Oppenheimer & Co. Inc. Buys 2,198 Shares of Intuit Inc. $INTU

Oppenheimer & Co. Inc. lifted its stake in Intuit Inc. (NASDAQ:INTU) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,769 shares of the software maker’s stock after purchasing an additional 2,198 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Intuit were worth $4,899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Verdence Capital Advisors LLC raised its holdings in shares of Intuit by 20.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,312 shares of the software maker’s stock worth $362,000 after acquiring an additional 226 shares during the period. Flagship Harbor Advisors LLC raised its stake in Intuit by 8.2% during the third quarter. Flagship Harbor Advisors LLC now owns 4,359 shares of the software maker’s stock worth $1,202,000 after purchasing an additional 332 shares during the period. Apollon Wealth Management LLC boosted its holdings in Intuit by 15.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 25,953 shares of the software maker’s stock valued at $7,155,000 after purchasing an additional 3,506 shares during the last quarter. Access Investment Management LLC acquired a new position in Intuit in the 3rd quarter valued at about $371,000. Finally, Samalin Investment Counsel LLC grew its stake in shares of Intuit by 171.5% in the 3rd quarter. Samalin Investment Counsel LLC now owns 3,147 shares of the software maker’s stock valued at $868,000 after buying an additional 1,988 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: AI expansion supports the growth narrative: Intuit Intelligence has launched globally with new capabilities designed to help small and midsize businesses and accountants automate financial management and gain insights. The rollout could improve customer retention, increase product adoption and support longer-term revenue growth. Intuit Intelligence’s launch brings new AI capabilities for SMBs and accountants
• Positive Sentiment: Analysts expect solid earnings growth: Preview coverage ahead of Intuit’s fiscal first-quarter report points to double-digit earnings-per-share growth. The company’s prior quarter exceeded consensus estimates for both earnings and revenue, with revenue rising 13.7% year over year, providing a constructive backdrop for the next release. What You Need To Know Ahead of Intuit’s Earnings Release
• Positive Sentiment: Valuation is attracting bullish attention: Commentary describes Intuit as a high-quality business trading at a significant discount, which may encourage value-oriented investors, particularly after the stock’s decline from its 12-month high. Intuit: A Quality Business Trading At A Steep Discount
• Neutral Sentiment: Next major catalyst is scheduled: Intuit will report fiscal first-quarter 2027 results after the market closes on November 19, following the October 31 quarter-end. Investors are likely to focus on results versus the company’s guidance and management’s update on AI monetization. Intuit to Announce First-Quarter Fiscal Year 2027 Results on Nov. 19
• Negative Sentiment: AI uncertainty and competition remain risks: One investment manager disclosed an exit from Intuit amid uncertainty over how AI could change its business model. Comparisons with workflow-finance rivals such as BILL Holdings and PayPal also highlight competitive pressure and the need for Intuit to demonstrate that its AI investments translate into durable growth. Intuit (INTU): Exiting Amid AI-Driven Business Model Uncertainty

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wolfe Research downgraded shares of Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Truist Financial reiterated a “hold” rating and issued a $300.00 price objective on shares of Intuit in a report on Friday, September 18th. UBS Group reiterated a “neutral” rating on shares of Intuit in a research report on Friday, September 18th. Royal Bank Of Canada restated an “outperform” rating and issued a $385.00 target price on shares of Intuit in a research report on Friday, October 2nd. Finally, TD Cowen restated a “hold” rating and issued a $346.00 target price on shares of Intuit in a research report on Friday, September 18th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Intuit currently has a consensus rating of “Hold” and a consensus target price of $431.55.

Intuit Stock Performance

NASDAQ:INTU opened at $331.19 on Friday. The stock has a market capitalization of $88.51 billion, a P/E ratio of 17.92, a PEG ratio of 1.08 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 fifty-two week low of $252.84 and a fifty-two week high of $682.27. The company has a 50 day moving average price of $319.79 and a 200 day moving average price of $363.86.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data 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. The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities research analysts forecast that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. Intuit’s payout ratio is currently 33.45%.

Insider Transactions at Intuit

In other news, CAO Lauren Hotz sold 907 shares of the stock in a transaction dated 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 owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Dalzell sold 285 shares of the 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 sale, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This 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 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.