Northwestern Mutual Wealth Management Co. Reduces Stock Position in Intuit Inc. $INTU

Northwestern Mutual Wealth Management Co. cut its holdings in Intuit Inc. (NASDAQ:INTU) by 30.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,509 shares of the software maker’s stock after selling 8,296 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Intuit were worth $4,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Betterment LLC increased its stake in shares of Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after buying an additional 16 shares during the period. One Capital Management LLC lifted its stake in Intuit by 2.7% in the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock worth $465,000 after acquiring an additional 18 shares during the period. Quadcap Wealth Management LLC lifted its stake in Intuit by 1.0% in the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 18 shares during the period. Washington Trust Bank boosted its holdings in Intuit by 3.0% in the fourth quarter. Washington Trust Bank now owns 790 shares of the software maker’s stock valued at $523,000 after acquiring an additional 23 shares in the last quarter. Finally, Barr E S & Co. increased its position in Intuit by 1.5% during the 4th quarter. Barr E S & Co. now owns 1,608 shares of the software maker’s stock valued at $1,065,000 after purchasing an additional 24 shares during the period. Institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on INTU. Argus decreased their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a report on Friday, May 22nd. UBS Group set a $370.00 price target on shares of Intuit in a research report on Thursday, August 27th. HSBC decreased their price target on shares of Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Oppenheimer cut their price objective on Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Finally, Northcoast Research reduced their target price on Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Intuit has a consensus rating of “Hold” and an average target price of $434.68.

Insider Buying and Selling at Intuit

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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Dalzell sold 338 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,146 shares of company stock valued at $662,666 over the last 90 days. Corporate insiders own 2.49% of the company’s stock.

Intuit Trading Up 0.4%

NASDAQ:INTU opened at $344.30 on Friday. Intuit Inc. has a one year low of $252.84 and a one year high of $705.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. The company’s 50-day simple moving average is $314.53 and its 200 day simple moving average is $354.54. The firm has a market capitalization of $94.18 billion, a P/E ratio of 20.87, a PEG ratio of 0.98 and a beta of 0.98.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share 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 business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the firm earned $2.75 earnings per share. 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 forecast that Intuit Inc. will post 23.49 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a $1.38 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s payout ratio is currently 29.09%.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors are increasingly viewing Intuit as a value opportunity after the sharp decline from its prior highs. Recent commentary highlighted the company’s solid fundamentals and potential upside if the stock eventually returns to its peak valuation. Forget AI Stocks: Buy This Tech Stock Now for Value and 130% Upside
• Positive Sentiment: Intuit’s fiscal 2026 results showed revenue growth of roughly 14%, while Credit Karma grew 20% and TurboTax grew 7%. The company also repurchased $5.5 billion of stock, has $7.9 billion remaining under its authorization, and raised its quarterly dividend 15% to $1.38 per share—supportive factors for the rebound. Intuit Gains as Investors Reassess Post-Earnings Selloff
• Positive Sentiment: Management scheduled an annual Investor Day for September 17. The event could provide additional detail on Intuit’s growth strategy, artificial-intelligence initiatives and its medium-term outlook, potentially helping stabilize investor expectations. Intuit to Host Annual Investor Day on September 17
• Neutral Sentiment: CFO Sandeep Aujla will present at the Goldman Sachs Communacopia + Technology Conference on September 10. Investors may look for updates on demand, TurboTax growth and the fiscal 2027 outlook. Intuit CFO Sandeep Aujla to Present at the Goldman Sachs Communacopia + Technology Conference
• Neutral Sentiment: KeyCorp’s published estimates call for approximately $23.06 in fiscal 2027 EPS and $26.84 in fiscal 2028 EPS, broadly consistent with current full-year expectations and indicating continued earnings growth, but not representing a new major forecast change. KeyCorp Intuit earnings estimates
• Negative Sentiment: Several law firms publicized a securities-fraud class action and a September 8 lead-plaintiff deadline. The complaints reportedly concern alleged misrepresentations about TurboTax growth prospects. The announcements do not establish wrongdoing, but they add legal and reputational overhang to the stock. Pomerantz Class Action Announcement
• Negative Sentiment: Fiscal 2027 guidance projects slower overall growth of 9% to 10%, with TurboTax growth of only 2% to 3%. That deceleration was the main reason for the earlier earnings-related pressure and remains a key risk despite the current recovery. Intuit Fiscal 2027 Outlook Analysis

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.