Ninety One UK Ltd Sells 24,412 Shares of Intuit Inc. $INTU

Ninety One UK Ltd lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.0% in the third quarter, HoldingsChannel.com reports. The firm owned 2,343,602 shares of the software maker’s stock after selling 24,412 shares during the period. Intuit accounts for approximately 1.5% of Ninety One UK Ltd’s portfolio, making the stock its 16th largest holding. Ninety One UK Ltd’s holdings in Intuit were worth $646,155,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its position in Intuit by 119.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after buying an additional 47,148 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Intuit in the 2nd quarter worth $1,643,000. Brookstone Capital Management lifted its stake in shares of Intuit by 45.8% in the 1st quarter. Brookstone Capital Management now owns 32,135 shares of the software maker’s stock worth $13,895,000 after acquiring an additional 10,089 shares during the period. J. Safra Sarasin Holding AG boosted its holdings in shares of Intuit by 831.4% in the first quarter. J. Safra Sarasin Holding AG now owns 27,337 shares of the software maker’s stock valued at $11,817,000 after acquiring an additional 24,402 shares in the last quarter. Finally, Lindsell Train Ltd boosted its holdings in shares of Intuit by 20.2% in the first quarter. Lindsell Train Ltd now owns 733,699 shares of the software maker’s stock valued at $317,237,000 after acquiring an additional 123,448 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “sell” rating on shares of Intuit in a report on Thursday, September 24th. Morgan Stanley lowered their price objective on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 26th. Jefferies Financial Group lowered their price objective on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Sunday, August 23rd. UBS Group reiterated a “neutral” rating on shares of Intuit in a research report on Friday, September 18th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $300.00 target price on shares of Intuit in a research note on Friday, September 18th. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $431.55.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% 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. Also, CAO Lauren D. Hotz sold 907 shares of the company’s 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 sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.49% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit agreed to acquire Sequence, whose platform automates the quote-to-revenue process, including complex pricing, billing, collections and revenue recognition. The technology is expected to strengthen Intuit Enterprise Suite and QuickBooks Online Advanced, expanding the company’s addressable market among mid-market businesses. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: Sequence supports usage-based, seat-based and milestone-based billing models, potentially giving Intuit stronger exposure to software and professional-services customers with more sophisticated financial needs. Investors appear to view the transaction as a strategic expansion of Intuit’s financial “system of intelligence.” Intuit Shares Jump as Sequence Deal Adds AI Revenue-Management Capabilities
• Positive Sentiment: Recent analyst targets include several levels above the current trading range, with a reported six-month median target of $421. This suggests some analysts continue to see valuation upside if Intuit executes on its enterprise, AI and platform expansion plans.
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: major investors including Invesco, JPMorgan and FIL added shares, while T. Rowe Price and Wellington reduced holdings. This provides no clear consensus signal.
• Negative Sentiment: Intuit’s lower-priced Credit Karma Tax offerings could help regain price-sensitive customers, but the pricing changes may slow TurboTax revenue growth in fiscal 2027. Intuit’s Lower DIY Tax Pricing: Will It Weigh on Revenue Growth?
• Negative Sentiment: Mailchimp remains a longer-term concern, with declining revenue and customer churn weighing on Intuit’s growth profile despite efforts to improve margins, retention and SMS adoption. Intuit’s Mailchimp Faces Headwinds: Can It Stage a Turnaround?

Intuit Price Performance

INTU stock traded up $19.62 during trading on Thursday, reaching $330.06. 2,442,690 shares of the company were exchanged, compared to its average volume of 4,259,932. 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’s 50 day moving average price is $320.99 and its 200 day moving average price is $329.25. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $689.17. The company has a market cap of $88.21 billion, a P/E ratio of 20.00, a PEG ratio of 0.88 and a beta of 1.01.

Intuit (NASDAQ:INTU) last issued 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 net margin of 21.29% and a return on equity of 25.97%. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the company posted $2.75 earnings per share. The firm’s quarterly 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, analysts predict that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 8th. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is 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.