NewEdge Advisors LLC Lowers Holdings in Intuit Inc. $INTU

Key Points

• NewEdge Advisors cut its Intuit stake by 27.1% in the second quarter, selling 9,994 shares and retaining 26,904 shares valued at approximately $7.0 million. Institutional investors collectively own 83.66% of Intuit.
• Analysts remain broadly constructive but cautious, with 17 Buy, 11 Hold and 3 Sell ratings and a consensus price target of $430.97 versus the stock’s recent price of $321.57.
• Intuit reported stronger-than-expected quarterly results, including $4.03 in adjusted EPS and $4.35 billion in revenue, up 13.7% year over year. The company also raised its quarterly dividend from $1.20 to $1.38 per share, equating to a 1.7% yield.

NewEdge Advisors LLC reduced its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 27.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,904 shares of the software maker's stock after selling 9,994 shares during the period. NewEdge Advisors LLC's holdings in Intuit were worth $7,022,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit during the fourth quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. bought a new stake in Intuit in the third quarter worth $33,000. Birchwood Financial Partners Inc. purchased a new position in Intuit during the fourth quarter worth $33,000. Fiduciary Financial Advisors bought a new position in Intuit during the second quarter valued at $25,000. Finally, Sankala Group LLC purchased a new stake in shares of Intuit in the fourth quarter valued at $40,000. Institutional investors own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INTU. Piper Sandler lifted their price target on shares of Intuit from $250.00 to $290.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 26th. BMO Capital Markets reissued an "outperform" rating on shares of Intuit in a research note on Wednesday, August 26th. Mizuho dropped their target price on Intuit from $500.00 to $430.00 and set an "outperform" rating for the company in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft cut their target price on Intuit from $530.00 to $425.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. Finally, KeyCorp set a $400.00 price target on Intuit in a research note on Wednesday, August 26th. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Intuit has an average rating of "Hold" and a consensus price target of $430.97.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $385 price target, implying meaningful upside from recent trading levels. The endorsement supports the view that Intuit’s valuation does not fully reflect its long-term growth opportunities.
• Positive Sentiment: Intuit’s CFO outlined plans to build an “end-to-end consumer platform” spanning tax, personal finance, credit and other financial-management services. Greater integration across TurboTax, Credit Karma and related products could increase customer engagement, cross-selling and recurring revenue. Intuit CFO outlines consumer platform strategy
• Positive Sentiment: A review of Intuit’s latest quarterly results highlighted its earnings beat and double-digit revenue growth, reinforcing the company’s strong fundamental performance relative to parts of the finance and human-resources software sector. Intuit Q2 earnings review
• Neutral Sentiment: Director Richard Dalzell sold 285 shares worth approximately $92,728 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his ownership by 2.41%, but its planned nature limits its value as a signal about management’s current outlook. Intuit insider transaction filing
• Negative Sentiment: A tax-policy analysis criticized Intuit for reportedly paying no federal corporate income tax, potentially renewing reputational and regulatory concerns surrounding TurboTax and the tax-preparation industry. The report is unlikely to affect near-term earnings but may add headline risk. ITEP analysis of Intuit’s federal taxes

Insider Activity

In related news, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction dated 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 of the company's stock, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard 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 transaction of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade 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. Over the last 90 days, insiders sold 1,760 shares of company stock valued at $561,683. Company insiders own 2.49% of the company's stock.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $321.57 on Monday. 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 company has a market capitalization of $85.94 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The firm has a 50 day moving average of $320.93 and a 200 day moving average of $352.02.

Intuit (NASDAQ:INTU - Get Free Report) last posted its 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 company had revenue of $4.35 billion during 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. Intuit's revenue for the quarter 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, sell-side analysts predict that Intuit Inc. will post 23.49 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. Intuit's dividend payout ratio (DPR) is 29.09%.

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.

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