True Freedom Investing LLC 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 6,804 shares of the software maker's stock, valued at approximately $2,942,000.
Several other hedge funds have also recently added to or reduced their stakes in INTU. Haverford Trust Co acquired a new stake in shares of Intuit during the 2nd quarter worth about $11,986,000. First Nebraska Trust Co purchased a new stake in shares of Intuit during the second quarter valued at approximately $3,507,000. Bank of Nova Scotia purchased a new stake in shares of Intuit during the second quarter valued at approximately $37,953,000. Compass Financial Management LLC acquired a new stake in Intuit in the second quarter worth about $129,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Intuit in the 2nd quarter valued at about $1,027,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.
More Intuit News
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
Analysts Set New Price Targets
INTU has been the topic of several analyst reports. Daiwa Securities Group dropped their target price on shares of Intuit from $640.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, May 27th. Freedom Capital cut Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Truist Financial dropped their price target on shares of Intuit from $350.00 to $300.00 and set a "hold" rating for the company in a research report on Wednesday, August 26th. Wolfe Research cut Intuit from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 26th. Finally, Mizuho cut their price objective on Intuit from $500.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, August 17th. Seventeen equities 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 MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $434.68.
View Our Latest Analysis on Intuit
Intuit Price Performance
Intuit stock traded up $1.45 during trading hours on Monday, reaching $359.51. 1,842,109 shares of the stock were exchanged, compared to its average volume of 4,382,581. The stock has a 50 day moving average of $307.36 and a two-hundred day moving average of $356.13. The company has a market cap of $98.34 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.34. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08.
Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. The firm 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%.The business's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $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. Equities analysts expect that Intuit Inc. will post 23.07 EPS for the current fiscal year.
Intuit Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.5%. This is an increase from Intuit's previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. Intuit's dividend payout ratio is currently 33.45%.
Insider Buying and Selling at Intuit
In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the business's stock in a transaction 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 owned 1,628 shares of the company's stock, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 338 shares of the company's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% 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. Over the last 90 days, insiders have sold 2,146 shares of company stock worth $662,666. Company insiders own 2.49% of the company's stock.
Intuit Profile
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Free Report)
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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