Diversified Trust Co Boosts Position in Intuit Inc. $INTU

Diversified Trust Co boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 35.9% during the first quarter, Holdings Channel reports. The firm owned 12,321 shares of the software maker’s stock after buying an additional 3,253 shares during the quarter. Diversified Trust Co’s holdings in Intuit were worth $5,327,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of INTU. Aventus Investment Advisors Inc. acquired a new stake in Intuit in the 1st quarter valued at about $272,000. Brady Martz Wealth Solutions LLC increased its holdings in Intuit by 53.8% during the 1st quarter. Brady Martz Wealth Solutions LLC now owns 1,672 shares of the software maker’s stock valued at $723,000 after acquiring an additional 585 shares in the last quarter. Cornerstone Planning LLC acquired a new position in Intuit during the fourth quarter worth about $310,000. Rockefeller Capital Management L.P. raised its position in Intuit by 8.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 41,613 shares of the software maker’s stock worth $27,566,000 after acquiring an additional 3,219 shares during the last quarter. Finally, Osbon Capital Management LLC purchased a new stake in shares of Intuit in the fourth quarter valued at about $67,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s latest quarterly results were solid, with EPS and revenue both beating estimates and revenue rising 10.4% year over year, while Credit Karma continued to show traction with 15% revenue growth. Credit Karma Gains Traction: Can It Continue Boosting Intuit’s Growth?
• Positive Sentiment: Some commentary remains constructive on Intuit’s AI strategy, with the company pushing automation across tax, accounting, and marketing tools and repositioning itself around AI-driven products. Intuit (INTU) Cuts 17% Of Jobs As It Pushes Harder Into AI
• Neutral Sentiment: Intuit raised about $1.74 billion through senior notes, which adds financial flexibility but also increases leverage slightly. Is Intuit (INTU) One of the Best Generative AI Software Stocks to Buy?
• Negative Sentiment: Stifel downgraded Intuit to Hold from Buy and cut its price target sharply to $275 from $375, citing growth concerns and the risk that guidance could come down as pricing changes take effect. Stifel downgrades Intuit to Hold on growth concerns, cuts target price
• Negative Sentiment: Several reports say the stock has been hit by AI fears and a steep post-earnings selloff, with investors questioning whether growth can reaccelerate soon. Intuit (INTU) Down 13.1% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Intuit also faces legal overhang after law firms announced investigations into possible securities fraud tied to pricing issues and the stock’s sharp decline. Investor Rights Alert: Intuit (INTU) is being Investigated by BFA Law for Securities Fraud after Pricing Issues Cause 20% Stock Drop

Intuit Price Performance

Intuit stock opened at $267.00 on Friday. Intuit Inc. has a 12-month low of $259.23 and a 12-month high of $813.70. The stock has a market capitalization of $73.04 billion, a P/E ratio of 16.17, a P/E/G ratio of 0.98 and a beta of 0.98. The firm’s 50-day moving average is $349.67 and its two-hundred day moving average is $461.22. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.

Insider Activity at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 500 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. The trade was a 40.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard L. Dalzell sold 284 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $282.20, for a total value of $80,144.80. Following the transaction, the director directly owned 12,042 shares in the company, valued at approximately $3,398,252.40. This represents a 2.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 955 shares of company stock valued at $273,855 over the last ninety days. 2.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

INTU has been the topic of several research reports. KeyCorp lowered their price target on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Barclays cut their price objective on Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. BMO Capital Markets reduced their target price on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Wolfe Research reiterated an “outperform” rating and set a $400.00 target price on shares of Intuit in a report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $511.35.

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.