Truist Financial Corp Has $63.65 Million Stock Holdings in Intuit Inc. $INTU

Truist Financial Corp grew its stake in Intuit Inc. (NASDAQ:INTU) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,206 shares of the software maker’s stock after acquiring an additional 1,667 shares during the period. Truist Financial Corp’s holdings in Intuit were worth $63,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Intuit during the 2nd quarter worth approximately $3,268,830,000. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the first quarter worth $785,564,000. Winslow Capital Management LLC acquired a new position in Intuit during the second quarter worth $782,677,000. Swedbank AB raised its position in Intuit by 575.4% during the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock worth $602,023,000 after acquiring an additional 751,027 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Intuit by 520.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 558,499 shares of the software maker’s stock valued at $381,405,000 after acquiring an additional 468,547 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on INTU shares. Wells Fargo & Company restated an “equal weight” rating and set a $700.00 price objective (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. KeyCorp cut their target price on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Evercore ISI reissued an “outperform” rating and set a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. The Goldman Sachs Group assumed coverage on Intuit in a research report on Monday, January 12th. They issued a “neutral” rating and a $720.00 price objective for the company. Finally, BMO Capital Markets reduced their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $791.73.

Insider Buying and Selling at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by insiders.

Intuit Trading Down 1.2%

Shares of INTU stock opened at $538.70 on Thursday. Intuit Inc. has a 12-month low of $520.69 and a 12-month high of $813.70. The company has a market capitalization of $149.90 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. The firm has a 50 day moving average price of $631.22 and a two-hundred day moving average price of $671.47. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s payout ratio is presently 32.81%.

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.