Mattern Capital Management LLC Acquires 10,595 Shares of Intuit Inc. $INTU

Mattern Capital Management LLC increased its holdings in Intuit Inc. (NASDAQ:INTU) by 84.4% during the first quarter, HoldingsChannel reports. The fund owned 23,151 shares of the software maker’s stock after acquiring an additional 10,595 shares during the quarter. Intuit accounts for about 1.2% of Mattern Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Mattern Capital Management LLC’s holdings in Intuit were worth $10,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Joseph Group Capital Management bought a new stake in Intuit during the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. bought a new stake in Intuit during the third quarter worth $33,000. Birchwood Financial Partners Inc. bought a new stake in Intuit during the fourth quarter worth $33,000. Finally, Barnes Dennig Private Wealth Management LLC raised its position in Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group dropped their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. TD Cowen reduced their target price on shares of Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $275.00 target price (down from $375.00) on shares of Intuit in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Daiwa Securities Group cut their price target on shares of Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $498.40.

Intuit Trading Up 5.4%

NASDAQ:INTU opened at $289.76 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $79.26 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The firm’s 50 day moving average is $312.04 and its 200 day moving average is $415.61. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $8.54 billion. During the same quarter in the prior year, the business earned $11.65 earnings per share. Intuit’s revenue for the quarter 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. Sell-side analysts expect that Intuit Inc. will post 18.19 earnings per share for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is currently 29.07%.

Key Intuit News

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

Insider Buying and Selling at Intuit

In other news, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the purchase, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock valued at $348,354 in the last quarter. 2.49% of the stock is owned by corporate insiders.

About Intuit

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.