Intuit Inc. $INTU Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in Intuit Inc. (NASDAQ:INTU) by 20.3% during the 4th quarter, HoldingsChannel reports. The firm owned 2,791,212 shares of the software maker’s stock after buying an additional 471,451 shares during the quarter. Bank of New York Mellon Corp’s holdings in Intuit were worth $1,848,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in INTU. Vanguard Group Inc. grew its position in 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 buying an additional 296,448 shares during the period. State Street Corp raised its position in shares of Intuit by 1.2% in the third quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock worth $8,797,779,000 after acquiring an additional 158,456 shares during the period. Geode Capital Management LLC raised its position in shares of Intuit by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after acquiring an additional 87,451 shares during the period. Norges Bank purchased a new stake in shares of Intuit during the 4th quarter worth about $3,058,407,000. Finally, Invesco Ltd. grew its position in shares of Intuit by 7.8% during the 3rd quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock valued at $2,565,810,000 after acquiring an additional 271,407 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Goldman Sachs downgraded Intuit to Sell, citing concerns that pricing issues and competition could pressure TurboTax growth and margins. Intuit Stock Slides After Goldman Downgrades To Sell
• Negative Sentiment: Several legal headlines added to the pressure, with law firms launching securities-fraud investigations after the stock’s recent drop on pricing concerns. INTU Stock Drop: Intuit Investigated for Securities Fraud after Stock Plummets 20% on Pricing Issues
• Negative Sentiment: Forbes highlighted that Intuit has become one of the S&P 500’s worst performers this year, reflecting investor concern over how much value the company has lost in the past year. Intuit Becomes S&P 500’s Worst Performer This Year: Here’s Why
• Negative Sentiment: Another report noted that an investor could be viewing Intuit as “a falling knife,” underscoring weakening sentiment after the recent plunge. Why Is Intuit Stock Crashing, and is it a Generational Buying Opportunity?
• Neutral Sentiment: Some commentary still points to long-term strengths, including AI initiatives in Mailchimp and arguments that Intuit may be undervalued, but these positives are being overshadowed by the near-term downgrade and legal headlines. Mailchimp’s AI Bet: Can Intuit Unlock the Next Growth Lever?

Intuit Stock Performance

Shares of Intuit stock opened at $322.14 on Wednesday. The business’s 50 day moving average price is $388.38 and its 200 day moving average price is $495.29. The company has a market cap of $88.12 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.34 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a one year low of $300.50 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter last year, the firm earned $11.65 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. 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, research analysts predict that Intuit Inc. will post 17.6 EPS for the current year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director owned 1,250 shares in the company, valued at $386,812.50. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America began coverage on Intuit in a report on Wednesday, May 27th. They issued a “buy” rating and a $400.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Mizuho dropped their price target 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. Evercore cut their price target on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, Citigroup reduced their price objective on shares of Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Twenty-four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $514.58.

About Intuit

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.