QRG Capital Management Inc. Sells 31,986 Shares of Intuit Inc. $INTU

Key Points

• QRG Capital Management cut its Intuit stake by 54.9% in the second quarter, selling 31,986 shares and retaining 26,269 shares valued at approximately $6.86 million. Institutional investors collectively own 83.66% of Intuit.
• Intuit reported quarterly earnings and revenue above analyst expectations, with revenue rising 13.7% year over year, but the stock has fallen 17.1% since its latest earnings release amid concerns about growth and AI-related disruption.
• The company raised its quarterly dividend to $1.38 per share from $1.20, implying an annualized dividend of $5.52 and a 2.0% yield. Analysts remain mixed, with a consensus “Hold” rating and an average price target of $431.55.

QRG Capital Management Inc. trimmed its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 54.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,269 shares of the software maker's stock after selling 31,986 shares during the quarter. QRG Capital Management Inc.'s holdings in Intuit were worth $6,856,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rench Wealth Management Inc. raised its holdings in Intuit by 93.9% in the 2nd quarter. Rench Wealth Management Inc. now owns 16,451 shares of the software maker's stock valued at $4,294,000 after acquiring an additional 7,966 shares during the last quarter. Capstone Financial Advisors Inc. boosted its holdings in shares of Intuit by 91.2% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,048 shares of the software maker's stock worth $274,000 after purchasing an additional 500 shares during the last quarter. National Pension Service grew its position in shares of Intuit by 8.6% in the second quarter. National Pension Service now owns 700,231 shares of the software maker's stock valued at $182,760,000 after purchasing an additional 55,375 shares in the last quarter. Triad Investment Management grew its position in shares of Intuit by 39.4% in the second quarter. Triad Investment Management now owns 8,559 shares of the software maker's stock valued at $2,234,000 after purchasing an additional 2,421 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its position in Intuit by 2,259.7% during the second quarter. Engineers Gate Manager LP now owns 19,515 shares of the software maker's stock worth $5,093,000 after buying an additional 18,688 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Buying and Selling

In related news, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of Intuit stock in a transaction that occurred 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 completion of the sale, the director owned 11,531 shares of the company's stock, valued at $3,751,726.16. This trade represents a 2.41% 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. 2.49% of the stock is currently owned by insiders.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s Investor Day emphasized artificial intelligence, customer acquisition, and scaling its platform. Management reaffirmed its fiscal 2027 guidance, suggesting that the company still expects its long-term strategy to support growth. UBS maintained a $360 price target, although it kept a Neutral rating. Intuit Bets on AI and Big Bets
• Positive Sentiment: One Wall Street view argues that the selloff has created substantial upside, with Intuit’s established franchise and AI investments potentially making the stock a recovery candidate rather than an AI-disruption casualty. Intuit AI Fears and Potential Gains
• Neutral Sentiment: Reported short interest totaled zero shares as of September 24, producing a zero-day short-interest ratio. This does not indicate meaningful short-selling pressure, but the figure may reflect incomplete or anomalous data.
• Neutral Sentiment: QuickBooks Free is being promoted with unlimited invoicing capabilities, which could help Intuit attract small-business users, though the direct financial impact is not yet clear. QuickBooks Free Unlimited Invoicing
• Negative Sentiment: Intuit remains down 17.1% since its latest earnings report. Although it exceeded quarterly revenue and earnings expectations, investors appear focused on whether growth can accelerate and whether the reaffirmed outlook is sufficient to support a rebound. Intuit Down Since Earnings
• Negative Sentiment: Investing commentator Joseph Carlson warned that agentic commerce—AI systems able to transact on behalf of users—could pressure Intuit’s role in financial workflows and payments. This adds to broader concerns that AI could disrupt Intuit’s competitive position. Agentic Commerce Could Hurt Intuit

Analyst Ratings Changes

A number of research firms have weighed in on INTU. Jefferies Financial Group lowered their price objective on Intuit from $550.00 to $500.00 and set a "buy" rating on the stock in a research note on Sunday, August 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $385.00 target price on shares of Intuit in a research note on Friday, September 18th. Wolfe Research lowered Intuit from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 26th. Rothschild & Co Redburn lowered their price target on shares of Intuit from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Tuesday, June 2nd. Finally, TD Cowen reissued a "hold" rating and issued a $346.00 price objective on shares of Intuit in a report on Friday, September 18th. 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.com, the company has an average rating of "Hold" and an average target price of $431.55.

Intuit Price Performance

NASDAQ:INTU opened at $277.13 on Friday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $703.96. The stock's fifty day moving average is $325.79 and its two-hundred day moving average is $344.83. The company has a market capitalization of $74.06 billion, a P/E ratio of 16.80, a P/E/G ratio of 0.85 and a beta of 0.98. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

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, topping analysts' consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during 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 period in the prior year, the business 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. Equities analysts expect that Intuit Inc. will post 23.01 EPS for the current 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 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 dividend yield of 2.0%. The ex-dividend date is Thursday, October 8th. Intuit's dividend payout ratio (DPR) is 33.45%.

Intuit Company Profile

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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