Wellington Management Group LLP Sells 2,186,501 Shares of Intuit Inc. $INTU

Wellington Management Group LLP decreased its stake in Intuit Inc. (NASDAQ:INTU) by 96.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,938 shares of the software maker’s stock after selling 2,186,501 shares during the period. Wellington Management Group LLP’s holdings in Intuit were worth $17,993,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of INTU. XXEC Inc. bought a new stake in Intuit in the 2nd quarter valued at $436,740,000. BlackRock Inc. bought a new position in shares of Intuit during the 2nd quarter worth about $6,851,859,000. State Street Corp raised its position in shares of Intuit by 1.4% during the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after buying an additional 180,069 shares during the last quarter. Corient Private Wealth LP bought a new stake in shares of Intuit in the second quarter valued at about $40,545,000. Finally, Geode Capital Management LLC grew its position in Intuit by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after buying an additional 87,451 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of INTU stock opened at $332.70 on Monday. 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 $91.01 billion, a PE ratio of 20.16, a PEG ratio of 0.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. The stock’s fifty day moving average is $315.84 and its 200-day moving average is $354.07.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’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 posted $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 research analysts expect that Intuit Inc. will post 23.49 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. Stockholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s payout ratio is currently 29.09%.

Insider Buying and Selling

In other Intuit news, Director Richard Dalzell sold 284 shares of the company’s 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 transaction, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the stock in a transaction on 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 transaction, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 2,146 shares of company stock valued at $662,666. 2.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on Intuit from $360.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Jefferies Financial Group decreased their price target on shares of Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Sunday, August 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Intuit in a research report on Wednesday, August 26th. Truist Financial lowered their target price on shares of Intuit from $350.00 to $300.00 and set a “hold” rating on the stock in a research note on Wednesday, August 26th. Finally, Susquehanna cut their price target on shares of Intuit from $427.00 to $415.00 and set a “positive” rating for the company in a research note on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $434.68.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit will host its annual Investor Day on Sept. 17, where management may provide additional detail on its growth strategy, product outlook and financial targets. The event could help investors reassess the company’s recently issued fiscal 2027 guidance. Intuit to Host Annual Investor Day on September 17
• Positive Sentiment: CFO Sandeep Aujla is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on Sept. 10, giving investors another opportunity to hear management address growth, demand and guidance. Intuit CFO Sandeep Aujla to Present at the Goldman Sachs Communacopia + Technology Conference
• Neutral Sentiment: KeyCorp’s fiscal 2027 EPS estimate of $23.06 is essentially in line with the roughly $23.03 consensus estimate, suggesting no meaningful new earnings revision from that coverage. KeyCorp Intuit earnings estimates
• Negative Sentiment: Several law firms announced or promoted securities-fraud class actions involving Intuit, with a Sept. 8 lead-plaintiff deadline. The allegations reportedly concern statements about TurboTax growth and cover periods ranging from February or August 2025 through May or June 2026. Although the notices do not establish wrongdoing, the repeated litigation coverage raises reputational, legal-cost and potential-liability concerns. Intuit Securities Fraud Lawsuit Deadline Intuit Investor Class Action

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.