Equitable Holdings Inc. Makes New Investment in Intuit Inc. $INTU

Equitable Holdings Inc. purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,455 shares of the software maker's stock, valued at approximately $1,424,000.

Several other institutional investors and hedge funds also recently made changes to their positions in INTU. Intesa Sanpaolo Wealth Management bought a new stake in Intuit in the fourth quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit in the 3rd quarter worth approximately $33,000. Birchwood Financial Partners Inc. acquired a new position in shares of Intuit in the 4th quarter worth approximately $33,000. Fiduciary Financial Advisors bought a new stake in shares of Intuit in the 2nd quarter valued at $25,000. Finally, Sankala Group LLC bought a new stake in shares of Intuit in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Key Stories Impacting Intuit

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.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,146 shares of company stock worth $662,666. 2.49% of the stock is owned by company insiders.

Intuit Stock Up 2.9%

Intuit stock opened at $358.06 on Friday. The company has a market capitalization of $97.94 billion, a PE ratio of 21.70, a PEG ratio of 0.90 and a beta of 0.97. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $705.08. The firm's fifty day moving average is $307.36 and its 200 day moving average is $356.70. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

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, beating the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the firm posted $2.75 earnings per share. The business's revenue was up 13.7% compared to the same quarter last year. 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, sell-side analysts predict that Intuit Inc. will post 23 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 8th. This is a positive change from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio is presently 29.09%.

Analysts Set New Price Targets

INTU has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Intuit from $360.00 to $300.00 and set an "equal weight" rating for the company in a research note on Wednesday. The Goldman Sachs Group upped their price target on shares of Intuit from $276.00 to $304.00 and gave the company a "sell" rating in a research report on Wednesday. Stifel Nicolaus set a $300.00 price target on Intuit in a report on Wednesday. Rothschild & Co Redburn lowered their price objective on Intuit from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group dropped their price objective on Intuit from $550.00 to $500.00 and set a "buy" rating on the stock in a research note on Sunday, August 23rd. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Intuit presently has an average rating of "Hold" and an average price target of $434.68.

Intuit Profile

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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