Sapient Capital LLC Cuts Position in Intuit Inc. $INTU

Key Points

• Sapient Capital cut its Intuit position by 97.9% in the second quarter, selling 47,267 shares and retaining 999 shares valued at approximately $261,000. Institutional investors collectively own 83.66% of Intuit.
• Analyst sentiment is mixed: Intuit has a consensus “Hold” rating and an average price target of $434.68, although several firms recently lowered their targets. The company’s latest quarter beat expectations, with $4.03 in EPS and $4.35 billion in revenue, up 13.7% year over year.
• Intuit raised its quarterly dividend to $1.38 per share, equivalent to an annualized $5.52 and a 1.7% yield. Investors are also watching upcoming management events, including the September 10 CFO presentation and September 17 Investor Day, alongside newly publicized securities-fraud litigation notices.

Sapient Capital LLC decreased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 97.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 999 shares of the software maker's stock after selling 47,267 shares during the quarter. Sapient Capital LLC's holdings in Intuit were worth $261,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of INTU. denkapparat Operations GmbH acquired a new position in Intuit in the 2nd quarter valued at $652,000. Barlow Wealth Partners LLC raised its stake in shares of Intuit by 191.6% in the 2nd quarter. Barlow Wealth Partners LLC now owns 41,262 shares of the software maker's stock valued at $11,227,000 after acquiring an additional 27,111 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of Intuit by 129.2% during the second quarter. Concurrent Investment Advisors LLC now owns 16,232 shares of the software maker's stock worth $4,237,000 after purchasing an additional 9,151 shares in the last quarter. NEOS Investment Management LLC boosted its position in shares of Intuit by 10.1% in the second quarter. NEOS Investment Management LLC now owns 210,096 shares of the software maker's stock worth $54,835,000 after buying an additional 19,277 shares during the period. Finally, AXQ Capital LP purchased a new stake in shares of Intuit in the second quarter worth about $232,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on INTU shares. KeyCorp set a $400.00 price target on Intuit in a report on Wednesday, August 26th. Stifel Nicolaus set a $300.00 price objective on shares of Intuit in a research note on Wednesday, August 26th. Oppenheimer decreased their target price on Intuit from $406.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intuit from $530.00 to $425.00 and set a "buy" rating for the company in a report on Wednesday, August 19th. Finally, Wells Fargo & Company reduced their price objective on shares of Intuit from $360.00 to $300.00 and set an "equal weight" rating for the company in a report on Wednesday, August 26th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Intuit currently has a consensus rating of "Hold" and an average target price of $434.68.

Insider Activity

In related news, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares of the company's stock, valued at $3,449,554.36. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 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 in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,146 shares of company stock valued at $662,666 in the last three months. Company 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 will host its annual Investor Day on Sept. 17, where management may provide additional detail on its growth strategy, product outlook and financial targets. The event could help investors reassess the company’s recently issued fiscal 2027 guidance. Intuit to Host Annual Investor Day on September 17
• Positive Sentiment: CFO Sandeep Aujla is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on Sept. 10, giving investors another opportunity to hear management address growth, demand and guidance. Intuit CFO Sandeep Aujla to Present at the Goldman Sachs Communacopia + Technology Conference
• Neutral Sentiment: KeyCorp’s fiscal 2027 EPS estimate of $23.06 is essentially in line with the roughly $23.03 consensus estimate, suggesting no meaningful new earnings revision from that coverage. KeyCorp Intuit earnings estimates
• Negative Sentiment: Several law firms announced or promoted securities-fraud class actions involving Intuit, with a Sept. 8 lead-plaintiff deadline. The allegations reportedly concern statements about TurboTax growth and cover periods ranging from February or August 2025 through May or June 2026. Although the notices do not establish wrongdoing, the repeated litigation coverage raises reputational, legal-cost and potential-liability concerns. Intuit Securities Fraud Lawsuit Deadline Intuit Investor Class Action

Intuit Price Performance

Shares of NASDAQ:INTU opened at $332.70 on Friday. The company's fifty day moving average is $315.84 and its two-hundred day moving average is $354.38. The company has a market cap of $91.01 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $705.08.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company's revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last 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 23.49 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a $1.38 dividend. This is a boost from Intuit's previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.7%. Intuit's payout ratio is presently 29.09%.

About Intuit

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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