CX Institutional Increases Position in Intuit Inc. $INTU

CX Institutional boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 2,520.6% in the third quarter, Holdings Channel reports. The firm owned 48,926 shares of the software maker’s stock after purchasing an additional 47,059 shares during the quarter. CX Institutional’s holdings in Intuit were worth $13,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Financial Advisors acquired a new position in shares of Intuit during the 2nd quarter worth about $25,000. Osbon Capital Management LLC acquired a new stake in shares of Intuit in the second quarter valued at about $26,000. MidFirst Bank acquired a new stake in shares of Intuit in the second quarter valued at about $28,000. HHM Wealth Advisors LLC increased its position in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Intuit during the first quarter worth about $30,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly 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 the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.49% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating and assigned a $385 price target, implying substantial upside from recent levels. The broader analyst consensus target is also considerably higher, at approximately $431.55.
• Positive Sentiment: Intuit expanded its NFL partnership through 2030, giving Intuit Intelligence exposure to an estimated 400 million fans. The agreement is intended to strengthen brand awareness and showcase Intuit’s broader financial software platform. Intuit Brings Intuit Intelligence to Football’s Biggest Stage in Renewed NFL Partnership Through 2030
• Positive Sentiment: SimpleClosure and QuickBooks partnered to help businesses properly close state payroll-tax accounts, potentially improving QuickBooks’ value to small-business customers and accounting professionals. SimpleClosure and Intuit QuickBooks Partner to Help Businesses Stay Compliant When Closing Payroll Tax Accounts
• Positive Sentiment: Traders reportedly bought short-dated October call options after Jim Cramer did not include Intuit among companies he expects to be hurt by Meta’s new AI platform, signaling a near-term bullish trading interpretation. Intuit Wasn’t on Cramer’s Muse Casualty List, and Traders Just Piled Into Its October Calls
• Neutral Sentiment: Intuit appointed Dixie McCurley as its first managing partner in residence, a move designed to deepen relationships with accounting firms and strengthen partner engagement.
• Neutral Sentiment: The company is emphasizing faster customer growth in fiscal 2027 through lower-cost entry plans, sharper pricing and AI features. The strategy could expand QuickBooks and TurboTax adoption, but may also pressure near-term monetization.
• Negative Sentiment: Despite the positive developments, recent weakness reflects lingering investor concern about valuation, execution of the AI-driven growth strategy and competition from emerging AI platforms. The stock is trading below its key moving averages, keeping technical momentum cautious.

Intuit Stock Performance

Shares of NASDAQ INTU traded down $1.70 during midday trading on Friday, hitting $281.08. 2,739,477 shares of the company’s stock were exchanged, compared to its average volume of 4,298,254. 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 Inc. has a 12 month low of $252.84 and a 12 month high of $689.17. The company’s 50 day moving average price is $324.41 and its 200 day moving average price is $338.70. The firm has a market capitalization of $75.12 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.01.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The business 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 firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, analysts predict that Intuit Inc. will post 23.01 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business 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 dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is 29.09%.

Analyst Ratings Changes

A number of research firms have weighed in on INTU. Oppenheimer decreased their price target on Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $385.00 price objective on shares of Intuit in a research note on Friday. Jefferies Financial Group decreased their target price on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a research note on Sunday, August 23rd. JPMorgan Chase & Co. downgraded shares of Intuit from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $605.00 to $331.00 in a report on Wednesday, August 26th. Finally, Bank of America lowered shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target on the stock. in a research report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Intuit has a consensus rating of “Hold” and an average target price of $431.55.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.