UNIVEST FINANCIAL Corp Purchases 2,707 Shares of Intuit Inc. $INTU

UNIVEST FINANCIAL Corp boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 82.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,975 shares of the software maker’s stock after buying an additional 2,707 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Intuit were worth $2,583,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Intuit by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock valued at $19,156,152,000 after acquiring an additional 296,448 shares during the last quarter. State Street Corp grew its stake in shares of Intuit by 1.4% in the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after purchasing an additional 180,069 shares during the last quarter. Geode Capital Management LLC increased its holdings in Intuit by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock valued at $4,369,488,000 after purchasing an additional 87,451 shares during the period. Morgan Stanley raised its position in Intuit by 1.2% during the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock worth $3,378,912,000 after purchasing an additional 60,910 shares during the last quarter. Finally, Norges Bank acquired a new position in Intuit during the 4th quarter worth about $3,058,407,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares of the company’s stock, valued at $3,449,554.36. The trade was a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 1,250 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the transaction, the director directly owned 1,250 shares in the company, valued at $386,812.50. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by insiders.

Key Stories Impacting Intuit

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

Intuit Trading Up 0.6%

NASDAQ INTU traded up $1.58 during trading hours on Friday, hitting $274.96. 2,574,474 shares of the company’s stock were exchanged, compared to its average volume of 5,075,357. The firm has a market cap of $75.21 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.01 and a beta of 1.00. The stock has a 50-day simple moving average of $314.01 and a 200 day simple moving average of $420.11. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $813.70.

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 the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities analysts forecast that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore decreased their price target on Intuit from $540.00 to $400.00 and set an “outperform” 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. HSBC decreased their target price on shares of Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Wolfe Research restated an “outperform” rating and set a $400.00 price target on shares of Intuit in a report on Thursday, May 21st. Finally, Mizuho reduced their price objective on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 26th. Twenty-two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.