capital L P acquired a new stake in shares of Intuit during the 2nd quarter worth about $303,000. True Freedom Investing LLC acquired a new position in Intuit during the second quarter valued at approximately $2,942,000. Haverford Trust Co purchased a new stake in shares of Intuit during the second quarter valued at approximately $11,986,000. First Nebraska Trust Co bought a new stake in shares of Intuit in the second quarter worth $3,507,000. Finally, Bank of Nova Scotia bought a new stake in shares of Intuit in the second quarter worth $37,953,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Up 0.4%

NASDAQ INTU traded up $1.45 during trading on Monday, hitting $359.51. The stock had a trading volume of 1,842,109 shares, compared to its average volume of 4,382,581. The company has a market capitalization of $98.34 billion, a PE ratio of 21.79, a P/E/G ratio of 0.92 and a beta of 0.97. The company's 50-day moving average price is $307.36 and its two-hundred day moving average price is $356.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $2.75 earnings per share. The company'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. As a group, sell-side analysts forecast that Intuit Inc. will post 23.07 EPS for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be given a $1.38 dividend. This is a boost from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, October 8th. Intuit's dividend payout ratio (DPR) is presently 33.45%.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a partnership with Perplexity to integrate QuickBooks and Mailchimp into Perplexity Computer, an agentic AI assistant. The collaboration could help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management
• Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director directly owned 12,326 shares of the company's stock, valued at $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 business'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 directly owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 2,146 shares of company stock worth $662,666. Company insiders own 2.49% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on INTU. Truist Financial reduced their price target on shares of Intuit from $350.00 to $300.00 and set a "hold" rating for the company in a report on Wednesday, August 26th. Bank of America downgraded shares of Intuit from a "buy" rating to a "neutral" rating and set a $360.00 target price on the stock. in a research report on Wednesday, August 26th. Citigroup lowered their target price on Intuit from $591.00 to $457.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. Rothschild & Co Redburn lowered their price target on Intuit from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Tuesday, June 2nd. Finally, Freedom Capital cut Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $434.68.

Intuit Company Profile

Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.

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