Flputnam Investment Management Co. Boosts Stock Position in Intuit Inc. $INTU

Flputnam Investment Management Co. boosted its position in Intuit Inc. (NASDAQ:INTU) by 800.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,098 shares of the software maker’s stock after buying an additional 13,422 shares during the period. Flputnam Investment Management Co.’s holdings in Intuit were worth $3,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Betterment LLC raised its stake in shares of Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after buying an additional 16 shares during the last quarter. One Capital Management LLC boosted its stake in shares of Intuit by 2.7% in the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock worth $465,000 after buying an additional 18 shares during the last quarter. Quadcap Wealth Management LLC grew its holdings in Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 18 shares during the period. Washington Trust Bank raised its position in Intuit by 3.0% during the fourth quarter. Washington Trust Bank now owns 790 shares of the software maker’s stock valued at $523,000 after acquiring an additional 23 shares in the last quarter. Finally, Barr E S & Co. raised its position in Intuit by 1.5% during the fourth quarter. Barr E S & Co. now owns 1,608 shares of the software maker’s stock valued at $1,065,000 after acquiring an additional 24 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In related news, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 284 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 2,146 shares of company stock valued at $662,666. Corporate insiders own 2.49% of the company’s stock.

More 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.

Intuit Stock Performance

Shares of INTU opened at $358.06 on Monday. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $705.08. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average is $307.36 and its two-hundred day moving average is $356.13. The stock has a market cap of $97.94 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97.

Intuit (NASDAQ:INTU) last issued its 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. The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm 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. Research analysts forecast that Intuit Inc. will post 23.07 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on INTU shares. Truist Financial cut their target price on shares of Intuit from $350.00 to $300.00 and set a “hold” rating for the company in a report on Wednesday, August 26th. TD Cowen restated a “buy” rating on shares of Intuit in a research report on Tuesday, August 18th. Citigroup cut their price objective on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Bank of America downgraded shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price objective for the company. in a research report on Wednesday, August 26th. Finally, Mizuho lowered their target price on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 17th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $434.68.

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.