Sanders Morris Harris LLC Purchases 4,271 Shares of Intuit Inc. $INTU

Sanders Morris Harris LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 4,271 shares of the software maker’s stock, valued at approximately $1,178,000.

A number of other large investors have also made changes to their positions in INTU. Rakuten Investment Management Inc. raised its holdings in Intuit by 522.3% in the 4th quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after acquiring an additional 43,389 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Intuit by 119.5% during the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after purchasing an additional 47,148 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of Intuit in the second quarter valued at $1,643,000. Brookstone Capital Management grew its position in shares of Intuit by 45.8% in the first quarter. Brookstone Capital Management now owns 32,135 shares of the software maker’s stock valued at $13,895,000 after purchasing an additional 10,089 shares during the period. Finally, J. Safra Sarasin Holding AG grew its position in shares of Intuit by 831.4% in the first quarter. J. Safra Sarasin Holding AG now owns 27,337 shares of the software maker’s stock valued at $11,817,000 after purchasing an additional 24,402 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity at Intuit

In other news, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction that occurred 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 sale, the director owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by company insiders.

Intuit Stock Up 3.0%

Shares of NASDAQ INTU traded up $8.99 on Wednesday, hitting $310.44. The company had a trading volume of 2,922,800 shares, compared to its average volume of 4,269,594. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $689.17. The business has a 50 day moving average of $321.34 and a two-hundred day moving average of $330.11. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $82.96 billion, a P/E ratio of 18.81, a PEG ratio of 0.89 and a beta of 1.01.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, equities research analysts forecast that Intuit Inc. will post 23.01 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. This represents a $5.52 annualized dividend and a yield of 1.8%. This is a positive change from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s dividend payout ratio is 33.45%.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of research analyst reports. Wolfe Research lowered Intuit from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 26th. Wells Fargo & Company decreased their price target on shares of Intuit from $360.00 to $300.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 26th. Morgan Stanley lowered their price objective on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 26th. Mizuho restated an “outperform” rating and set a $430.00 price objective on shares of Intuit in a report on Friday, September 18th. Finally, Barclays cut their target price on Intuit from $443.00 to $408.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $431.55.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors may view Intuit as undervalued after its substantial share-price decline, particularly because the company continues to generate strong earnings and revenue growth. Its expanded NFL partnership through 2030 could strengthen brand visibility and support customer engagement. Intuit Stock May Be Undervalued As NFL Partnership Expands Through 2030
• Positive Sentiment: RBC maintained an Outperform rating and a $385 price target, indicating substantial potential upside from recent trading levels and reinforcing the bullish case among analysts. RBC Keeps Outperform Rating on Intuit
• Positive Sentiment: Intuit’s latest quarterly results exceeded expectations, with adjusted earnings of $4.03 per share versus a $3.58 consensus estimate and revenue of $4.35 billion, up 13.7% year over year. The company also issued fiscal 2027 earnings guidance broadly consistent with analyst expectations.
• Neutral Sentiment: A new SimpleClosure partnership adds automated state payroll-tax account closure and business-dissolution support to QuickBooks Workforce. The feature may improve product value and customer retention, though its near-term financial contribution is unclear. Intuit Adds Payroll Tax Closure Support for QuickBooks Workforce
• Neutral Sentiment: Investor commentary comparing Intuit with Oracle highlights Intuit’s cheaper valuation, but also notes that Oracle has stronger momentum from AI-cloud demand, leaving the relative investment case dependent on Intuit’s ability to reignite growth. Intuit vs. Oracle: Which Tech Stock Is a Better Buy in 2026?
• Negative Sentiment: Intuit’s lower-cost Credit Karma Tax offerings are intended to win back do-it-yourself filers, but reduced pricing could pressure TurboTax revenue growth and limit fiscal 2027 expansion. Intuit’s Lower DIY Tax Pricing
• Negative Sentiment: Mailchimp remains a drag, with declining revenue and rising customer churn. Margin improvements, SMS adoption and retention initiatives provide a possible turnaround path, but execution risk remains high. Intuit’s Mailchimp Faces Headwinds

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.