Empowered Funds LLC Buys 5,278 Shares of Intuit Inc. $INTU

Empowered Funds LLC lifted its stake in Intuit Inc. (NASDAQ:INTU) by 64.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,412 shares of the software maker’s stock after buying 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 SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Intuit by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after purchasing an additional 377,657 shares during the last quarter. Invenio Wealth Partners LLC increased its stake in shares of Intuit by 6.0% in the second quarter. Invenio Wealth Partners LLC now owns 516 shares of the software maker’s stock worth $406,000 after buying an additional 29 shares during the period. Pinnacle Wealth Planning Services Inc. raised its holdings in Intuit by 1.8% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,867 shares of the software maker’s stock valued at $1,471,000 after buying an additional 33 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Intuit by 22.5% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 4,897 shares of the software maker’s stock valued at $3,857,000 after buying an additional 901 shares during the period. Finally, Nordwand Advisors LLC bought a new stake in Intuit in the 2nd quarter worth $226,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Trading Up 0.6%

NASDAQ INTU opened at $649.73 on Wednesday. The firm has a market capitalization of $181.15 billion, a PE ratio of 47.29, a P/E/G ratio of 2.53 and a beta of 1.25. The stock’s 50 day moving average is $666.53 and its 200 day moving average is $707.46. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the firm posted $1.99 earnings per share. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares of the company’s stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,407 shares of company stock valued at $1,614,913 over the last quarter. Corporate insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Rothschild & Co Redburn upped their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. reduced their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Evercore ISI reaffirmed an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research note on Tuesday. Finally, KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $795.91.

Intuit Profile

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.