Empowered Funds LLC Boosts Holdings in Intuit Inc. $INTU

Key Points

• Empowered Funds LLC increased its stake in Intuit Inc. by **15.9%**, acquiring an additional **1,113 shares**, bringing its total holdings to **8,134 shares** valued at approximately **$4.99 million**.
• Intuit announced a quarterly dividend increase from **$1.04 to $1.20 per share**, with the next payment scheduled for **October 17th**, representing a **0.7% dividend yield**.
• The company reported **earnings of $2.75 per share**, exceeding expectations, alongside a **20.3% revenue increase** year-over-year, totaling **$3.83 billion** during the last quarter.

Empowered Funds LLC increased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,134 shares of the software maker's stock after purchasing an additional 1,113 shares during the period. Empowered Funds LLC's holdings in Intuit were worth $4,994,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Peloton Wealth Strategists grew its position in Intuit by 0.3% during the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock valued at $2,710,000 after acquiring an additional 15 shares during the last quarter. MBB Public Markets I LLC bought a new stake in shares of Intuit in the 1st quarter worth approximately $323,000. Ascent Group LLC lifted its holdings in shares of Intuit by 40.3% in the 1st quarter. Ascent Group LLC now owns 1,602 shares of the software maker's stock worth $984,000 after acquiring an additional 460 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Intuit in the 1st quarter worth approximately $3,892,000. Finally, Arete Wealth Advisors LLC lifted its holdings in shares of Intuit by 5.0% in the 1st quarter. Arete Wealth Advisors LLC now owns 981 shares of the software maker's stock worth $602,000 after acquiring an additional 47 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Down 2.2%

Intuit stock traded down $14.49 during mid-day trading on Friday, reaching $646.03. 2,202,010 shares of the company traded hands, compared to its average volume of 2,153,284. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The firm's 50 day moving average price is $728.22 and its 200 day moving average price is $682.44. The firm has a market capitalization of $180.11 billion, a price-to-earnings ratio of 47.02, a P/E/G ratio of 2.55 and a beta of 1.26. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is presently 30.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on INTU shares. Barclays lowered their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. The Goldman Sachs Group boosted their price objective on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. BMO Capital Markets boosted their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Piper Sandler restated an "overweight" rating and issued a $825.00 price objective (up from $785.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Evercore ISI boosted their price objective on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 1,738 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the completion of the transaction, the chief accounting officer owned 455 shares of the company's stock, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,879 shares of company stock valued at $7,558,613. Company insiders own 2.68% of the company's stock.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.