Penobscot Investment Management Company Inc. Boosts Position in Intuit Inc. $INTU

Penobscot Investment Management Company Inc. raised its stake in Intuit Inc. (NASDAQ:INTU) by 85.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 14,841 shares of the software maker’s stock after acquiring an additional 6,819 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Intuit were worth $6,417,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rakuten Investment Management Inc. boosted its position in shares of Intuit by 522.3% in the 4th quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after purchasing an additional 43,389 shares during the period. Bank of New York Mellon Corp increased 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 worth $1,848,954,000 after buying an additional 471,451 shares during the period. Vestcor Inc lifted its stake in Intuit by 79.1% in the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after buying an additional 9,148 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Intuit by 119.5% in the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after buying an additional 47,148 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Intuit by 13.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock valued at $39,728,000 after acquiring an additional 6,999 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ:INTU opened at $281.17 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $76.91 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. The firm’s fifty day moving average price is $321.31 and its 200 day moving average price is $426.73. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the prior year, the firm earned $11.65 EPS. Intuit’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, sell-side analysts expect that Intuit Inc. will post 18.19 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Intuit’s dividend payout ratio (DPR) is presently 29.07%.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was 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 $3,084,358.56. This trade represents a 2.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on INTU shares. KeyCorp cut their target price on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Rothschild & Co Redburn dropped their price objective on shares of Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Stifel Nicolaus restated a “hold” rating and issued a $275.00 price objective (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Finally, The Goldman Sachs Group downgraded shares of Intuit from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $498.40.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Shares rose as traders favored software stocks over high-flying semiconductors, and Intuit benefited from the broader risk-on move in the group. Atlassian and Intuit Shares Skyrocket, What You Need To Know
• Positive Sentiment: Citi reportedly kept a buy rating on Intuit (INTU), arguing that the recent decline has created an attractive entry point and that analysts still see meaningful upside over the next 12 months. Citi Remains a Buy on Intuit (INTU) Despite 8% Decline Over the Past Month
• Positive Sentiment: Intuit’s recent earnings and guidance remain supportive in the background, with the company having previously beaten expectations and raised forward outlooks, which helps reinforce the long-term growth case. Here are Wall Street analysts’ top S&P 500 stocks for the second half of 2026
• Neutral Sentiment: Media coverage of CFO Sandeep Aujla and general “best stocks” lists may support visibility, but these items are not direct fundamentals catalysts for the stock. Intuit CFO Sandeep Aujla on the power of possibility
• Negative Sentiment: Earlier reports highlighted pressure from valuation concerns, AI disruption fears, and analyst downgrades tied to Intuit’s pricing strategy, which likely contributed to the stock’s recent weakness before today’s rebound. Intuit (INTU) Faces Downgrades As Pricing Risks And AI Shift Raise New Doubts

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.