Intuit Inc. $INTU Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 8.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,040 shares of the software maker’s stock after selling 5,830 shares during the quarter. Fifth Third Bancorp’s holdings in Intuit were worth $18,208,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of INTU. Fiduciary Financial Advisors bought a new stake in shares of Intuit in the second quarter worth about $25,000. Osbon Capital Management LLC acquired a new stake in shares of Intuit during the second quarter worth about $26,000. MidFirst Bank bought a new position in shares of Intuit during the 2nd quarter valued at about $28,000. James T. Borello RIA lifted its holdings in shares of Intuit by 350.0% during the 3rd quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock valued at $30,000 after purchasing an additional 84 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Intuit during the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In related news, CAO Lauren Hotz sold 907 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Dalzell sold 285 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% 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. 2.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

INTU has been the subject of several research analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Intuit in a research report on Monday, September 21st. JPMorgan Chase & Co. downgraded shares of Intuit from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $605.00 to $331.00 in a report on Wednesday, August 26th. Piper Sandler lifted their price target on shares of Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Wolfe Research cut shares of Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Finally, Citigroup lowered their price objective on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $431.68.

Key Stories Impacting Intuit

These are some of the INTU stories that stood out recently:

• Positive Sentiment: Analysts at Zacks say Intuit has factors that could support an earnings beat. The report is expected to show earnings of about $2.47 per share and revenue of roughly $4.3 billion, making the results and outlook a near-term catalyst. Intuit Expected to Beat Earnings Estimates
• Positive Sentiment: A valuation analysis argues INTU could be 39% undervalued based on earnings, potentially attracting investors looking for value. The article notes a recent short-term rebound, though it does not remove the importance of the upcoming results. Intuit Could Be 39% Undervalued
• Neutral Sentiment: Intuit is promoting the role of artificial intelligence in accounting and taxes. The coverage points to a longer-term opportunity for its products, but provides no specific financial impact or new forecast. Intuit Brings AI to Accounting and Taxes

Intuit Stock Up 0.4%

Shares of Intuit stock opened at $341.70 on Friday. The business’s 50 day simple moving average is $317.68 and its 200 day simple moving average is $351.93. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $682.27. The firm has a market cap of $91.32 billion, a PE ratio of 18.58, a P/E/G ratio of 1.12 and a beta of 0.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, analysts predict that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 8th. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is currently 33.45%.

About Intuit

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.