Hardy Reed LLC Makes New $430,000 Investment in Intuit Inc. $INTU

Hardy Reed LLC bought a new position in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,646 shares of the software maker’s stock, valued at approximately $430,000.

Other hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management acquired a new position in shares of Intuit during the fourth quarter valued at about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Intuit during the fourth quarter valued at about $25,000. HHM Wealth Advisors LLC increased its holdings in shares of Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Intuit during the first quarter valued at about $30,000. Finally, CrossGen Wealth LLC acquired a new position in shares of Intuit during the first quarter valued at about $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU traded up $1.34 during trading hours on Monday, reaching $359.40. The stock had a trading volume of 1,871,193 shares, compared to its average volume of 4,382,581. The stock has a fifty day moving average of $307.36 and a 200 day moving average of $356.13. The stock has a market cap of $98.31 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $705.08. 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 (NASDAQ:INTU) last issued its 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. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.Intuit’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Sell-side analysts predict that Intuit Inc. will post 23.07 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be given a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.5%. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is currently 33.45%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the sale, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,146 shares of company stock worth $662,666. Insiders own 2.49% of the company’s stock.

Key Intuit News

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 help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management
• Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings

Wall Street Analysts Forecast Growth

INTU has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. The Goldman Sachs Group upped their price objective on shares of Intuit from $276.00 to $304.00 and gave the company a “sell” rating in a report on Wednesday. Stifel Nicolaus set a $300.00 price objective on shares of Intuit in a report on Wednesday, August 26th. JPMorgan Chase & Co. downgraded shares of Intuit from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $605.00 to $331.00 in a report on Wednesday, August 26th. Finally, Freedom Capital downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $434.68.

Intuit Profile

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.