Diversify Wealth Management 13F: Cuts INTU Stake by $5.5M

Diversify Wealth Management cut its stake in Intuit Inc. INTU by 65.5% during the quarter, according to a Form 13F filed with the Securities and Exchange Commission on October 20, 2026. The fund sold 16,608 shares of the software maker, leaving it with 8,742 shares. The remaining position was valued at about $2.9 million at the time of the filing.

INTU Intuit Inc.

$335.61 ▼ -45.93% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Diversify Wealth Management's Intuit Inc. Position

The fund trimmed its holdings significantly, dropping from 25,350 shares down to 8,742 shares. That reduction left the investment portfolio with 8,742 shares worth approximately $2,886,274.

Other Institutional Activity in Intuit Inc.

Fundsmith exited its position entirely by selling all 625,619 shares. Quilter lowered its stake by 13,770 shares, ending with 36,266 shares worth about $10.0 million after a 27.5% reduction. Accurate Wealth Management added 3,967 shares to establish a new position valued at roughly $1.2 million. Annex Advisory Services picked up 59,519 shares worth about $16.4 million. Goelzer Investment Management sold off its entire stake by getting rid of 2,189 shares.

Intuit Inc. Stock Up 0.1%

Intuit Inc. INTU recently changed hands around $335.50 as of October 22, 2026, sitting close to its close of $335.29 on the filing date. The stock trades above its 50-day moving average of $321.02 but remains below its 200-day moving average of $370.75. Shares have moved between a 52-week low of $252.84 and a 52-week high of $689.17.

Recent Earnings

Intuit Inc. INTU reported $21.4 billion in revenue over the trailing twelve months alongside $16.46 in earnings per share. The business pulled in a net profit margin of 21.3% and generated a return on equity of 23.6%. Year-over-year revenue grew by 13.7%. The software provider is scheduled to release its next round of financial results on November 19, 2026.

Dividend

Intuit Inc. INTU pays an annual dividend rate of $5.52 per share, which translates to a dividend yield of 1.64%. The company allocates 29.2% of its earnings toward dividend payments through its payout ratio.

Insider Buying and Selling at Intuit Inc.

Three insider transactions occurred prior to the filing. On June 16, 2026, Richard Dalzell sold 284 shares at $282.20 for a total value of $80,144.80 under a planned trading arrangement. Lauren Dale Hotz sold 906 shares on August 27, 2026, valued at $314,288. Richard L Dalzell sold 285 shares on September 8, 2026, at $325.36 for a total value of $92,728.

Analysts Set New Price Targets

Evercore ISI Group reiterated its Outperform rating on Intuit Inc. INTU with a $400.00 price target on September 18, 2026. Mizuho reiterated its Outperform rating with a $430.00 target on the same day. Stifel reiterated a Hold rating with a $300.00 target on September 18, 2026. Truist Securities reiterated a Hold rating with a $300.00 target on September 18, 2026. RBC Capital reiterated an Outperform rating with a $385.00 target on October 2, 2026. The stock currently holds a consensus buy rating and an average price target of $406.92 from 31 analysts.

About Intuit Inc.

Intuit Inc. INTU builds software products that help people and businesses manage their money, handle taxes, process payments, and run marketing campaigns. Well-known tools like TurboTax, QuickBooks, and Credit Karma fall under its umbrella. Institutional portfolio adjustments in companies like Intuit often help track shifting sentiment across the financial technology sector.

Bottom Line

Investors will look toward the upcoming earnings release on November 19, 2026, for updated guidance on software demand. Monitoring subsequent 13F filings will show whether other wealth managers follow similar portfolio adjustments.