Northwestern Mutual Wealth Management Co. Sells 8,296 Shares of Intuit Inc. $INTU

Key Points

• Northwestern Mutual Wealth Management Co. cut its Intuit stake by 30.9% in the second quarter, selling 8,296 shares and retaining 18,509 shares valued at approximately $4.83 million. Institutional investors collectively own 83.66% of Intuit.
• Intuit beat quarterly earnings and revenue expectations, reporting $4.03 in EPS on $4.35 billion in revenue, with revenue up 13.7% year over year. The company also raised its quarterly dividend from $1.20 to $1.38 per share, producing a 1.6% yield.
• Analyst sentiment remains mixed: 17 analysts rate the stock a Buy, 11 a Hold and three a Sell, resulting in a consensus rating of Hold and an average price target of $434.68 versus the reported share price of $344.30.

Northwestern Mutual Wealth Management Co. decreased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 30.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,509 shares of the software maker's stock after selling 8,296 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Intuit were worth $4,831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after buying an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. bought a new stake in Intuit during the first quarter valued at $785,564,000. Sivia Capital Partners LLC grew its position in Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock worth $698,000 after buying an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC grew its position in Intuit by 12.2% during the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock worth $370,000 after buying an additional 51 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Stock Up 0.4%

Shares of INTU opened at $344.30 on Friday. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. The stock has a 50 day simple moving average of $314.53 and a two-hundred day simple moving average of $354.54. The firm has a market cap of $94.18 billion, a P/E ratio of 20.87, a P/E/G ratio of 0.98 and a beta of 0.98.

Intuit (NASDAQ:INTU - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the business posted $2.75 EPS. The business's quarterly revenue 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, analysts forecast that Intuit Inc. will post 23.49 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business 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 dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Intuit's previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. Intuit's payout ratio is 29.09%.

Insider Transactions at Intuit

In other 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 value of $314,311.78. Following the transaction, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Dalzell sold 338 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,146 shares of company stock worth $662,666 over the last ninety days. Insiders own 2.49% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on INTU shares. Wolfe Research cut Intuit from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 26th. TD Cowen reiterated a "buy" rating on shares of Intuit in a research report on Tuesday, August 18th. Royal Bank Of Canada cut their price target on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Evercore reissued an "outperform" rating on shares of Intuit in a report on Tuesday, August 18th. Finally, Rothschild & Co Redburn dropped their price objective on shares of Intuit from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, June 2nd. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $434.68.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors are increasingly viewing Intuit as a value opportunity after the sharp decline from its prior highs. Recent commentary highlighted the company’s solid fundamentals and potential upside if the stock eventually returns to its peak valuation. Forget AI Stocks: Buy This Tech Stock Now for Value and 130% Upside
• Positive Sentiment: Intuit’s fiscal 2026 results showed revenue growth of roughly 14%, while Credit Karma grew 20% and TurboTax grew 7%. The company also repurchased $5.5 billion of stock, has $7.9 billion remaining under its authorization, and raised its quarterly dividend 15% to $1.38 per share—supportive factors for the rebound. Intuit Gains as Investors Reassess Post-Earnings Selloff
• Positive Sentiment: Management scheduled an annual Investor Day for September 17. The event could provide additional detail on Intuit’s growth strategy, artificial-intelligence initiatives and its medium-term outlook, potentially helping stabilize investor expectations. Intuit to Host Annual Investor Day on September 17
• Neutral Sentiment: CFO Sandeep Aujla will present at the Goldman Sachs Communacopia + Technology Conference on September 10. Investors may look for updates on demand, TurboTax growth and the fiscal 2027 outlook. Intuit CFO Sandeep Aujla to Present at the Goldman Sachs Communacopia + Technology Conference
• Neutral Sentiment: KeyCorp’s published estimates call for approximately $23.06 in fiscal 2027 EPS and $26.84 in fiscal 2028 EPS, broadly consistent with current full-year expectations and indicating continued earnings growth, but not representing a new major forecast change. KeyCorp Intuit earnings estimates
• Negative Sentiment: Several law firms publicized a securities-fraud class action and a September 8 lead-plaintiff deadline. The complaints reportedly concern alleged misrepresentations about TurboTax growth prospects. The announcements do not establish wrongdoing, but they add legal and reputational overhang to the stock. Pomerantz Class Action Announcement
• Negative Sentiment: Fiscal 2027 guidance projects slower overall growth of 9% to 10%, with TurboTax growth of only 2% to 3%. That deceleration was the main reason for the earlier earnings-related pressure and remains a key risk despite the current recovery. Intuit Fiscal 2027 Outlook Analysis

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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