Empowered Funds LLC Makes New Investment in Intuit Inc. $INTU

Empowered Funds LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 67,593 shares of the software maker's stock, valued at approximately $17,642,000.

Several other large investors have also modified their holdings of INTU. XXEC Inc. purchased a new stake in shares of Intuit in the second quarter valued at about $436,740,000. BlackRock Inc. purchased a new stake in Intuit during the 2nd quarter valued at approximately $6,851,859,000. State Street Corp lifted its position in Intuit by 1.4% during the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker's stock worth $8,653,092,000 after acquiring an additional 180,069 shares during the period. Corient Private Wealth LP purchased a new position in shares of Intuit in the 2nd quarter valued at approximately $40,545,000. Finally, Geode Capital Management LLC increased its holdings in shares of Intuit by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker's stock valued at $4,369,488,000 after purchasing an additional 87,451 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Price Performance

Intuit stock opened at $358.06 on Friday. The company has a market cap of $97.94 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 0.90 and a beta of 0.97. Intuit Inc. has a one year low of $252.84 and a one year high of $705.08. The business has a fifty day moving average of $307.36 and a two-hundred day moving average of $356.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.75 EPS. 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 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. The ex-dividend date is Thursday, October 8th. This is an increase from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.5%. Intuit's dividend payout ratio (DPR) is currently 29.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on INTU shares. Wells Fargo & Company lowered their price objective on shares of Intuit from $360.00 to $300.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Northcoast Research lowered their target price on shares of Intuit from $575.00 to $465.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. BNP Paribas Exane dropped their price target on shares of Intuit from $463.00 to $315.00 and set a "neutral" rating on the stock in a research note on Thursday, May 21st. Mizuho cut their price target on shares of Intuit from $500.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, August 17th. Finally, JPMorgan Chase & Co. downgraded shares of Intuit from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $605.00 to $331.00 in a research report on Wednesday. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $434.68.

Insider Transactions at Intuit

In other Intuit news, CAO Lauren D. 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 value of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred on 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 owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 2,146 shares of company stock valued at $662,666. 2.49% of the stock is currently owned by corporate insiders.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Management’s planned strategy to reduce initial revenue per TurboTax do-it-yourself customer could help restore customer volume and support longer-term growth. The approach suggests the weakness is a strategic reset focused on winning back users rather than an immediate deterioration in the overall business. Intuit is Lowering TurboTax Revenue per User to Win Customers
• Positive Sentiment: Analysts and investors continue to point to Intuit’s mid-market expansion, artificial-intelligence adoption and substantial share repurchases as potential offsets to slower consumer-tax growth. One analysis characterized the earnings reset as a pivot rather than a breakdown in the company’s fundamentals. Intuit’s Earnings Reset May Be More Pivot Than Plunge
• Neutral Sentiment: Intuit is reorganizing its reporting structure, with Mailchimp becoming a separate reportable segment beginning in fiscal 2027. This may improve transparency around the company’s different growth engines but does not by itself change financial performance. Mailchimp Becomes a Separate Operating Segment
• Negative Sentiment: TurboTax underperformance and competitive pricing pressure remain the primary concerns. Fiscal 2027 revenue growth is expected at only 9% to 10%, with TurboTax growth projected at 2% to 3%; near-term revenue guidance also trailed analyst estimates. Intuit’s Real Problem Is Not on Its Income Statement
• Negative Sentiment: Several firms lowered their ratings or price targets, including downgrades from Bank of America, JPMorgan and Wolfe Research and target reductions from Oppenheimer and Truist. The analyst actions reflect concern that the slower-growth outlook warrants a lower valuation.
• Negative Sentiment: Multiple law firms publicized securities-fraud class-action deadlines for September 8, alleging that Intuit misrepresented the strength of its tax-related business. These announcements add reputational and potential legal overhang, although the allegations have not been proven.

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; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

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