Oarsman Capital Inc. Decreases Stake in Intuit Inc. $INTU

Key Points

• Oarsman Capital cut its Intuit stake by 76.7% in the second quarter, selling 3,639 shares and retaining 1,104 shares valued at approximately $288,000. Institutional investors collectively own 83.66% of Intuit.
• Analyst sentiment is mixed: 17 analysts rate Intuit a Buy, 11 a Hold and three a Sell, resulting in a consensus Hold rating and an average price target of $434.68.
• Intuit exceeded quarterly expectations with $4.03 in earnings per share and $4.35 billion in revenue, while revenue rose 13.7% year over year. The company also increased its quarterly dividend to $1.38, equivalent to a 1.5% annual yield.

Oarsman Capital Inc. lowered its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 76.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,104 shares of the software maker's stock after selling 3,639 shares during the quarter. Oarsman Capital Inc.'s holdings in Intuit were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Betterment LLC lifted its holdings in Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker's stock worth $532,000 after acquiring an additional 16 shares during the period. One Capital Management LLC grew its stake in Intuit by 2.7% in the 3rd quarter. One Capital Management LLC now owns 681 shares of the software maker's stock valued at $465,000 after purchasing an additional 18 shares during the period. Quadcap Wealth Management LLC increased its position in shares of Intuit by 1.0% during the 3rd quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker's stock valued at $1,230,000 after purchasing an additional 18 shares during the last quarter. Washington Trust Bank increased its position in shares of Intuit by 3.0% during the 4th quarter. Washington Trust Bank now owns 790 shares of the software maker's stock valued at $523,000 after purchasing an additional 23 shares during the last quarter. Finally, Barr E S & Co. raised its stake in shares of Intuit by 1.5% during the 4th quarter. Barr E S & Co. now owns 1,608 shares of the software maker's stock worth $1,065,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on INTU shares. Piper Sandler increased their target price on shares of Intuit from $250.00 to $290.00 and gave the company an "underweight" rating in a research report on Wednesday, August 26th. Barclays lowered their price objective on Intuit from $443.00 to $408.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 26th. Wolfe Research downgraded shares of Intuit from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 26th. Royal Bank Of Canada dropped their price target on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, May 21st. Finally, Northcoast Research lowered their target price on shares of Intuit from $575.00 to $465.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $434.68.

Intuit Price Performance

NASDAQ:INTU opened at $359.30 on Tuesday. The firm has a market capitalization of $98.28 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 0.92 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. The stock has a fifty day moving average of $309.39 and a 200 day moving average of $355.69. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $705.08.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company's revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.75 EPS. 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, research analysts expect that Intuit Inc. will post 23.07 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. This is a boost from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio is presently 29.09%.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction 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 owned 12,326 shares of the company's stock, valued at $3,449,554.36. This represents 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 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 sale, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,146 shares of company stock worth $662,666 in the last three months. Insiders own 2.49% of the company's stock.

Key Headlines 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 improve product discovery, deliver personalized financial insights and expand Intuit’s AI distribution. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Coverage comparing Intuit with PayPal highlighted Intuit’s broad financial-software ecosystem and AI strategy as potential long-term growth drivers. The company’s profitability and market position remain attractive to growth investors. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Positive Sentiment: Intuit’s new AI-powered mid-market financial-management tools could strengthen QuickBooks’ value proposition and support additional monetization opportunities. Intuit unveils AI-powered innovations for mid-market financial management
• Neutral Sentiment: Analysts remain cautiously bullish, but Intuit has substantially underperformed the Nasdaq over the past year and is trading near its 52-week low, reflecting continued concerns about growth expectations. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class-action lawsuit and a September 8 lead-plaintiff deadline for investors who purchased INTU shares between February 25, 2025, and June 1, 2026. The notices allege investor losses tied to disclosures about TurboTax growth; they add reputational and potential legal-risk concerns, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares for approximately $314,000, representing more than one-third of the executive’s direct holdings. Insider selling during a period of share-price weakness may weigh on sentiment, even though one transaction does not establish a broader trend. Intuit Executive Sells Shares

Intuit 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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