Intuit Inc. $INTU Stock Position Boosted by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC raised its stake in shares of Intuit Inc. (NASDAQ:INTU) by 491.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 15,495 shares of the software maker’s stock after buying an additional 12,876 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Intuit were worth $6,700,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in INTU. Joseph Group Capital Management bought a new position in shares of Intuit in the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit during the fourth quarter worth approximately $25,000. HHM Wealth Advisors LLC raised its holdings in Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Intuit in the first quarter worth approximately $30,000. Finally, CrossGen Wealth LLC acquired a new stake in Intuit in the first quarter worth approximately $32,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were purchased 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 1,239 shares of company stock worth $348,354. Corporate insiders own 2.49% of the company’s stock.

Intuit Stock Performance

INTU opened at $289.76 on Tuesday. The firm has a market cap of $79.26 billion, a PE ratio of 17.55, a P/E/G ratio of 1.01 and a beta of 1.00. 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 business has a fifty day simple moving average of $312.04 and a 200-day simple moving average of $415.61. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the previous year, the firm posted $11.65 EPS. The company’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. As a group, equities analysts predict that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INTU. Rothschild & Co Redburn lowered their price target on Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. KeyCorp decreased their target price on Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Barclays lowered their target price on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Jefferies Financial Group cut their price target on shares of Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Daiwa Securities Group reduced their price objective on shares of Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Twenty-two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $498.40.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors are rotating back into Intuit after the stock’s earlier decline, viewing it as oversold relative to its continued earnings strength and updated guidance. Intuit Gains as Investors Reassess Its Post-Earnings Selloff
• Positive Sentiment: The company’s previously announced $8 billion share repurchase authorization is helping support sentiment by signaling management confidence and potential shareholder returns. Intuit Gains as Investors Reassess Its Post-Earnings Selloff
• Neutral Sentiment: Multiple law firms announced a securities class action and related investigations tied to Intuit’s weak tax-season revenue disclosure and prior stock drop, which adds legal overhang but does not appear to be the main driver of trading today. INTU INVESTOR ALERT: Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead the Intuit Class Action Lawsuit
• Neutral Sentiment: Additional class-action notices and securities-fraud investigations are being circulated, reinforcing the litigation backdrop around INTU. Securities Fraud Investigation Into Intuit Inc. (INTU) Announced
• Neutral Sentiment: Brokerage/news coverage also highlighted that Intuit was among the names “soaring,” but the article did not point to a fresh company-specific catalyst beyond the broader rebound. 8×8, Intuit, and Atlassian shares are soaring, what you need to know

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.