Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 19,467 Shares of Intuit Inc. $INTU

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.9% during the third quarter, HoldingsChannel.com reports. The firm owned 1,020,622 shares of the software maker’s stock after selling 19,467 shares during the period. Intuit accounts for 2.7% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 9th largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Intuit were worth $281,396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Access Investment Management LLC purchased a new position in Intuit in the 3rd quarter worth approximately $371,000. Samalin Investment Counsel LLC raised its stake in shares of Intuit by 171.5% during the third quarter. Samalin Investment Counsel LLC now owns 3,147 shares of the software maker’s stock worth $868,000 after acquiring an additional 1,988 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of Intuit by 115.2% during the third quarter. Valley National Advisers Inc. now owns 7,276 shares of the software maker’s stock worth $2,006,000 after acquiring an additional 3,895 shares in the last quarter. Radnor Capital Management LLC purchased a new position in shares of Intuit during the third quarter worth approximately $302,000. Finally, Bernardo Wealth Planning LLC bought a new stake in shares of Intuit in the 3rd quarter worth approximately $448,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit Ventures participated in Coast’s $35 million growth-equity financing. The investment expands Intuit’s exposure to a financial platform serving small and mid-sized physical-economy businesses and could support future ecosystem opportunities. Coast Raises $35 Million to Build the Financial Platform for the Physical Economy
• Positive Sentiment: Intuit introduced a free, AI-powered federal tax-filing service through Credit Karma Tax, featuring error checks, refund optimization and real-time assistance. The product may increase customer engagement, although monetization and execution remain key questions. Intuit Rolls Out Free Federal AI Tax Filing
• Positive Sentiment: A bullish investment thesis highlights Intuit’s approximately 81% gross margin, substantial free-cash-flow generation and comparatively lower forward valuation as potential support for a rebound. These arguments may attract value-oriented investors after the stock’s recent decline. Intuit vs. PayPal and XYZ
• Neutral Sentiment: Intuit joined Wells Fargo and Arm in objecting to the unauthorized tokenization of their shares on OKX. The dispute concerns trading and regulatory rights rather than Intuit’s operations, so the direct earnings impact is likely limited. Companies Rejecting Tokenized Shares on OKX
• Negative Sentiment: Broyhill Asset Management disclosed that it was moving from Intuit to Microsoft, reflecting concerns about software quality or relative investment appeal. One manager’s decision is not a fundamental downgrade, but it can reinforce negative sentiment toward INTU. Broyhill Moves from Intuit to Microsoft
• Negative Sentiment: Analyst commentary has cited softer results, competitive pressure, AI-related execution risks and the stock’s underperformance as reasons to sell. This weighs on confidence despite Intuit’s latest earnings beat and double-digit revenue growth. 3 Reasons to Sell INTU

Analyst Ratings Changes

INTU has been the subject of a number of research reports. Morgan Stanley cut their price objective on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 26th. Wolfe Research downgraded shares of Intuit from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 26th. TD Cowen reissued a “hold” rating and issued a $346.00 price target on shares of Intuit in a research note on Friday, September 18th. Bank of America lowered shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target for the company. in a research report on Wednesday, August 26th. Finally, Oppenheimer reduced their price objective on Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit has a consensus rating of “Hold” and an average target price of $431.55.

Intuit Stock Performance

Intuit stock opened at $343.39 on Monday. The stock’s 50 day simple moving average is $320.86 and its two-hundred day simple moving average is $324.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $91.77 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.13 and a beta of 1.01. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $689.17.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the business earned $2.75 EPS. The business’s revenue for the quarter 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. As a group, analysts expect that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, October 8th. Intuit’s dividend payout ratio is presently 33.45%.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction on Thursday, August 27th. The stock was 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 approximately $564,167.12. This represents a 35.78% 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. Also, Director Richard L. Dalzell sold 285 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This represents a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by corporate insiders.

About Intuit

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.