2,198 Intuit Inc. $INTU Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,769 shares of the software maker’s stock after purchasing an additional 2,198 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Intuit were worth $4,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. XXEC Inc. purchased a new stake in Intuit during the second quarter valued at approximately $436,740,000. BlackRock Inc. purchased a new position in Intuit during the second quarter worth $6,851,859,000. Corient Private Wealth LP bought a new position in Intuit during the 2nd quarter valued at about $40,545,000. Bank of America Corp DE bought a new position in shares of Intuit during the second quarter valued at approximately $589,841,000. Finally, Bank of New York Mellon Corp purchased a new stake in Intuit in the second quarter worth $564,592,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: AI expansion supports the growth narrative: Intuit Intelligence has launched globally with new capabilities designed to help small and midsize businesses and accountants automate financial management and gain insights. The rollout could improve customer retention, increase product adoption and support longer-term revenue growth. Intuit Intelligence’s launch brings new AI capabilities for SMBs and accountants
• Positive Sentiment: Analysts expect solid earnings growth: Preview coverage ahead of Intuit’s fiscal first-quarter report points to double-digit earnings-per-share growth. The company’s prior quarter exceeded consensus estimates for both earnings and revenue, with revenue rising 13.7% year over year, providing a constructive backdrop for the next release. What You Need To Know Ahead of Intuit’s Earnings Release
• Positive Sentiment: Valuation is attracting bullish attention: Commentary describes Intuit as a high-quality business trading at a significant discount, which may encourage value-oriented investors, particularly after the stock’s decline from its 12-month high. Intuit: A Quality Business Trading At A Steep Discount
• Neutral Sentiment: Next major catalyst is scheduled: Intuit will report fiscal first-quarter 2027 results after the market closes on November 19, following the October 31 quarter-end. Investors are likely to focus on results versus the company’s guidance and management’s update on AI monetization. Intuit to Announce First-Quarter Fiscal Year 2027 Results on Nov. 19
• Negative Sentiment: AI uncertainty and competition remain risks: One investment manager disclosed an exit from Intuit amid uncertainty over how AI could change its business model. Comparisons with workflow-finance rivals such as BILL Holdings and PayPal also highlight competitive pressure and the need for Intuit to demonstrate that its AI investments translate into durable growth. Intuit (INTU): Exiting Amid AI-Driven Business Model Uncertainty

Intuit Stock Up 0.9%

INTU stock opened at $331.19 on Friday. The stock has a market capitalization of $88.51 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.08 and a beta of 1.01. The firm has a 50-day simple moving average of $319.79 and a 200-day simple moving average of $363.86. 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 52 week low of $252.84 and a 52 week high of $682.27.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. 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 forecast that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is 33.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on INTU shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $385.00 target price on shares of Intuit in a research report on Friday, October 2nd. Citigroup cut their price objective on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Wolfe Research cut Intuit from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 26th. UBS Group reissued a “neutral” rating on shares of Intuit in a report on Friday, September 18th. Finally, TD Cowen restated a “hold” rating and set a $346.00 price target on shares of Intuit in a research report on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $431.55.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 285 shares of the 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 completion of the transaction, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the firm’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 owned 1,628 shares in the company, valued at $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 own 2.49% of the company’s stock.

About Intuit

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.