Kingsview Wealth Management LLC Purchases New Position in Intuit Inc. $INTU

Kingsview Wealth Management LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,570 shares of the software maker’s stock, valued at approximately $410,000.

Several other hedge funds have also bought and sold shares of INTU. Fiduciary Financial Advisors purchased a new position in shares of Intuit during the 2nd quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit during the fourth quarter worth $25,000. Osbon Capital Management LLC acquired a new stake in Intuit during the second quarter valued at $26,000. MidFirst Bank purchased a new position in Intuit in the second quarter valued at $28,000. Finally, HHM Wealth Advisors LLC increased its holdings in 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 buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the firm’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 in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,146 shares of company stock valued at $662,666 over the last quarter. 2.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane lowered their target price on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Argus cut their price target on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Jefferies Financial Group reduced their price target on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. Freedom Capital downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Wolfe Research lowered Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Intuit has a consensus rating of “Hold” and a consensus price target of $434.68.

Intuit Stock Up 0.3%

INTU stock opened at $359.30 on Tuesday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $309.39 and a 200-day simple moving average of $355.69. The stock has a market capitalization of $98.28 billion, a P/E ratio of 21.78, a P/E/G ratio of 0.92 and a beta of 0.97.

Intuit (NASDAQ:INTU) last issued 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. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company posted $2.75 EPS. Intuit’s quarterly revenue was up 13.7% compared to the same quarter last year. 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 23.07 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a $1.38 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s dividend payout ratio is presently 29.09%.

Key Headlines Impacting Intuit

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 improve product discovery, deliver personalized financial insights and expand Intuit’s AI distribution. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Coverage comparing Intuit with PayPal highlighted Intuit’s broad financial-software ecosystem and AI strategy as potential long-term growth drivers. The company’s profitability and market position remain attractive to growth investors. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Positive Sentiment: Intuit’s new AI-powered mid-market financial-management tools could strengthen QuickBooks’ value proposition and support additional monetization opportunities. Intuit unveils AI-powered innovations for mid-market financial management
• Neutral Sentiment: Analysts remain cautiously bullish, but Intuit has substantially underperformed the Nasdaq over the past year and is trading near its 52-week low, reflecting continued concerns about growth expectations. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class-action lawsuit and a September 8 lead-plaintiff deadline for investors who purchased INTU shares between February 25, 2025, and June 1, 2026. The notices allege investor losses tied to disclosures about TurboTax growth; they add reputational and potential legal-risk concerns, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares for approximately $314,000, representing more than one-third of the executive’s direct holdings. Insider selling during a period of share-price weakness may weigh on sentiment, even though one transaction does not establish a broader trend. Intuit Executive Sells Shares

About Intuit

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.