Fifth Third Bancorp Acquires 74,262 Shares of Intuit Inc. $INTU

Fifth Third Bancorp grew its stake in shares of Intuit Inc. (NASDAQ:INTU) by 149.0% during the 1st quarter, HoldingsChannel reports. The fund owned 124,116 shares of the software maker’s stock after buying an additional 74,262 shares during the period. Fifth Third Bancorp’s holdings in Intuit were worth $53,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in INTU. Joseph Group Capital Management purchased a new position in shares of Intuit in the fourth quarter valued at $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit during the 4th quarter worth about $25,000. HHM Wealth Advisors LLC boosted its stake in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares during the period. Whipplewood Advisors LLC purchased a new position in Intuit during the 1st quarter valued at about $30,000. Finally, CrossGen Wealth LLC purchased a new position in Intuit during the 1st quarter valued at about $32,000. 83.66% of the stock is owned by institutional investors.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is stepping up capital returns, with surging cash flow supporting bigger buybacks, an $8 billion repurchase program, and continued AI investment—signals that can help support long-term earnings growth and shareholder value. Intuit Steps Up Capital Returns: Can Growth Follow Through?
• Positive Sentiment: Several commentary pieces argued Intuit looks undervalued or that bearish views may have been too pessimistic, which could attract value-oriented buyers if sentiment keeps improving. Is Intuit (INTU) Still Undervalued After A 64% Drop?
• Positive Sentiment: Intuit was added to multiple Russell value indexes, reinforcing the market’s view that the stock now screens more like a value name than a pure growth story. Intuit (INTU) Joins Value Indexes, Is The Stock Now Cheap?
• Neutral Sentiment: Short-interest data showed no meaningful short position as of July 10, so this update does not appear to be a major trading catalyst.
• Negative Sentiment: Some recent coverage noted a rotation out of tech stocks and broader weakness in high-multiple names, which has weighed on INTU alongside the sector. Selling Winners, Buying Losers: Tech Stocks Drop as Energy Jumps to Start H2
• Negative Sentiment: Analyst downgrades from Stifel and Goldman added pressure, reminding investors that some on Wall Street still see valuation and growth risks. Stifel and Goldman Cut Intuit (INTU) Ratings

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu acquired 500 shares of the 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 transaction, the director owned 1,750 shares in the company, valued at $541,992.50. This represents a 40.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is currently owned by company insiders.

Intuit Price Performance

Shares of NASDAQ INTU opened at $274.96 on Monday. The stock’s 50-day simple moving average is $314.01 and its two-hundred day simple moving average is $418.31. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $813.70. The firm has a market capitalization of $75.21 billion, a P/E ratio of 16.65, 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.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter last year, the company posted $11.65 EPS. The company’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. As a group, equities analysts anticipate that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Wall Street Analysts Forecast Growth

INTU has been the topic of several analyst reports. BNP Paribas Exane decreased their price target on Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Guggenheim set a $633.00 price objective on shares of Intuit in a research report on Monday, March 16th. Oppenheimer reduced their price objective 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. Evercore decreased their target price on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Finally, Wells Fargo & Company lowered their target price on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Twenty-two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $498.40.

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.