1,718 Intuit Inc. $INTU Shares Bought by StoneX Group Inc.

StoneX Group Inc. grew its holdings in Intuit Inc. (NASDAQ:INTU) by 210.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,533 shares of the software maker’s stock after acquiring an additional 1,718 shares during the period. StoneX Group Inc.’s holdings in Intuit were worth $698,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Fiduciary Financial Advisors acquired a new stake in shares of Intuit in the 2nd quarter valued at $25,000. Osbon Capital Management LLC acquired a new position in Intuit during the second quarter worth $26,000. MidFirst Bank acquired a new position in Intuit during the second quarter worth $28,000. James T. Borello RIA increased its position in Intuit by 350.0% during the third quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock worth $30,000 after buying an additional 84 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. raised its holdings in Intuit by 900.0% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 120 shares of the software maker’s stock valued at $33,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s revenue grew about 14%, and the company continues incorporating AI into its tax and accounting products—potentially supporting future growth. It ranked eighth in a roundup of AI-powered financial stocks. Intuit grew revenue 14%, but guidance points lower
• Neutral Sentiment: A comparison with Accenture highlights Intuit’s expanding financial-technology ecosystem and AI integration, but does not provide a specific new catalyst for the stock. Accenture vs. Intuit
• Negative Sentiment: Coverage says guidance points lower despite revenue growth, while a separate report raises questions about Intuit’s AI push. Investors may be concerned that AI investment has yet to translate into stronger expected growth. Revenue growth and guidance Questions about Intuit’s AI push

Analyst Upgrades and Downgrades

INTU has been the topic of several recent research reports. Barclays cut their target price on Intuit from $443.00 to $408.00 and set an “overweight” rating on the stock in a report on Wednesday, August 26th. Wolfe Research downgraded Intuit from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 26th. Royal Bank Of Canada reissued an “outperform” rating and set a $385.00 price objective on shares of Intuit in a report on Friday, October 2nd. Piper Sandler raised their price objective on Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings upgraded Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $431.68.

Intuit Price Performance

NASDAQ INTU opened at $340.44 on Wednesday. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $682.27. The company has a fifty day simple moving average of $317.84 and a 200 day simple moving average of $355.16. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The company has a market cap of $90.98 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.12 and a beta of 0.91.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the business earned $2.75 EPS. The business’s revenue was up 13.7% on a year-over-year basis. 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, sell-side analysts predict that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is presently 33.45%.

Insider Activity

In related news, 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Dalzell sold 285 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by insiders.

Intuit Company Profile

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.