Ninety One UK Ltd Sells 24,412 Shares of Intuit Inc. $INTU

Ninety One UK Ltd lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,343,602 shares of the software maker’s stock after selling 24,412 shares during the quarter. Intuit makes up about 1.5% of Ninety One UK Ltd’s portfolio, making the stock its 16th biggest holding. Ninety One UK Ltd owned approximately 0.88% of Intuit worth $646,155,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. XXEC Inc. acquired a new position in Intuit during the second quarter worth about $436,740,000. BlackRock Inc. acquired a new stake in Intuit in the 2nd quarter valued at about $6,851,859,000. Corient Private Wealth LP acquired a new stake in Intuit in the 2nd quarter valued at about $40,545,000. Bank of America Corp DE purchased a new position in Intuit in the 2nd quarter worth approximately $589,841,000. Finally, Bank of New York Mellon Corp purchased a new position in Intuit in the 2nd quarter worth approximately $564,592,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Trading Up 6.3%

INTU stock traded up $19.62 during trading on Thursday, reaching $330.06. 2,442,690 shares of the stock were exchanged, compared to its average volume of 4,259,932. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $88.21 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 0.88 and a beta of 1.01. The business has a 50 day moving average price of $320.99 and a 200-day moving average price of $329.25. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $689.17.

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 the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company 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, research analysts predict that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be given a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.7%. Intuit’s dividend payout ratio (DPR) is currently 33.45%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on INTU shares. JPMorgan Chase & Co. cut 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. Susquehanna cut their price target on Intuit from $427.00 to $415.00 and set a “positive” rating for the company in a report on Wednesday, August 26th. Citigroup reduced their price objective on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. KeyCorp set a $400.00 price objective on Intuit in a research report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $431.55.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit agreed to acquire Sequence, whose platform automates the quote-to-revenue process, including complex pricing, billing, collections and revenue recognition. The technology is expected to strengthen Intuit Enterprise Suite and QuickBooks Online Advanced, expanding the company’s addressable market among mid-market businesses. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: Sequence supports usage-based, seat-based and milestone-based billing models, potentially giving Intuit stronger exposure to software and professional-services customers with more sophisticated financial needs. Investors appear to view the transaction as a strategic expansion of Intuit’s financial “system of intelligence.” Intuit Shares Jump as Sequence Deal Adds AI Revenue-Management Capabilities
• Positive Sentiment: Recent analyst targets include several levels above the current trading range, with a reported six-month median target of $421. This suggests some analysts continue to see valuation upside if Intuit executes on its enterprise, AI and platform expansion plans.
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: major investors including Invesco, JPMorgan and FIL added shares, while T. Rowe Price and Wellington reduced holdings. This provides no clear consensus signal.
• Negative Sentiment: Intuit’s lower-priced Credit Karma Tax offerings could help regain price-sensitive customers, but the pricing changes may slow TurboTax revenue growth in fiscal 2027. Intuit’s Lower DIY Tax Pricing: Will It Weigh on Revenue Growth?
• Negative Sentiment: Mailchimp remains a longer-term concern, with declining revenue and customer churn weighing on Intuit’s growth profile despite efforts to improve margins, retention and SMS adoption. Intuit’s Mailchimp Faces Headwinds: Can It Stage a Turnaround?

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction 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 owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This represents a 2.41% 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 on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.49% of the company’s stock.

About Intuit

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.