Intuit Inc. $INTU Shares Purchased by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,044 shares of the software maker’s stock after buying an additional 866 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Intuit were worth $8,699,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. increased its position in shares of Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after buying an additional 36,513 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Intuit during the 2nd quarter valued at about $1,733,000. Charles Schwab Investment Management Inc. raised its position in Intuit by 4.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock worth $1,130,718,000 after acquiring an additional 82,419 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Intuit by 1.1% in the second quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock valued at $32,947,000 after purchasing an additional 442 shares in the last quarter. Finally, Vident Advisory LLC grew its position in shares of Intuit by 22.1% in the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock valued at $28,821,000 after purchasing an additional 8,510 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on INTU. Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Rothschild & Co Redburn raised their target price on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Stifel Nicolaus cut their price target on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Oppenheimer increased their price target on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Intuit Trading Down 0.7%

INTU stock opened at $648.85 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company has a market cap of $180.90 billion, a price-to-earnings ratio of 47.22, a PEG ratio of 2.53 and a beta of 1.25. The business has a fifty day simple moving average of $668.65 and a 200-day simple moving average of $705.20. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the firm earned $1.99 earnings per share. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is presently 34.93%.

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.