13,175 Shares in Intuit Inc. $INTU Bought by Saranac Partners Ltd

Saranac Partners Ltd purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,175 shares of the software maker's stock, valued at approximately $3,448,000.

Several other hedge funds have also recently added to or reduced their stakes in INTU. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Intuit during the 2nd quarter worth about $16,192,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Intuit during the second quarter valued at approximately $684,000. Magellan Asset Management Ltd purchased a new stake in shares of Intuit during the second quarter valued at approximately $38,671,000. Globeflex Capital L P bought a new stake in shares of Intuit in the second quarter worth $303,000. Finally, True Freedom Investing LLC bought a new stake in shares of Intuit in the second quarter worth $2,942,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INTU has been the subject of several recent research reports. Stifel Nicolaus set a $300.00 price target on shares of Intuit in a research report on Wednesday, August 26th. Wells Fargo & Company decreased their target price 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. Barclays dropped their target price on Intuit from $443.00 to $408.00 and set an "overweight" rating on the stock in a report on Wednesday, August 26th. BMO Capital Markets reiterated an "outperform" rating on shares of Intuit in a report on Wednesday, August 26th. Finally, Bank of America cut Intuit from a "buy" rating to a "neutral" rating and set a $360.00 price objective for the company. in a research report on Wednesday, August 26th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $434.68.

Insiders Place Their Bets

In other 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 transaction of $94,592.68. Following the sale, the director directly owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,146 shares of company stock worth $662,666. Insiders own 2.49% of the company's stock.

Intuit News Summary

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 help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management
• Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings

Intuit Stock Up 0.4%

Shares of INTU traded up $1.45 on Monday, hitting $359.51. The company's stock had a trading volume of 1,842,109 shares, compared to its average volume of 4,382,581. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $307.36 and its 200-day moving average price is $356.13. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The firm has a market capitalization of $98.34 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 0.92 and a beta of 0.97.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results 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 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 business's quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous 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. On average, equities research analysts expect that Intuit Inc. will post 23.07 EPS for the current year.

Intuit Increases Dividend

The company also recently disclosed 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. 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 positive change from Intuit's previous quarterly dividend of $1.20. Intuit's payout ratio is currently 33.45%.

Intuit Company 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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