Intuit Inc. $INTU Stake Lessened by Greenleaf Trust

Greenleaf Trust lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 24.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,386 shares of the software maker’s stock after selling 2,104 shares during the period. Greenleaf Trust’s holdings in Intuit were worth $1,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Delta Asset Management LLC TN raised its position in Intuit by 13.2% during the second quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker’s stock valued at $67,000 after buying an additional 30 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Intuit by 6.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock valued at $870,260,000 after acquiring an additional 215,814 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in Intuit by 8.6% during the 2nd quarter. New Mexico Educational Retirement Board now owns 13,878 shares of the software maker’s stock valued at $3,622,000 after acquiring an additional 1,100 shares in the last quarter. Mufg Securities Americas Inc. increased its holdings in shares of Intuit by 8.2% in the 2nd quarter. Mufg Securities Americas Inc. now owns 8,330 shares of the software maker’s stock valued at $2,174,000 after purchasing an additional 630 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Intuit by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 74,715 shares of the software maker’s stock valued at $19,501,000 after purchasing an additional 722 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 284 shares of the business’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 completion of the sale, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at $564,167.12. The trade was a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,146 shares of company stock valued at $662,666 in the last ninety days. 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: Management’s planned strategy to reduce initial revenue per TurboTax do-it-yourself customer could help restore customer volume and support longer-term growth. The approach suggests the weakness is a strategic reset focused on winning back users rather than an immediate deterioration in the overall business. Intuit is Lowering TurboTax Revenue per User to Win Customers
• Positive Sentiment: Analysts and investors continue to point to Intuit’s mid-market expansion, artificial-intelligence adoption and substantial share repurchases as potential offsets to slower consumer-tax growth. One analysis characterized the earnings reset as a pivot rather than a breakdown in the company’s fundamentals. Intuit’s Earnings Reset May Be More Pivot Than Plunge
• Neutral Sentiment: Intuit is reorganizing its reporting structure, with Mailchimp becoming a separate reportable segment beginning in fiscal 2027. This may improve transparency around the company’s different growth engines but does not by itself change financial performance. Mailchimp Becomes a Separate Operating Segment
• Negative Sentiment: TurboTax underperformance and competitive pricing pressure remain the primary concerns. Fiscal 2027 revenue growth is expected at only 9% to 10%, with TurboTax growth projected at 2% to 3%; near-term revenue guidance also trailed analyst estimates. Intuit’s Real Problem Is Not on Its Income Statement
• Negative Sentiment: Several firms lowered their ratings or price targets, including downgrades from Bank of America, JPMorgan and Wolfe Research and target reductions from Oppenheimer and Truist. The analyst actions reflect concern that the slower-growth outlook warrants a lower valuation.
• Negative Sentiment: Multiple law firms publicized securities-fraud class-action deadlines for September 8, alleging that Intuit misrepresented the strength of its tax-related business. These announcements add reputational and potential legal overhang, although the allegations have not been proven.

Intuit Stock Performance

Shares of INTU opened at $358.06 on Monday. The company’s fifty day moving average is $307.36 and its 200-day moving average is $356.13. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The firm has a market cap of $97.94 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97. 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 (NASDAQ:INTU) last released 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 during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. Intuit’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities analysts expect that Intuit Inc. will post 23.07 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared 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. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s payout ratio is presently 29.09%.

Analysts Set New Price Targets

Several analysts recently commented on INTU shares. Jefferies Financial Group decreased their price target on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. UBS Group set a $370.00 price objective on shares of Intuit in a research note on Thursday. Truist Financial decreased their target price on shares of Intuit from $350.00 to $300.00 and set a “hold” rating for the company in a research note on Wednesday, August 26th. JPMorgan Chase & Co. cut shares of Intuit from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $605.00 to $331.00 in a report on Wednesday, August 26th. Finally, Barclays dropped their price target on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating on the stock in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Intuit currently has a consensus rating of “Hold” and an average 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; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.