Truist Financial Corp Increases Stake in Intuit Inc. $INTU

Truist Financial Corp increased its holdings in Intuit Inc. (NASDAQ:INTU) by 1.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,539 shares of the software maker’s stock after purchasing an additional 1,074 shares during the period. Truist Financial Corp’s holdings in Intuit were worth $72,099,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after purchasing an additional 47 shares in the last quarter. TD Capital Management LLC boosted its position in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after buying an additional 46 shares during the period. Olde Wealth Management LLC purchased a new stake in Intuit during the 1st quarter valued at $37,000. Activest Wealth Management boosted its position in Intuit by 3,050.0% during the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker’s stock valued at $39,000 after buying an additional 61 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in Intuit during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 0.5%

NASDAQ:INTU opened at $679.50 on Thursday. The company has a 50-day moving average price of $705.06 and a 200-day moving average price of $690.39. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a market cap of $189.44 billion, a price-to-earnings ratio of 49.45, a P/E/G ratio of 2.64 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is 30.28%.

Wall Street Analysts Forecast Growth

INTU has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. Barclays dropped their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Bank of America dropped their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. BMO Capital Markets increased their price target on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $791.82.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 529 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the transaction, the chief financial officer owned 831 shares of the company’s stock, valued at approximately $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,785 shares of company stock valued at $2,029,299 in the last quarter. 2.68% of the stock is owned by insiders.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.