Intuit Inc. $INTU Stock Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 24.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 130,877 shares of the software maker’s stock after buying an additional 26,030 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Intuit were worth $36,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LifeGoal Investments LLC lifted its stake in Intuit by 9.6% during the third quarter. LifeGoal Investments LLC now owns 1,975 shares of the software maker’s stock worth $545,000 after purchasing an additional 173 shares during the last quarter. GAMMA Investing LLC increased its stake in Intuit by 16.7% in the third quarter. GAMMA Investing LLC now owns 5,989 shares of the software maker’s stock valued at $1,651,000 after purchasing an additional 856 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its holdings in Intuit by 4.5% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 32,640 shares of the software maker’s stock worth $8,999,000 after purchasing an additional 1,417 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Intuit by 21.0% during the third quarter. Farther Finance Advisors LLC now owns 9,290 shares of the software maker’s stock worth $2,561,000 after purchasing an additional 1,613 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Intuit by 103.7% during the 3rd quarter. CoreCap Advisors LLC now owns 613 shares of the software maker’s stock worth $169,000 after buying an additional 312 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit outperformed much of the technology sector during a difficult week for stocks, suggesting investors viewed the company as relatively defensive despite broader concerns related to the Iran war and financial-market uncertainty. Are SaaS Stocks Making A Comeback? Autodesk, Intuit Outperform In Tough Week For Tech
• Positive Sentiment: Intuit’s AI-powered Accountant Suite is gaining traction with accounting professionals. New agentic-AI capabilities and partnerships spanning QuickBooks, payroll and marketing analytics could increase platform adoption, deepen customer relationships and support longer-term revenue growth. Intuit Scales Accountant Suite: Can Adoption Fuel Growth?
• Positive Sentiment: Intuit will distribute approximately $368.8 million, or $1.38 per share, in dividends on October 16. The payout reinforces the company’s shareholder-return profile and may support investor interest, though the dividend itself does not change the company’s underlying earnings outlook. Intuit’s $369 Million Dividend: What Shareholders Collect on October 16
• Neutral Sentiment: Recent coverage points to nearly 9% share appreciation over three months, supported by mid-market and financial-services growth. However, the reports characterize the stock’s upside as dependent on continued execution rather than a clear near-term catalyst. Intuit Stock Gains Nearly 9% in 3 Months: Is More Upside Still Ahead?
• Negative Sentiment: Investors remain concerned that customer additions are slowing and that Intuit’s valuation could limit further gains, even with solid growth in its mid-market and financial-services businesses. An executive’s RSU vesting and tax-related share withholding was also disclosed, but it appears administrative rather than a major fundamental signal.

Insider Transactions at Intuit

In related news, CAO Lauren Hotz sold 907 shares of the firm’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 completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Dalzell sold 285 shares of Intuit 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 completion of the sale, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This represents 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. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the subject of several research analyst reports. Evercore restated an “outperform” rating on shares of Intuit in a report on Friday, September 18th. KeyCorp set a $400.00 price target on shares of Intuit in a research report on Wednesday, August 26th. Barclays decreased their price objective on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. Truist Financial reaffirmed a “hold” rating and set a $300.00 price objective on shares of Intuit in a report on Friday, September 18th. Finally, Jefferies Financial Group cut their target price on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Sunday, August 23rd. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $431.55.

Intuit Stock Performance

Intuit stock traded down $1.89 during mid-day trading on Friday, reaching $301.99. 1,124,570 shares of the company were exchanged, compared to its average volume of 4,273,166. The firm’s 50-day simple moving average is $322.30 and its two-hundred day simple moving average is $332.97. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $689.17. The firm has a market cap of $80.70 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 0.87 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities analysts predict that Intuit Inc. will post 23.01 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently declared 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. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is presently 29.09%.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

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