Prime Capital Investment Advisors LLC Sells 3,049 Shares of Intuit Inc. $INTU

Key Points

• Prime Capital Investment Advisors cut its Intuit stake by 55.6% in the third quarter, selling 3,049 shares and retaining 2,434 shares valued at approximately $671,000.
• Institutional investors own 83.66% of Intuit, with several major firms—including BlackRock, Arrowstreet Capital and Amundi—recently increasing their positions.
• Intuit exceeded quarterly earnings and revenue estimates, reporting $4.03 in EPS and $4.35 billion in revenue, while raising its quarterly dividend to $1.38 per share; analysts’ average rating remains “Hold” with a $431.55 price target.

Prime Capital Investment Advisors LLC lowered its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 55.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,434 shares of the software maker's stock after selling 3,049 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Intuit were worth $671,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Intuit during the 2nd quarter worth about $6,851,859,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock valued at $1,684,795,000 after buying an additional 1,972,719 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Intuit by 6.9% in the 2nd 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 valued at $870,260,000 after buying an additional 215,814 shares during the period. Unisphere Establishment lifted its holdings in shares of Intuit by 6.5% in the 1st quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker's stock valued at $782,608,000 after buying an additional 110,000 shares during the period. Finally, Amundi lifted its holdings in shares of Intuit by 44.9% in the 1st quarter. Amundi now owns 1,563,158 shares of the software maker's stock valued at $675,878,000 after buying an additional 484,602 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 analysts have recently commented on INTU shares. Wolfe Research downgraded Intuit from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 26th. Royal Bank Of Canada reiterated an "outperform" rating and set a $385.00 price target on shares of Intuit in a research report on Friday, October 2nd. Susquehanna decreased their price target on Intuit from $427.00 to $415.00 and set a "positive" rating for the company in a report on Wednesday, August 26th. Morgan Stanley lowered their price objective on Intuit from $335.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group dropped their price objective on shares of Intuit from $550.00 to $500.00 and set a "buy" rating on the stock in a research note on Sunday, August 23rd. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $431.55.

Trending Headlines about 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

Insiders Place Their Bets

In other Intuit news, Director Richard Dalzell sold 285 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director directly owned 11,531 shares of the company's stock, valued at $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the company's 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 transaction, the chief accounting officer 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. Corporate insiders own 2.49% of the company's stock.

Intuit Price Performance

Shares of Intuit stock opened at $343.39 on Friday. The firm has a market cap of $91.77 billion, a PE ratio of 20.81, a P/E/G ratio of 1.17 and a beta of 1.01. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $689.17. 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 business has a 50-day moving average price of $320.86 and a 200 day moving average price of $325.56.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. Intuit's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Sell-side analysts predict that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were given a dividend of $1.38 per share. 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 1.6%. The ex-dividend date was Thursday, October 8th. Intuit's dividend payout ratio (DPR) is currently 33.45%.

Intuit Company 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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