HighTower Advisors LLC Lowers Holdings in Intuit Inc. $INTU

HighTower Advisors LLC trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 16.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,053 shares of the software maker’s stock after selling 12,945 shares during the quarter. HighTower Advisors LLC’s holdings in Intuit were worth $16,979,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in INTU. XXEC Inc. purchased a new stake in Intuit in the second quarter valued at approximately $436,740,000. California State Teachers Retirement System boosted its position in shares of Intuit by 25,506.0% during the second quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker’s stock worth $28,277,368,000 after buying an additional 107,919,292 shares during the period. BlackRock Inc. purchased a new position in shares of Intuit during the second quarter worth $6,851,859,000. Corient Private Wealth LP purchased a new stake in shares of Intuit in the 2nd quarter valued at $40,545,000. Finally, Norges Bank acquired a new position in Intuit during the 4th quarter worth about $3,058,407,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on INTU. HSBC lowered their target price on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Oppenheimer reduced their price target on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Northcoast Research dropped their price objective on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Mizuho dropped their price objective on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, August 17th. Finally, Evercore reaffirmed an “outperform” rating on shares of Intuit in a research note on Tuesday, August 18th. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $434.68.

Intuit Price Performance

INTU stock opened at $313.94 on Thursday. The business’s 50-day moving average is $319.26 and its two-hundred day moving average is $352.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. The firm has a market capitalization of $85.88 billion, a P/E ratio of 19.03, a P/E/G ratio of 0.91 and a beta of 0.98. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS 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 the consensus estimate 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 in the previous year, the company 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. Analysts anticipate that Intuit Inc. will post 23.49 earnings per share for the current fiscal 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 given 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 dividend yield of 1.8%. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is currently 29.09%.

Insiders Place Their Bets

In other news, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction 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 directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren 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 transaction 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,760 shares of company stock worth $561,683 over the last 90 days. Company insiders own 2.49% of the company’s stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: An interview highlighted Intuit’s use of artificial intelligence in financial management and everyday money tools. Continued AI development could support product adoption, efficiency, and long-term growth. Kitchen table finances: Intuit on AI and everyday money management
• Neutral Sentiment: Director Richard Dalzell sold 285 Intuit shares for approximately $92,728, reducing his direct ownership by 2.41%. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan, it may be less concerning than an unexpected discretionary sale. Intuit insider transaction filing
• Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers, alleging violations of federal securities laws and seeking damages for investors. The lawsuit covers different purchase periods depending on the filing, while multiple firms promoted lead-plaintiff deadlines on September 8. The repeated announcements increase headline and potential legal-risk pressure, although the allegations have not been proven. Pomerantz Intuit class-action announcement Rosen Law Firm Intuit investor notice
• Negative Sentiment: A reported decision by Baron Durable Advantage Fund to exit Intuit during the second quarter adds evidence of institutional selling pressure, though the disclosure reflects an earlier investment decision and does not necessarily indicate a change in current fundamentals. Baron Durable Advantage Fund portfolio changes

Intuit 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.