Diversified Trust Co Grows Position in Intuit Inc. $INTU

Diversified Trust Co boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 35.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,321 shares of the software maker’s stock after buying an additional 3,253 shares during the period. Diversified Trust Co’s holdings in Intuit were worth $5,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Joseph Group Capital Management purchased a new stake in Intuit in the 4th quarter valued at $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Intuit during the 4th quarter worth $25,000. Pin Oak Investment Advisors Inc. purchased a new position in Intuit during the 3rd quarter worth $33,000. Birchwood Financial Partners Inc. acquired a new position in Intuit in the fourth quarter valued at $33,000. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s latest quarterly results were solid, with EPS and revenue both beating estimates and revenue rising 10.4% year over year, while Credit Karma continued to show traction with 15% revenue growth. Credit Karma Gains Traction: Can It Continue Boosting Intuit’s Growth?
• Positive Sentiment: Some commentary remains constructive on Intuit’s AI strategy, with the company pushing automation across tax, accounting, and marketing tools and repositioning itself around AI-driven products. Intuit (INTU) Cuts 17% Of Jobs As It Pushes Harder Into AI
• Neutral Sentiment: Intuit raised about $1.74 billion through senior notes, which adds financial flexibility but also increases leverage slightly. Is Intuit (INTU) One of the Best Generative AI Software Stocks to Buy?
• Negative Sentiment: Stifel downgraded Intuit to Hold from Buy and cut its price target sharply to $275 from $375, citing growth concerns and the risk that guidance could come down as pricing changes take effect. Stifel downgrades Intuit to Hold on growth concerns, cuts target price
• Negative Sentiment: Several reports say the stock has been hit by AI fears and a steep post-earnings selloff, with investors questioning whether growth can reaccelerate soon. Intuit (INTU) Down 13.1% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Intuit also faces legal overhang after law firms announced investigations into possible securities fraud tied to pricing issues and the stock’s sharp decline. Investor Rights Alert: Intuit (INTU) is being Investigated by BFA Law for Securities Fraud after Pricing Issues Cause 20% Stock Drop

Analyst Ratings Changes

Several brokerages have recently weighed in on INTU. Oppenheimer decreased their target price on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. HSBC dropped their price target on Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Citigroup decreased their price objective on Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Argus lowered their target price on Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Finally, Guggenheim set a $633.00 target price on Intuit in a report on Monday, March 16th. Twenty-three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $511.35.

Intuit Stock Performance

NASDAQ INTU opened at $267.00 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $73.04 billion, a P/E ratio of 16.17, a P/E/G ratio of 0.98 and a beta of 0.98. Intuit Inc. has a 52-week low of $259.23 and a 52-week high of $813.70. The firm has a 50-day moving average price of $349.67 and a 200 day moving average price of $461.22.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts expect that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders 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 annualized dividend and a yield of 1.8%. Intuit’s dividend payout ratio is presently 29.07%.

Insiders Place Their Bets

In related news, Director Vasant M. Prabhu purchased 500 shares of the business’s stock in a transaction dated 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 acquisition, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. This trade represents a 40.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $282.20, for a total transaction of $80,144.80. Following the completion of the sale, the director owned 12,042 shares of the company’s stock, valued at $3,398,252.40. This trade represents a 2.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 955 shares of company stock valued at $273,855. 2.49% of the stock is owned by corporate insiders.

Intuit 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.