Keybank National Association OH Decreases Stock Position in Intuit Inc. $INTU

Keybank National Association OH decreased its position in shares of Intuit Inc. (NASDAQ:INTUFree Report) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,237 shares of the software maker’s stock after selling 1,251 shares during the period. Keybank National Association OH’s holdings in Intuit were worth $50,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit during the 1st quarter valued at approximately $785,564,000. Sivia Capital Partners LLC raised its stake in shares of Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after purchasing an additional 166 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its stake in Intuit by 20.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock valued at $751,000 after buying an additional 163 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 388,464 shares of company stock valued at $255,514,393. Company insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on INTU. Wolfe Research lowered their target price on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Truist Financial started coverage on shares of Intuit in a research report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price objective for the company. UBS Group set a $739.00 price objective on shares of Intuit in a research note on Tuesday, January 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Intuit in a report on Wednesday. Finally, BMO Capital Markets lowered their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $791.73.

Get Our Latest Analysis on INTU

Key Intuit News

Here are the key news stories impacting Intuit this week:

Intuit Price Performance

Shares of INTU opened at $498.92 on Friday. Intuit Inc. has a one year low of $491.72 and a one year high of $813.70. The stock’s fifty day moving average is $625.24 and its 200-day moving average is $668.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $138.83 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.25.

Intuit (NASDAQ:INTUGet Free Report) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. Intuit’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio is 32.81%.

About Intuit

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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