Intuit Inc. $INTU is Quantitative Investment Management LLC’s 10th Largest Position

Quantitative Investment Management LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 68.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,874 shares of the software maker’s stock after buying an additional 20,310 shares during the quarter. Intuit comprises approximately 1.4% of Quantitative Investment Management LLC’s portfolio, making the stock its 10th largest position. Quantitative Investment Management LLC’s holdings in Intuit were worth $13,017,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Betterment LLC boosted its position in shares of Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after buying an additional 16 shares during the period. One Capital Management LLC raised its holdings in shares of Intuit by 2.7% in the 3rd quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after buying an additional 18 shares during the period. Quadcap Wealth Management LLC lifted its stake in Intuit by 1.0% during the 3rd 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 in the last quarter. Washington Trust Bank lifted its stake in Intuit by 3.0% during the 4th quarter. Washington Trust Bank now owns 790 shares of the software maker’s stock worth $523,000 after acquiring an additional 23 shares in the last quarter. Finally, Barr E S & Co. boosted its holdings in Intuit by 1.5% during the 4th 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 during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit News Summary

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 Price Performance

Shares of NASDAQ INTU opened at $358.06 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. The stock has a fifty day moving average price of $307.36 and a 200 day moving average price of $356.13. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08. The company has a market cap of $97.94 billion, a PE ratio of 21.70, a P/E/G ratio of 0.92 and a beta of 0.97.

Intuit (NASDAQ:INTU) last released 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 company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the company earned $2.75 earnings per share. Intuit’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. Sell-side analysts forecast that Intuit Inc. will post 23.07 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is 33.45%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTU. Morgan Stanley dropped their price objective on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a report on Wednesday. Susquehanna reduced their target price on shares of Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a report on Wednesday. KeyCorp set a $400.00 price target on shares of Intuit in a research report on Wednesday. Mizuho cut their price objective on Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 17th. Finally, Daiwa Securities Group reduced their price objective on Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Intuit currently has a consensus rating of “Hold” and an average target price of $434.68.

Insider Buying and Selling

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of Intuit 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 completion of the sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. The trade was a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of Intuit 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 directly 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 disclosure for this sale is available in the SEC filing. 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 worth $662,666. 2.49% of the stock is owned by company insiders.

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.