Intuit Inc. $INTU Stock: UNIVEST FINANCIAL Corp Reduces Stake

UNIVEST FINANCIAL Corp cut its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 40.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,511 shares of the software maker’s stock after selling 3,736 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Intuit were worth $1,519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fiduciary Financial Advisors acquired a new position in shares of Intuit in the 2nd quarter worth approximately $25,000. Osbon Capital Management LLC bought a new position in shares of Intuit during the 2nd quarter worth approximately $26,000. MidFirst Bank bought a new position in shares of Intuit during the 2nd quarter worth approximately $28,000. James T. Borello RIA boosted its holdings in shares of Intuit by 350.0% during the 3rd quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock worth $30,000 after buying an additional 84 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $33,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Down 0.7%

Shares of NASDAQ:INTU opened at $340.17 on Friday. The business’s 50 day simple moving average is $317.73 and its two-hundred day simple moving average is $352.95. The firm has a market cap of $90.91 billion, a P/E ratio of 20.62, a PEG ratio of 1.13 and a beta of 0.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $682.27.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS 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 company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, research analysts forecast that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 8th. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is 33.45%.

Recent Intuit Headlines

These are some of the INTU headlines that stood out recently:

• Positive Sentiment: Zacks says Intuit has factors that point to a possible earnings beat in its upcoming report, which could support the shares if results exceed expectations. The articles provide no specific forecast figures or guarantee a beat. Read article
• Neutral Sentiment: Intuit is drawing increased attention from Zacks.com users, but the report does not identify a specific business development behind the interest or establish a direct stock catalyst. Read article
• Neutral Sentiment: A separate report says Intuit’s marketing strategy is to raise the profile of its corporate brand alongside products such as TurboTax. This could matter over time, but no near-term financial impact was reported. Read article

Analyst Ratings Changes

Several analysts have recently weighed in on INTU shares. KeyCorp set a $400.00 price objective on shares of Intuit in a research note on Wednesday, August 26th. Mizuho reiterated an “outperform” rating and set a $430.00 target price on shares of Intuit in a research report on Friday, September 18th. Deutsche Bank cut their target price on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Jefferies Financial Group reduced their price target on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. Finally, Bank of America cut shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target for the company. in a report on Wednesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Hold” and an average price target of $431.68.

Insider Buying and Selling at Intuit

In related news, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer owned 1,628 shares of the company’s stock, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.49% of the company’s stock.

Intuit Company Profile

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.