HB Wealth Management LLC Reduces Holdings in Intuit Inc. $INTU

HB Wealth Management LLC reduced its stake in Intuit Inc. (NASDAQ:INTU) by 30.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,759 shares of the software maker’s stock after selling 2,499 shares during the quarter. HB Wealth Management LLC’s holdings in Intuit were worth $1,503,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. XXEC Inc. acquired a new stake in Intuit during the 2nd quarter worth about $436,740,000. BlackRock Inc. acquired a new stake in shares of Intuit during the second quarter worth about $6,851,859,000. State Street Corp boosted its position in Intuit by 1.4% in the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after buying an additional 180,069 shares during the last quarter. Corient Private Wealth LP acquired a new position in Intuit in the 2nd quarter worth approximately $40,545,000. Finally, Geode Capital Management LLC raised its position in Intuit by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after buying an additional 87,451 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 285 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction 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 directly owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,760 shares of company stock valued at $561,683 in the last three months. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INTU shares. BNP Paribas Exane cut their price objective 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. Jefferies Financial Group dropped their target price on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Sunday, August 23rd. Wolfe Research lowered Intuit from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 26th. Rothschild & Co Redburn cut their target price on shares of Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. Finally, TD Cowen restated a “buy” rating on shares of Intuit in a research report on Tuesday, August 18th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Hold” and an average target price of $434.68.

Intuit Price Performance

Intuit stock opened at $313.94 on Thursday. The stock has a market capitalization of $85.88 billion, a P/E ratio of 19.03, a P/E/G ratio of 0.91 and a beta of 0.98. The company’s fifty day moving average price is $319.26 and its 200 day moving average price is $352.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $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 anticipate that Intuit Inc. will post 23.49 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 paid a dividend of $1.38 per share. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.8%. Intuit’s dividend payout ratio (DPR) is presently 29.09%.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: An interview highlighted Intuit’s use of artificial intelligence in financial management and everyday money tools. Continued AI development could support product adoption, efficiency, and long-term growth. Kitchen table finances: Intuit on AI and everyday money management
• Neutral Sentiment: Director Richard Dalzell sold 285 Intuit shares for approximately $92,728, reducing his direct ownership by 2.41%. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan, it may be less concerning than an unexpected discretionary sale. Intuit insider transaction filing
• Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers, alleging violations of federal securities laws and seeking damages for investors. The lawsuit covers different purchase periods depending on the filing, while multiple firms promoted lead-plaintiff deadlines on September 8. The repeated announcements increase headline and potential legal-risk pressure, although the allegations have not been proven. Pomerantz Intuit class-action announcement Rosen Law Firm Intuit investor notice
• Negative Sentiment: A reported decision by Baron Durable Advantage Fund to exit Intuit during the second quarter adds evidence of institutional selling pressure, though the disclosure reflects an earlier investment decision and does not necessarily indicate a change in current fundamentals. Baron Durable Advantage Fund portfolio changes

Intuit Profile

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.