Intuit Inc. $INTU Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its position in Intuit Inc. (NASDAQ:INTU) by 83.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,889 shares of the software maker’s stock after selling 14,502 shares during the period. Sterling Capital Management LLC’s holdings in Intuit were worth $797,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Legacy Wealth Managment LLC ID lifted its position in shares of Intuit by 10.3% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock valued at $115,000 after buying an additional 25 shares in the last quarter. Powell Investment Advisors LLC increased its holdings in Intuit by 5.4% in the 1st quarter. Powell Investment Advisors LLC now owns 551 shares of the software maker’s stock worth $238,000 after acquiring an additional 28 shares in the last quarter. Sachetta LLC raised its position in Intuit by 33.7% during the first quarter. Sachetta LLC now owns 111 shares of the software maker’s stock worth $48,000 after acquiring an additional 28 shares during the period. Stronghold Wealth Management L.L.C. raised its position in Intuit by 6.5% during the first quarter. Stronghold Wealth Management L.L.C. now owns 474 shares of the software maker’s stock worth $205,000 after acquiring an additional 29 shares during the period. Finally, Delta Asset Management LLC TN lifted its holdings in Intuit by 13.2% during the second quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker’s stock valued at $67,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other Intuit news, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Dalzell sold 285 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Bank of America downgraded shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target for the company. in a research report on Wednesday, August 26th. TD Cowen reaffirmed a “hold” rating and issued a $346.00 price target on shares of Intuit in a research note on Friday, September 18th. Piper Sandler lifted their price objective on Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a report on Wednesday, August 26th. Finally, Evercore reiterated an “outperform” rating on shares of Intuit in a research note on Friday, September 18th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $431.55.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit unveiled an expanded Intuit Intelligence platform that connects businesses and accounting firms through AI-powered automation, data insights, and workflow tools. The rollout is intended to strengthen QuickBooks and Intuit’s broader ecosystem while increasing accountant and business customer engagement. Intuit Expands Intelligence Platform to Power the Next Era of Accounting Firm and Business Growth
• Positive Sentiment: New AI capabilities are being tailored for industries including nonprofits and manufacturers, potentially expanding Intuit’s addressable market and supporting longer-term revenue growth. Intuit Unveils Custom Financial AI Tools for Nonprofits and Manufacturers
• Positive Sentiment: Oppenheimer raised its price target for Intuit to $406 from $380 and maintained an Outperform rating, citing the company’s multi-year strategy and growth outlook. Oppenheimer Adjusts Price Target on Intuit to $406 From $380

Intuit Stock Down 3.4%

Shares of NASDAQ INTU opened at $328.45 on Wednesday. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $688.90. The company has a 50-day moving average of $320.86 and a 200 day moving average of $367.06.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 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. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous 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. As a group, research analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were issued a $1.38 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, October 8th.

Intuit Company Profile

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.