Strengthening Families & Communities LLC Has $2.22 Million Holdings in Intuit Inc. $INTU

Key Points

• Institutional buying: Strengthening Families & Communities LLC increased its Intuit stake by 965.2% in the second quarter, bringing its holdings to 8,500 shares valued at approximately $2.22 million. Institutional investors collectively own 83.66% of the company.
• Strong results and higher dividend: Intuit reported quarterly EPS of $4.03 versus the $3.58 consensus and revenue of $4.35 billion, up 13.7% year over year. The company raised its quarterly dividend to $1.38 per share, representing a 1.6% annual yield.
• Mixed market outlook: Analysts have cut several price targets, with the stock receiving a consensus “Hold” rating and an average target of $434.68. Recent insider selling, concerns about slowing TurboTax growth and potential litigation add uncertainty despite Intuit’s growth initiatives and solid earnings outlook.

Strengthening Families & Communities LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 965.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,500 shares of the software maker's stock after acquiring an additional 7,702 shares during the quarter. Strengthening Families & Communities LLC's holdings in Intuit were worth $2,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of INTU. Brighton Jones LLC grew its holdings in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after acquiring an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the 1st quarter valued at about $785,564,000. Sivia Capital Partners LLC increased its holdings in Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock worth $698,000 after purchasing an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC increased its holdings in Intuit by 12.2% during the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock worth $370,000 after purchasing an additional 51 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Down 0.6%

Shares of Intuit stock opened at $342.94 on Thursday. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08. The firm has a market cap of $93.81 billion, a PE ratio of 20.78, a P/E/G ratio of 1.01 and a beta of 0.98. The stock has a fifty day moving average price of $312.74 and a 200-day moving average price of $354.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU - Get Free Report) last issued 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 company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm's quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Equities research analysts anticipate that Intuit Inc. will post 23.03 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Intuit's previous quarterly dividend of $1.20. Intuit's payout ratio is currently 33.45%.

Wall Street Analyst Weigh In

INTU has been the subject of several recent research reports. Bank of America downgraded Intuit from a "buy" rating to a "neutral" rating and set a $360.00 price target for the company. in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Intuit from $530.00 to $425.00 and set a "buy" rating on the stock in a report on Wednesday, August 19th. Susquehanna lowered their target price on shares of Intuit from $427.00 to $415.00 and set a "positive" rating for the company in a report on Wednesday, August 26th. Morgan Stanley dropped their price target on shares of Intuit from $335.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 26th. Finally, Oppenheimer cut their price target on shares of Intuit from $406.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $434.68.

Insider Activity at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 284 shares of the business's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,146 shares of company stock valued at $662,666. 2.49% of the stock is currently owned by company insiders.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Long-term value case: Zacks argues that Intuit’s depressed valuation and underlying fundamentals could offer substantial upside if the stock eventually regains its prior peak. Forget AI Stocks: Buy This Tech Stock Now for Value and 130% Upside
• Positive Sentiment: Growth initiatives remain supportive: TurboTax Live is gaining traction through assisted tax services, artificial intelligence and new customer additions, while Credit Karma continues to benefit from expanding offerings and deeper TurboTax integration. Intuit's TurboTax Live: Can Assisted Tax Sustain the Momentum?
• Positive Sentiment: Capital returns and earnings outlook: Intuit recently increased its dividend and updated its buyback plans. KeyCorp projects fiscal 2028 earnings of $26.84 per share, above the current-year consensus of $23.07, suggesting analysts still see meaningful earnings growth. From High Dividend Growth to High Yield, These 3 Stocks Just Boosted Dividend Payouts
• Neutral Sentiment: Intuit’s latest quarterly results exceeded expectations, with $4.03 in adjusted earnings per share and $4.35 billion in revenue, while revenue increased 13.7% year over year. Management is targeting roughly 9%–10% growth for fiscal 2027, but investors are focused on the quality and durability of that growth.
• Negative Sentiment: Litigation overhang: Several law firms are promoting a securities class action and the September 8 lead-plaintiff deadline. The allegations include misleading disclosures about generative-AI risks, Mailchimp performance, TurboTax growth and insider stock sales. These are allegations, not proven findings, but the volume of notices adds reputational and legal uncertainty. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit
• Negative Sentiment: Analysts have reportedly reduced price targets following Intuit’s TurboTax growth-guidance cut, reinforcing concerns that a key franchise may be slowing and helping explain the stock’s recent weakness. INTU Shareholder Alert

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source