PNC Financial Services Group Inc. Raises Stock Position in Intuit Inc. $INTU

PNC Financial Services Group Inc. lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 29.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,264 shares of the software maker’s stock after buying an additional 34,329 shares during the period. PNC Financial Services Group Inc. owned about 0.05% of Intuit worth $119,928,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. denkapparat Operations GmbH bought a new stake in Intuit in the second quarter worth $830,000. Wealth Alliance LLC raised its stake in shares of Intuit by 3.8% in the second quarter. Wealth Alliance LLC now owns 2,120 shares of the software maker’s stock valued at $1,670,000 after acquiring an additional 77 shares during the period. Milestone Resources Group Ltd lifted its holdings in shares of Intuit by 6.1% in the 2nd quarter. Milestone Resources Group Ltd now owns 172,104 shares of the software maker’s stock worth $135,554,000 after acquiring an additional 9,862 shares during the last quarter. M&G PLC boosted its stake in shares of Intuit by 11.5% during the 2nd quarter. M&G PLC now owns 76,419 shares of the software maker’s stock worth $60,218,000 after purchasing an additional 7,899 shares during the period. Finally, Forsta AP Fonden grew its holdings in Intuit by 1.1% during the 2nd quarter. Forsta AP Fonden now owns 82,000 shares of the software maker’s stock valued at $64,586,000 after purchasing an additional 900 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Price Performance

Shares of INTU stock opened at $659.30 on Thursday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $183.82 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 2.53 and a beta of 1.25. The stock’s 50-day simple moving average is $668.04 and its 200-day simple moving average is $706.12.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (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% on a year-over-year basis. During the same quarter last year, the company posted $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Thursday, October 9th. Intuit’s dividend payout ratio is presently 34.93%.

Insider Activity at Intuit

In other Intuit 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 sale, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade 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 worth $1,614,913 over the last quarter. Insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of several analyst reports. Barclays decreased their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. UBS Group reduced their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. 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. Finally, Citigroup decreased their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

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.