Empowered Funds LLC Boosts Stock Holdings in Intuit Inc. $INTU

Empowered Funds LLC raised its position in shares of Intuit Inc. (NASDAQ:INTU) by 64.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,412 shares of the software maker’s stock after purchasing an additional 5,278 shares during the period. Empowered Funds LLC’s holdings in Intuit were worth $10,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new stake in Intuit in the 1st quarter valued at about $882,031,000. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the first quarter worth about $785,564,000. Price T Rowe Associates Inc. MD raised its position in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after purchasing an additional 649,212 shares during the period. Vanguard Group Inc. lifted its stake in shares of Intuit by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after buying an additional 377,657 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after buying an additional 358,328 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. This represents a 47.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 over the last 90 days. 2.68% of the stock is owned by insiders.

Intuit Stock Up 0.6%

INTU stock opened at $649.73 on Wednesday. The company’s 50 day moving average is $666.53 and its 200 day moving average is $707.46. The stock has a market cap of $181.15 billion, a price-to-earnings ratio of 47.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INTU. Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Barclays dropped their price objective on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Citigroup reduced their target price on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Evercore ISI reissued an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $795.91.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.