BankPlus Trust Department Has $2.07 Million Stock Holdings in Intuit Inc. $INTU

BankPlus Trust Department raised its stake in Intuit Inc. (NASDAQ:INTU) by 11.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,627 shares of the software maker’s stock after buying an additional 270 shares during the quarter. BankPlus Trust Department’s holdings in Intuit were worth $2,069,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock worth $16,780,536,000 after buying an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after buying an additional 649,212 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after buying an additional 358,328 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Intuit by 7.9% during the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock worth $2,114,950,000 after buying an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after buying an additional 36,513 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, the director owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,740 shares of company stock worth $1,870,800 in the last 90 days. Corporate insiders own 2.68% of the company’s stock.

Intuit Trading Down 1.8%

NASDAQ INTU opened at $657.99 on Wednesday. The business’s 50-day moving average price is $695.41 and its two-hundred day moving average price is $692.97. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The firm has a market capitalization of $183.45 billion, a PE ratio of 47.89, a price-to-earnings-growth ratio of 2.59 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS 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 analyst estimates of $3.75 billion. During the same quarter in the previous year, the company posted $1.99 EPS. The business’s revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is currently 30.28%.

Analysts Set New Price Targets

INTU has been the subject of a number of research analyst reports. Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a report on Saturday, September 27th. Morgan Stanley lowered their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. JPMorgan Chase & Co. lowered their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Finally, Citigroup lowered their target price on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

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.