TIAA Trust National Association Has $23.82 Million Stock Position in Intuit Inc. $INTU

TIAA Trust National Association increased its position in Intuit Inc. (NASDAQ:INTU) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,956 shares of the software maker’s stock after purchasing an additional 3,638 shares during the quarter. TIAA Trust National Association’s holdings in Intuit were worth $23,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in shares of Intuit during the 4th quarter worth about $25,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit during the 3rd quarter worth about $33,000. Barnes Dennig Private Wealth Management LLC grew its position in shares of Intuit by 54.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after buying an additional 19 shares during the period. Steph & Co. grew its position in shares of Intuit by 346.2% during the 4th quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after buying an additional 45 shares during the period. Finally, High Point Wealth Management LLC acquired a new position in shares of Intuit during the 4th quarter worth about $43,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director owned 13,253 shares in the company, valued at $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Vasant M. Prabhu acquired 500 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the purchase, the director owned 1,750 shares in the company, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.49% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Multiple law firms, including Bleichmar Fonti & Auld, Pomerantz, and Kahn Swick & Foti, announced investigations into possible securities fraud tied to Intuit’s pricing disclosures and the recent stock decline. Article Title
• Negative Sentiment: A PRNewswire report said the investigations were triggered by a roughly 20% stock drop, reinforcing fears that the market believes Intuit’s pricing execution and/or disclosures may have disappointed investors. Article Title
• Neutral Sentiment: Intuit also presented at recent investor conferences, but those transcripts did not appear to provide a clear near-term catalyst to offset the legal and pricing concerns.
• Neutral Sentiment: Recent commentary noted mixed signals from the stock: some outlets highlighted valuation and growth appeal, while others emphasized that INTU has been one of the weakest performers in the Nasdaq 100 this year.
• Neutral Sentiment: Quiver data pointed to strong revenue growth and buyback/dividend support, but also showed heavy insider selling and mixed institutional positioning, which may be adding to investor caution.

Intuit Trading Down 3.8%

NASDAQ INTU opened at $293.78 on Wednesday. The stock has a market capitalization of $80.36 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.12 and a beta of 0.98. The stock’s 50 day moving average price is $372.58 and its two-hundred day moving average price is $480.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a 52 week low of $291.18 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last released its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. As a group, analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Intuit’s dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Oppenheimer decreased their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Jefferies Financial Group decreased their target price on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Daiwa Securities Group decreased their target price on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, Susquehanna decreased their target price on Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research report on Friday, May 22nd. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $514.58.

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.