ProShare Advisors LLC Buys 18,687 Shares of Intuit Inc. $INTU

Key Points

• ProShare Advisors increased its Intuit stake by 5.7%, acquiring 18,687 shares to own 344,823 shares valued at approximately $95.1 million. Institutional investors and hedge funds collectively own 83.66% of Intuit.
• Intuit reported quarterly results above expectations, with adjusted earnings of $4.03 per share and revenue of $4.35 billion, up 13.7% year over year. The company reaffirmed fiscal 2027 guidance and raised its quarterly dividend to $1.38 per share.
• Analyst sentiment is mixed, with 16 Buy, 13 Hold and two Sell ratings producing a consensus rating of Hold and a $431.55 price target. Investors remain focused on Intuit’s AI strategy, upcoming fiscal first-quarter results and execution risks.

ProShare Advisors LLC boosted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 344,823 shares of the software maker's stock after acquiring an additional 18,687 shares during the period. ProShare Advisors LLC owned about 0.13% of Intuit worth $95,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vise Technologies Inc. raised its stake in Intuit by 27.2% during the 3rd quarter. Vise Technologies Inc. now owns 18,908 shares of the software maker's stock worth $5,213,000 after acquiring an additional 4,041 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of Intuit by 24.9% during the third quarter. Cidel Asset Management Inc. now owns 1,174 shares of the software maker's stock worth $324,000 after purchasing an additional 234 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of Intuit by 25.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 1,577 shares of the software maker's stock valued at $435,000 after purchasing an additional 316 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of Intuit in the 3rd quarter valued at about $274,000. Finally, International Assets Investment Management LLC boosted its position in shares of Intuit by 2,035.2% in the 3rd quarter. International Assets Investment Management LLC now owns 30,000 shares of the software maker's stock valued at $8,271,000 after purchasing an additional 28,595 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors responded favorably to Intuit’s expanded Intuit Intelligence platform, which adds automation and workflow capabilities across QuickBooks, Intuit Enterprise Suite and Intuit Accountant Suite. The company’s planned acquisition of Sequence would further strengthen quote-to-revenue and billing automation for mid-market customers. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Management’s previously reaffirmed fiscal 2027 outlook continues to support the bullish case, including expected full-year revenue growth of approximately 9% to 10%. Intuit also launched Credit Karma Tax with free federal filing and faster-refund features ahead of tax season, adding another potential growth catalyst. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Intuit will report fiscal first-quarter 2027 results after the market closes on November 19. The event gives investors a near-term opportunity to assess demand, AI monetization and whether the company is tracking toward its full-year guidance. Intuit to Announce First-Quarter Fiscal Year 2027 Results on Nov. 19
• Neutral Sentiment: Recent institutional activity was mixed: several large investors increased their positions, while others—including Wellington Management and T. Rowe Price—reduced holdings. The conflicting signals suggest continued debate over valuation and Intuit’s AI transition.
• Negative Sentiment: Matrix Asset Advisors reportedly exited Intuit amid uncertainty about the company’s AI-driven business model, highlighting concerns about execution, competitive pressure and the timing of returns from new technology investments. Intuit (INTU): Exiting Amid AI-Driven Business Model Uncertainty
• Negative Sentiment: Insider trading data showed more sales than purchases during the past six months, a modest cautionary signal, although the transactions do not necessarily indicate a change in management’s operating outlook.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on INTU shares. Evercore reiterated an "outperform" rating on shares of Intuit in a research note on Friday, September 18th. Truist Financial restated a "hold" rating and set a $300.00 target price on shares of Intuit in a research report on Friday, September 18th. Bank of America lowered 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Intuit from $530.00 to $425.00 and set a "buy" rating on the stock in a report on Wednesday, August 19th. Finally, Wolfe Research downgraded shares of Intuit from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $431.55.

Intuit Stock Performance

NASDAQ:INTU opened at $341.09 on Monday. The firm has a market cap of $91.15 billion, a P/E ratio of 20.67, a PEG ratio of 1.13 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock's 50 day simple moving average is $319.38 and its 200-day simple moving average is $362.39. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $682.27.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the company earned $2.75 earnings per share. The company's revenue for the quarter 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. Equities analysts anticipate that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were issued a dividend of $1.38 per share. This is an increase from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 8th. Intuit's dividend payout ratio is currently 33.45%.

Insider Activity

In other news, Director Richard L. 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 directly owned 11,531 shares of the company's stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. The sale was disclosed in a filing 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 D. Hotz sold 907 shares of the stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.49% of the company's stock.

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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