13,975 Intuit Inc. $INTU Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Intuit Inc. (NASDAQ:INTU) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 683,441 shares of the software maker’s stock after selling 13,975 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of Intuit worth $188,432,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of INTU. XXEC Inc. bought a new stake in shares of Intuit during the second quarter worth approximately $436,740,000. BlackRock Inc. acquired a new position in shares of Intuit in the second quarter valued at approximately $6,851,859,000. Corient Private Wealth LP acquired a new position in shares of Intuit in the second quarter valued at approximately $40,545,000. Bank of America Corp DE bought a new position in shares of Intuit during the second quarter worth approximately $589,841,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Intuit during the second quarter worth approximately $564,592,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard Dalzell sold 285 shares of the company’s 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 completion of the sale, the director 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was 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 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.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors responded favorably to Intuit’s expanded Intuit Intelligence platform, which adds automation and workflow capabilities across QuickBooks, Intuit Enterprise Suite and Intuit Accountant Suite. The company’s planned acquisition of Sequence would further strengthen quote-to-revenue and billing automation for mid-market customers. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Management’s previously reaffirmed fiscal 2027 outlook continues to support the bullish case, including expected full-year revenue growth of approximately 9% to 10%. Intuit also launched Credit Karma Tax with free federal filing and faster-refund features ahead of tax season, adding another potential growth catalyst. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Intuit will report fiscal first-quarter 2027 results after the market closes on November 19. The event gives investors a near-term opportunity to assess demand, AI monetization and whether the company is tracking toward its full-year guidance. Intuit to Announce First-Quarter Fiscal Year 2027 Results on Nov. 19
• Neutral Sentiment: Recent institutional activity was mixed: several large investors increased their positions, while others—including Wellington Management and T. Rowe Price—reduced holdings. The conflicting signals suggest continued debate over valuation and Intuit’s AI transition.
• Negative Sentiment: Matrix Asset Advisors reportedly exited Intuit amid uncertainty about the company’s AI-driven business model, highlighting concerns about execution, competitive pressure and the timing of returns from new technology investments. Intuit (INTU): Exiting Amid AI-Driven Business Model Uncertainty
• Negative Sentiment: Insider trading data showed more sales than purchases during the past six months, a modest cautionary signal, although the transactions do not necessarily indicate a change in management’s operating outlook.

Intuit Stock Performance

INTU opened at $341.09 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $682.27. The firm has a market cap of $91.15 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. The business’s fifty day moving average is $319.38 and its 200-day moving average is $362.39.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. Intuit’s revenue for the quarter 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. Sell-side analysts expect that Intuit Inc. will post 23.02 EPS 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 1.6%. The ex-dividend date was Thursday, October 8th. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is presently 33.45%.

Analyst Ratings Changes

Several research firms recently issued reports on INTU. TD Cowen restated a “hold” rating and issued a $346.00 price target on shares of Intuit in a research note on Friday, September 18th. Stifel Nicolaus reiterated a “hold” rating and set a $300.00 price objective on shares of Intuit in a research report on Friday, September 18th. JPMorgan Chase & Co. downgraded Intuit from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $605.00 to $331.00 in a report on Wednesday, August 26th. KeyCorp set a $400.00 target price on shares of Intuit in a research report on Wednesday, August 26th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Intuit in a research note on Monday, September 21st. Sixteen equities 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’s stock. According to MarketBeat, Intuit currently has an average rating of “Hold” and an average price target of $431.55.

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.