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

Douglas Lane & Associates LLC increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 24.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,877 shares of the software maker’s stock after purchasing an additional 26,030 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Intuit were worth $36,084,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fiduciary Financial Advisors purchased a new position in Intuit during the second quarter worth about $25,000. Sankala Group LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $40,000. Whipplewood Advisors LLC acquired a new position in shares of Intuit in the 1st quarter worth approximately $30,000. HHM Wealth Advisors LLC boosted its position in shares of Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares during the period. Finally, CrossGen Wealth LLC purchased a new position in shares of Intuit during the 1st quarter worth approximately $32,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on INTU. BMO Capital Markets reissued an “outperform” rating on shares of Intuit in a research report on Monday, September 21st. Susquehanna lowered their price target on Intuit from $427.00 to $415.00 and set a “positive” rating for the company in a research report on Wednesday, August 26th. Truist Financial reaffirmed a “hold” rating and issued a $300.00 price objective on shares of Intuit in a research note on Friday, September 18th. TD Cowen reiterated a “hold” rating and issued a $346.00 price objective on shares of Intuit in a report on Friday, September 18th. Finally, The Goldman Sachs Group reissued a “sell” rating on shares of Intuit in a research note on Thursday, September 24th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $431.55.

Key Headlines Impacting Intuit

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 Buying and Selling

In related news, CAO Lauren Hotz sold 907 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Dalzell sold 285 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade 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. 2.49% of the stock is currently owned by corporate insiders.

Intuit Stock Down 0.6%

Shares of Intuit stock traded down $1.89 during trading hours 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 has a market cap of $80.70 billion, a PE ratio of 18.33, a PEG 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 Inc. has a 1 year low of $252.84 and a 1 year high of $689.17. The stock’s fifty day moving average is $322.30 and its 200 day moving average is $332.97.

Intuit (NASDAQ:INTU) last released its 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. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the business posted $2.75 earnings per share. Intuit’s revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities research analysts forecast that Intuit Inc. will post 23.01 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. This is a boost from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s dividend payout ratio is presently 29.09%.

About Intuit

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.