Intuit Inc. $INTU Stock: Wedbush Securities Inc. Reduces Stake

Wedbush Securities Inc. trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 65.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,927 shares of the software maker’s stock after selling 3,622 shares during the quarter. Wedbush Securities Inc.’s holdings in Intuit were worth $531,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of INTU. Fifth Third Wealth Advisors LLC boosted its position in Intuit by 33.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 13,753 shares of the software maker’s stock valued at $3,792,000 after purchasing an additional 3,424 shares in the last quarter. MBL Wealth LLC purchased a new position in Intuit in the third quarter valued at about $398,000. Demars Financial Group LLC raised its holdings in Intuit by 4.7% in the third quarter. Demars Financial Group LLC now owns 6,771 shares of the software maker’s stock worth $1,867,000 after purchasing an additional 305 shares in the last quarter. WP Advisors LLC raised its holdings in Intuit by 12.0% in the third quarter. WP Advisors LLC now owns 7,103 shares of the software maker’s stock worth $1,958,000 after purchasing an additional 760 shares in the last quarter. Finally, Strategic Planning Group LLC raised its holdings in Intuit by 1.5% in the third quarter. Strategic Planning Group LLC now owns 30,104 shares of the software maker’s stock worth $8,300,000 after purchasing an additional 440 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit unveiled an expanded Intuit Intelligence platform that connects businesses and accounting firms through AI-powered automation, data insights, and workflow tools. The rollout is intended to strengthen QuickBooks and Intuit’s broader ecosystem while increasing accountant and business customer engagement. Intuit Expands Intelligence Platform to Power the Next Era of Accounting Firm and Business Growth
• Positive Sentiment: New AI capabilities are being tailored for industries including nonprofits and manufacturers, potentially expanding Intuit’s addressable market and supporting longer-term revenue growth. Intuit Unveils Custom Financial AI Tools for Nonprofits and Manufacturers
• Positive Sentiment: Oppenheimer raised its price target for Intuit to $406 from $380 and maintained an Outperform rating, citing the company’s multi-year strategy and growth outlook. Oppenheimer Adjusts Price Target on Intuit to $406 From $380

Intuit Stock Performance

INTU opened at $328.45 on Wednesday. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $688.90. The firm’s 50-day moving average price is $320.86 and its 200-day moving average price is $367.06.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous 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. On average, analysts expect that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were issued 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 1.7%. The ex-dividend date of this dividend was Thursday, October 8th.

Analyst Ratings Changes

Several research firms have commented on INTU. Stifel Nicolaus reissued a “hold” rating and set a $300.00 price target on shares of Intuit in a research report on Friday, September 18th. Wolfe Research downgraded shares of Intuit from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $385.00 price objective on shares of Intuit in a research note on Friday, October 2nd. JPMorgan Chase & Co. cut shares of Intuit from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $605.00 to $331.00 in a research report on Wednesday, August 26th. Finally, UBS Group reissued a “neutral” rating on shares of Intuit in a research report on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Intuit currently has an average rating of “Hold” and a consensus target price of $431.55.

Insiders Place Their Bets

In other news, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction on Thursday, August 27th. The shares were 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 directly owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Dalzell sold 285 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.49% of the company’s stock.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.