66,396 Shares in Intuit Inc. $INTU Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 66,396 shares of the software maker’s stock, valued at approximately $17,688,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Glenview Trust Co acquired a new position in shares of Intuit during the 2nd quarter worth about $6,912,000. North Star Asset Management Inc. bought a new stake in shares of Intuit during the second quarter worth $16,827,000. Empowered Funds LLC bought a new position in Intuit during the 2nd quarter worth about $17,642,000. United Capital Financial Advisors LLC bought a new position in shares of Intuit during the second quarter worth about $7,580,000. Finally, Papamarkou Wellner Asset Management inc. acquired a new stake in shares of Intuit in the second quarter valued at approximately $817,000. 83.66% of the stock is currently owned by institutional investors.

Trending Headlines about 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 284 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction 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 trade represents a 35.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,146 shares of company stock valued at $662,666 in the last three months. Insiders own 2.49% of the company’s stock.

Intuit Stock Up 2.9%

Shares of INTU opened at $358.06 on Friday. The stock has a fifty day moving average of $307.36 and a 200-day moving average of $356.70. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The stock has a market capitalization of $97.94 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.90 and a beta of 0.97. 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) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the business posted $2.75 earnings per share. The business’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, sell-side analysts anticipate that Intuit Inc. will post 23 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be given a $1.38 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. Intuit’s dividend payout ratio is presently 29.09%.

Analysts Set New Price Targets

A number of research firms recently issued reports on INTU. Mizuho lowered their target price on Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 17th. Evercore reissued an “outperform” rating on shares of Intuit in a research report on Tuesday, August 18th. Daiwa Securities Group dropped their price target on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. UBS Group set a $370.00 price objective on shares of Intuit in a research note on Thursday. Finally, JPMorgan Chase & Co. cut Intuit from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $605.00 to $331.00 in a report on Wednesday. Seventeen equities 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 stock. Based on data from MarketBeat, Intuit presently has a consensus rating of “Hold” and a consensus target price 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.