Strengthening Families & Communities LLC Grows Stock Holdings in Intuit Inc. $INTU

Strengthening Families & Communities LLC raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 965.2% during the second quarter, HoldingsChannel reports. The fund owned 8,500 shares of the software maker’s stock after purchasing 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 and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Rakuten Investment Management Inc. grew its holdings in shares of Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after purchasing an additional 43,389 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after purchasing an additional 471,451 shares during the last quarter. Vestcor Inc grew its stake in Intuit by 79.1% in the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after buying an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Intuit by 119.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after buying an additional 47,148 shares during the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of Intuit during the 2nd quarter valued at $1,643,000. 83.66% of the stock is owned by institutional investors.

Intuit Price Performance

Shares of Intuit stock opened at $342.94 on Thursday. 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 business’s 50 day simple moving average is $312.74 and its two-hundred day simple moving average is $354.92. The stock has a market capitalization of $93.81 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. Intuit Inc. has a one year low of $252.84 and a one year high of $705.08.

Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the business earned $2.75 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Analysts forecast that Intuit Inc. will post 23.03 EPS for the current year.

Intuit Increases Dividend

The firm 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 dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is currently 33.45%.

Wall Street Analyst Weigh In

INTU has been the subject of several research reports. Morgan Stanley cut their target price on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 26th. Barclays cut their price objective on Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a report on Wednesday, August 26th. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings lowered Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Finally, Bank of America cut shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target on the stock. in a research report on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $434.68.

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

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 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 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 SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the sale, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% 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 owned by corporate insiders.

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, 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.