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

Rakuten Investment Management Inc. purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 66,396 shares of the software maker’s stock, valued at approximately $17,688,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Intuit in the 4th quarter worth approximately $25,000. Fiduciary Financial Advisors bought a new stake in shares of Intuit during the 2nd quarter worth $25,000. Osbon Capital Management LLC acquired a new position in shares of Intuit in the 2nd quarter valued at $26,000. MidFirst Bank purchased a new position in shares of Intuit in the second quarter worth approximately $28,000. Finally, HHM Wealth Advisors LLC grew its position in Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

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.

Analysts Set New Price Targets

INTU has been the topic of several research analyst reports. Mizuho lowered their target price on Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 17th. Daiwa Securities Group lowered their target price on shares of Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Wolfe Research lowered shares of Intuit from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. Argus cut their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Finally, TD Cowen reiterated a “buy” rating on shares of Intuit in a research note on Tuesday, August 18th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Intuit has a consensus rating of “Hold” and a consensus target price of $434.68.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The transaction 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. Also, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,146 shares of company stock worth $662,666 over the last quarter. 2.49% of the stock is owned by company insiders.

Intuit Price Performance

NASDAQ:INTU opened at $358.06 on Friday. The firm has a market cap of $97.94 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.90 and a beta of 0.97. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The company’s 50-day moving average price is $307.36 and its two-hundred day moving average price is $356.70.

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, beating analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion during 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 was up 13.7% on a year-over-year basis. During the same period last 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. On average, equities analysts anticipate that Intuit Inc. will post 23 EPS for the current fiscal year.

Intuit Increases Dividend

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

Intuit Company 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.