North Star Asset Management Inc. Makes New Investment in Intuit Inc. $INTU

North Star Asset Management Inc. acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, HoldingsChannel reports. The fund acquired 64,471 shares of the software maker’s stock, valued at approximately $16,827,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new position in shares of Intuit in the 4th quarter worth $25,000. Fiduciary Financial Advisors bought a new stake in shares of Intuit in the second quarter worth $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit during the fourth quarter valued at $25,000. Osbon Capital Management LLC purchased a new stake in Intuit during the second quarter valued at $26,000. Finally, MidFirst Bank bought a new position in Intuit in the second quarter valued at about $28,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction 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. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock valued at $348,354 in the last 90 days. Company insiders own 2.49% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit exceeded fiscal Q4 expectations, reporting adjusted EPS of $4.03 versus the $3.58 consensus and revenue of $4.35 billion versus $4.27 billion. Revenue increased 13.7% year over year, providing evidence that the core business remains profitable and resilient. Intuit Q4 Revenues Rise
• Positive Sentiment: The board raised Intuit’s quarterly dividend 15% to $1.38 per share, signaling confidence in cash generation and returning more capital to shareholders.
• Positive Sentiment: Management highlighted adoption of its AI products, saying 75% of enterprise customers use Intuit AI agents monthly. Bulls view the expanding AI platform and planned customer-acquisition investments as potential long-term growth drivers. Intuit AI Agent Adoption
• Neutral Sentiment: Intuit is pursuing a strategic “reset to reaccelerate” customer growth, including broader QuickBooks access and changes to TurboTax pricing. The plan could strengthen market share over time, but it is expected to pressure near-term revenue and margins. Intuit Expects Revenue Deceleration
• Neutral Sentiment: Analysts remain divided: TD Cowen maintained a Hold with a $346 target, while Oppenheimer retained Outperform at $380. This reflects uncertainty over whether the investment cycle will produce renewed growth.
• Negative Sentiment: Fiscal 2027 revenue guidance of approximately $23.28 billion to $23.51 billion, representing 9%–10% growth, fell below Wall Street expectations and marked a slowdown from recent growth rates. Concerns about TurboTax pricing pressure, customer losses and possible AI disruption overshadowed the Q4 beat. Intuit Fiscal 2027 Guidance
• Negative Sentiment: JPMorgan and Wolfe Research downgraded the stock, citing weaker growth prospects, while multiple firms cut price targets. In addition, several law firms publicized a securities class action alleging misleading statements about TurboTax growth and competitive pressures, with a September 8 lead-plaintiff deadline. Intuit Securities Class Action

Analysts Set New Price Targets

A number of research firms recently issued reports on INTU. BMO Capital Markets reissued an “outperform” rating on shares of Intuit in a report on Wednesday. Wells Fargo & Company reduced their target price on shares of Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday. Bank of America downgraded shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target on the stock. in a research report on Wednesday. Evercore reiterated an “outperform” rating on shares of Intuit in a research note on Tuesday, August 18th. Finally, The Goldman Sachs Group boosted their price objective on shares of Intuit from $276.00 to $304.00 and gave the company a “sell” rating in a research report on Wednesday. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $434.68.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $348.00 on Friday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The stock has a market capitalization of $95.19 billion, a P/E ratio of 21.09, a PEG ratio of 1.08 and a beta of 0.97. The firm has a fifty day simple moving average of $305.53 and a two-hundred day simple moving average of $356.69. 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 posted 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 return on equity of 25.97% and a net margin of 21.29%.The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the company 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. On average, analysts expect that Intuit Inc. will post 21.06 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be paid a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. Intuit’s payout ratio is 33.45%.

About Intuit

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.