XXEC Inc. Takes Position in Intuit Inc. $INTU

XXEC Inc. acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 120,315 shares of the software maker’s stock, valued at approximately $38,670,000. Intuit accounts for approximately 0.1% of XXEC Inc.’s portfolio, making the stock its 13th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. BlackRock Inc. bought a new position in shares of Intuit in the second quarter worth approximately $6,851,859,000. State Street Corp lifted its stake in shares of Intuit by 1.4% during the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after buying an additional 180,069 shares in the last quarter. Corient Private Wealth LP purchased a new stake in Intuit in the 2nd quarter worth $40,545,000. Geode Capital Management LLC increased its stake in Intuit by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after buying an additional 87,451 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Intuit by 1.2% during the fourth quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock valued at $3,378,912,000 after acquiring an additional 60,910 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is currently owned by corporate insiders.

Intuit Stock Performance

NASDAQ:INTU opened at $348.00 on Friday. The company has a market cap of $95.19 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.08 and a beta of 0.97. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08. The stock’s 50 day simple moving average is $305.53 and its two-hundred day simple moving average is $356.69. 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) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.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 prior year, the company earned $2.75 EPS. The company’s quarterly 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, equities analysts anticipate that Intuit Inc. will post 21.06 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, October 8th. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is 33.45%.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit exceeded fiscal Q4 expectations, reporting adjusted EPS of $4.03 versus the $3.58 consensus and revenue of $4.35 billion versus $4.27 billion. Revenue increased 13.7% year over year, providing evidence that the core business remains profitable and resilient. Intuit Q4 Revenues Rise
• Positive Sentiment: The board raised Intuit’s quarterly dividend 15% to $1.38 per share, signaling confidence in cash generation and returning more capital to shareholders.
• Positive Sentiment: Management highlighted adoption of its AI products, saying 75% of enterprise customers use Intuit AI agents monthly. Bulls view the expanding AI platform and planned customer-acquisition investments as potential long-term growth drivers. Intuit AI Agent Adoption
• Neutral Sentiment: Intuit is pursuing a strategic “reset to reaccelerate” customer growth, including broader QuickBooks access and changes to TurboTax pricing. The plan could strengthen market share over time, but it is expected to pressure near-term revenue and margins. Intuit Expects Revenue Deceleration
• Neutral Sentiment: Analysts remain divided: TD Cowen maintained a Hold with a $346 target, while Oppenheimer retained Outperform at $380. This reflects uncertainty over whether the investment cycle will produce renewed growth.
• Negative Sentiment: Fiscal 2027 revenue guidance of approximately $23.28 billion to $23.51 billion, representing 9%–10% growth, fell below Wall Street expectations and marked a slowdown from recent growth rates. Concerns about TurboTax pricing pressure, customer losses and possible AI disruption overshadowed the Q4 beat. Intuit Fiscal 2027 Guidance
• Negative Sentiment: JPMorgan and Wolfe Research downgraded the stock, citing weaker growth prospects, while multiple firms cut price targets. In addition, several law firms publicized a securities class action alleging misleading statements about TurboTax growth and competitive pressures, with a September 8 lead-plaintiff deadline. Intuit Securities Class Action

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a research note on Wednesday. Evercore restated an “outperform” rating on shares of Intuit in a research note on Tuesday, August 18th. KeyCorp set a $400.00 price objective on shares of Intuit in a research report on Wednesday. BNP Paribas Exane lowered their target price on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Finally, TD Cowen restated a “buy” rating on shares of Intuit in a research report on Tuesday, August 18th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.