Intuit Inc. $INTU Shares Purchased by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 32.7% during the 2nd quarter, Holdings Channel reports. The firm owned 75,319 shares of the software maker’s stock after buying an additional 18,568 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Intuit were worth $19,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INTU. Rakuten Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 43,389 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after purchasing an additional 471,451 shares in the last quarter. Vestcor Inc increased its holdings in Intuit by 79.1% in the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after buying an additional 9,148 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Intuit by 119.5% in the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after buying an additional 47,148 shares during the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new stake in Intuit in the second quarter valued at $1,643,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Summary

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

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director owned 12,326 shares in the company, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 dated 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 directly owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,146 shares of company stock worth $662,666 over the last three months. 2.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on INTU. Daiwa Securities Group lowered their price objective on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. The Goldman Sachs Group boosted their target price on Intuit from $276.00 to $304.00 and gave the stock a “sell” rating in a research note on Wednesday, August 26th. Citigroup lowered their price target on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Weiss Ratings lowered shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Finally, Morgan Stanley cut their price objective on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 26th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $434.68.

Intuit Trading Up 0.3%

INTU opened at $359.30 on Tuesday. The company has a quick ratio of 1.45, 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 $705.08. The business’s 50 day moving average is $309.39 and its two-hundred day moving average is $355.69. The firm has a market cap of $98.28 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, research analysts predict that Intuit Inc. will post 23.07 EPS for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be paid a dividend of $1.38 per share. The ex-dividend date is Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is currently 29.09%.

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.