UNIVEST FINANCIAL Corp Sells 3,736 Shares of Intuit Inc. $INTU

UNIVEST FINANCIAL Corp trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 40.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,511 shares of the software maker’s stock after selling 3,736 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Intuit were worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Fiduciary Financial Advisors bought a new position in Intuit during the 2nd quarter worth $25,000. Osbon Capital Management LLC acquired a new position in Intuit in the 2nd quarter valued at $26,000. MidFirst Bank acquired a new position in Intuit in the 2nd quarter valued at $28,000. James T. Borello RIA lifted its position 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 acquiring an additional 84 shares during the period. Finally, Pension & Wealth Management Advisors Inc. lifted its position in shares of Intuit by 900.0% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 120 shares of the software maker’s stock valued at $33,000 after acquiring an additional 108 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on INTU shares. Deutsche Bank reduced their target price on Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Truist Financial reaffirmed a “hold” rating and issued a $300.00 price target on shares of Intuit in a research note on Friday, September 18th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Intuit in a research note on Monday, September 21st. Evercore reaffirmed an “outperform” rating on shares of Intuit in a research report on Friday, September 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $385.00 price objective on shares of Intuit in a research note on Friday, October 2nd. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $431.68.

Intuit Stock Down 0.7%

Shares of INTU opened at $340.17 on Friday. The firm has a 50 day simple moving average of $317.73 and a two-hundred day simple moving average of $352.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. Intuit Inc. has a one year low of $252.84 and a one year high of $682.27. The company has a market cap of $90.91 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.13 and a beta of 0.91.

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

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were given a $1.38 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is presently 33.45%.

Key Headlines Impacting Intuit

Investors following INTU have been watching these headlines:

• Positive Sentiment: Zacks says Intuit has factors that point to a possible earnings beat in its upcoming report, which could support the shares if results exceed expectations. The articles provide no specific forecast figures or guarantee a beat. Read article
• Neutral Sentiment: Intuit is drawing increased attention from Zacks.com users, but the report does not identify a specific business development behind the interest or establish a direct stock catalyst. Read article
• Neutral Sentiment: A separate report says Intuit’s marketing strategy is to raise the profile of its corporate brand alongside products such as TurboTax. This could matter over time, but no near-term financial impact was reported. Read article

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 285 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.49% of the company’s stock.

Intuit Profile

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.