Grove Bank & Trust Has $1.61 Million Position in Intuit Inc. $INTU

Grove Bank & Trust raised its stake in Intuit Inc. (NASDAQ:INTU) by 137.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,363 shares of the software maker’s stock after acquiring an additional 1,369 shares during the period. Grove Bank & Trust’s holdings in Intuit were worth $1,614,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of INTU. Tortoise Investment Management LLC raised its stake in Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares during the period. Dogwood Wealth Management LLC lifted its holdings in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares during the period. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC increased its stake in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of INTU stock opened at $654.60 on Tuesday. The firm has a market capitalization of $182.16 billion, a price-to-earnings ratio of 44.74, a PEG ratio of 2.75 and a beta of 1.27. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $656.63 and its 200-day moving average price is $703.85. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70.

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

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s payout ratio is currently 32.81%.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on 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 transaction, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 269,799 shares of company stock worth $176,627,160 over the last three months. Company insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on INTU shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 target price on shares of Intuit in a report on Friday, November 21st. Bank of America reduced their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $798.20.

Intuit Profile

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.