119,581 Intuit Inc. $INTU Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lowered its stake in Intuit Inc. (NASDAQ:INTU) by 97.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,459 shares of the software maker’s stock after selling 119,581 shares during the quarter. Curated Wealth Partners LLC’s holdings in Intuit were worth $954,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. WealthPlan Investment Management LLC grew its holdings in Intuit by 21.5% in the third quarter. WealthPlan Investment Management LLC now owns 1,018 shares of the software maker’s stock worth $281,000 after purchasing an additional 180 shares during the period. Nvwm LLC raised its holdings in shares of Intuit by 1,107.7% during the third quarter. Nvwm LLC now owns 157 shares of the software maker’s stock valued at $43,000 after purchasing an additional 144 shares during the period. HBW Advisory Services LLC raised its holdings in shares of Intuit by 144.7% during the third quarter. HBW Advisory Services LLC now owns 4,136 shares of the software maker’s stock valued at $1,140,000 after purchasing an additional 2,446 shares during the period. William Allan Corp raised its holdings in shares of Intuit by 8.5% during the third quarter. William Allan Corp now owns 4,484 shares of the software maker’s stock valued at $1,236,000 after purchasing an additional 352 shares during the period. Finally, Mather Group LLC. raised its holdings in shares of Intuit by 115.5% during the third quarter. Mather Group LLC. now owns 3,164 shares of the software maker’s stock valued at $872,000 after purchasing an additional 1,696 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Intuit from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $605.00 to $331.00 in a research report on Wednesday, August 26th. Citigroup decreased their target price on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Piper Sandler boosted their target price on Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research report on Wednesday, August 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $300.00 price target on shares of Intuit in a research note on Friday, September 18th. Finally, Jefferies Financial Group cut their price target on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Sunday, August 23rd. Sixteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit has an average rating of “Hold” and an average price target of $431.55.

Insider Activity

In related news, CAO Lauren Hotz sold 907 shares of the company’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 sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Dalzell sold 285 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.49% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Sequence automates the end-to-end quote-to-revenue process, including pricing, contracts, invoicing, collections and revenue recognition. Its support for usage-, seat- and milestone-based billing could broaden Intuit’s appeal to software, professional-services and other businesses with complex billing needs. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: The acquisition is expected to add capabilities to Intuit’s financial system of intelligence and strengthen Intuit Enterprise Suite and QuickBooks Online Advanced. Investors interpreted the transaction as evidence that Intuit is using AI to expand beyond its traditional small-business and consumer tax markets. Intuit deal signals bet on AI demand in revenue management
• Positive Sentiment: The announcement triggered a broad rally in INTU as market participants focused on potential long-term cross-selling opportunities and growth in mid-market financial-management software. Financial terms were not disclosed, leaving the immediate earnings impact uncertain. Why Intuit Stock Is Trading Up Today

Intuit Stock Performance

Shares of INTU stock opened at $330.17 on Friday. The firm has a market capitalization of $88.23 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.01. The firm has a fifty day simple moving average of $321.16 and a two-hundred day simple moving average of $328.64. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $689.17.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the company posted $2.75 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Analysts forecast that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, October 8th. This is a boost from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. Intuit’s payout ratio is presently 33.45%.

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.