Sequoia Financial Advisors LLC Has $2.99 Million Stock Position in Intuit Inc. $INTU

Sequoia Financial Advisors LLC lowered its stake in Intuit Inc. (NASDAQ:INTU) by 48.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,451 shares of the software maker’s stock after selling 10,830 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Intuit were worth $2,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in INTU. XXEC Inc. bought a new stake in shares of Intuit during the second quarter worth $436,740,000. California State Teachers Retirement System lifted its position in Intuit by 25,506.0% in the 2nd quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker’s stock valued at $28,277,368,000 after acquiring an additional 107,919,292 shares in the last quarter. BlackRock Inc. acquired a new position in Intuit in the 2nd quarter worth $6,851,859,000. State Street Corp increased its holdings in Intuit by 1.4% during the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after purchasing an additional 180,069 shares in the last quarter. Finally, Corient Private Wealth LP bought a new position in Intuit during the 2nd quarter worth about $40,545,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $321.57 on Monday. The company has a market cap of $85.94 billion, a PE ratio of 19.49, a PEG ratio of 0.92 and a beta of 0.98. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The stock has a 50 day moving average of $320.93 and a 200-day moving average of $352.02.

Intuit (NASDAQ:INTU) last issued 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 business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the company earned $2.75 earnings per share. The firm’s revenue for the quarter 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, equities research analysts anticipate that Intuit Inc. will post 23.49 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders 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 annualized dividend and a dividend yield of 1.7%. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is presently 29.09%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on INTU shares. Citigroup reduced their price objective on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Freedom Capital downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Daiwa Securities Group decreased their price target on shares of Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Barclays lowered their price objective on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating on the stock in a report on Wednesday, August 26th. Finally, Evercore reissued an “outperform” rating on shares of Intuit in a research report on Tuesday, August 18th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $430.97.

Insider Transactions at Intuit

In other news, CAO Lauren Hotz sold 907 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were 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 approximately $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 can be accessed through the SEC website. Also, Director Richard Dalzell sold 285 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,760 shares of company stock worth $561,683. 2.49% of the stock is owned by insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $385 price target, implying meaningful upside from recent trading levels. The endorsement supports the view that Intuit’s valuation does not fully reflect its long-term growth opportunities.
• Positive Sentiment: Intuit’s CFO outlined plans to build an “end-to-end consumer platform” spanning tax, personal finance, credit and other financial-management services. Greater integration across TurboTax, Credit Karma and related products could increase customer engagement, cross-selling and recurring revenue. Intuit CFO outlines consumer platform strategy
• Positive Sentiment: A review of Intuit’s latest quarterly results highlighted its earnings beat and double-digit revenue growth, reinforcing the company’s strong fundamental performance relative to parts of the finance and human-resources software sector. Intuit Q2 earnings review
• Neutral Sentiment: Director Richard Dalzell sold 285 shares worth approximately $92,728 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his ownership by 2.41%, but its planned nature limits its value as a signal about management’s current outlook. Intuit insider transaction filing
• Negative Sentiment: A tax-policy analysis criticized Intuit for reportedly paying no federal corporate income tax, potentially renewing reputational and regulatory concerns surrounding TurboTax and the tax-preparation industry. The report is unlikely to affect near-term earnings but may add headline risk. ITEP analysis of Intuit’s federal taxes

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.