Intuit Inc. $INTU Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 8.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund 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 hedge funds also recently modified their holdings of INTU. Fiduciary Financial Advisors acquired a new position in Intuit in the 2nd quarter valued at about $25,000. Osbon Capital Management LLC bought a new position in Intuit in the 2nd quarter valued at about $26,000. MidFirst Bank bought a new position in Intuit in the 2nd quarter valued at about $28,000. James T. Borello RIA lifted its position in Intuit by 350.0% during the third quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock worth $30,000 after acquiring an additional 84 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Intuit during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 285 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the firm’s 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 completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.49% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $341.70 on Friday. The firm has a 50-day moving average price of $317.68 and a two-hundred day moving average price of $351.93. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $682.27. The company has a market capitalization of $91.32 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.12 and a beta of 0.91. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

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

Intuit Increases Dividend

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

Analyst Upgrades and Downgrades

INTU has been the topic of several research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $300.00 target price on shares of Intuit in a research report on Friday, September 18th. Morgan Stanley dropped their price target on Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a report on Wednesday, August 26th. Deutsche Bank reduced their price target on Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Weiss Ratings upgraded Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Finally, KeyCorp set a $400.00 price objective on Intuit in a report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intuit has an average rating of “Hold” and an average target price of $431.68.

Intuit News Roundup

Here’s some of the latest news about INTU:

• 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
• 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
• Negative Sentiment: The valuation article also highlights that Intuit’s one-year total shareholder return is down 47.9%, a reminder that longer-term performance remains weak and that earnings may need to confirm the recent momentum. Intuit Could Be 39% Undervalued

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.