Citizens Financial Group Inc. RI Trims Stock Position in Intuit Inc. $INTU

Citizens Financial Group Inc. RI lessened its stake in Intuit Inc. (NASDAQ:INTU) by 22.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,889 shares of the software maker’s stock after selling 3,941 shares during the period. Citizens Financial Group Inc. RI’s holdings in Intuit were worth $6,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of INTU. Joseph Group Capital Management purchased a new position in Intuit during the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit in the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC boosted its position in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Intuit during the 1st quarter worth approximately $30,000. Finally, CrossGen Wealth LLC acquired a new stake in shares of Intuit during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is stepping up capital returns, with surging cash flow supporting bigger buybacks, an $8 billion repurchase program, and continued AI investment—signals that can help support long-term earnings growth and shareholder value. Intuit Steps Up Capital Returns: Can Growth Follow Through?
• Positive Sentiment: Several commentary pieces argued Intuit looks undervalued or that bearish views may have been too pessimistic, which could attract value-oriented buyers if sentiment keeps improving. Is Intuit (INTU) Still Undervalued After A 64% Drop?
• Positive Sentiment: Intuit was added to multiple Russell value indexes, reinforcing the market’s view that the stock now screens more like a value name than a pure growth story. Intuit (INTU) Joins Value Indexes, Is The Stock Now Cheap?
• Neutral Sentiment: Short-interest data showed no meaningful short position as of July 10, so this update does not appear to be a major trading catalyst.
• Negative Sentiment: Some recent coverage noted a rotation out of tech stocks and broader weakness in high-multiple names, which has weighed on INTU alongside the sector. Selling Winners, Buying Losers: Tech Stocks Drop as Energy Jumps to Start H2
• Negative Sentiment: Analyst downgrades from Stifel and Goldman added pressure, reminding investors that some on Wall Street still see valuation and growth risks. Stifel and Goldman Cut Intuit (INTU) Ratings

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 1,250 shares of Intuit stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the acquisition, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 1,239 shares of company stock worth $348,354 over the last ninety days. 2.49% of the stock is currently owned by corporate insiders.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $274.96 on Monday. The business’s 50 day moving average price is $314.01 and its 200-day moving average price is $418.31. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $813.70. The firm has a market capitalization of $75.21 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. 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 posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities research analysts forecast that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Analysts Set New Price Targets

INTU has been the subject of several analyst reports. HSBC decreased their target price on shares of Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Daiwa Securities Group dropped their price target on shares of Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Jefferies Financial Group decreased their price objective on shares of Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $275.00 target price (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Twenty-two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $498.40.

Intuit Profile

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.