Fifth Third Bancorp Increases Stock Position in Intuit Inc. $INTU

Fifth Third Bancorp boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 3.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,854 shares of the software maker’s stock after acquiring an additional 1,733 shares during the quarter. Fifth Third Bancorp’s holdings in Intuit were worth $33,024,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Intuit by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after buying an additional 296,448 shares during the period. State Street Corp boosted its stake in Intuit by 1.2% during the third quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock worth $8,797,779,000 after buying an additional 158,456 shares during the period. Invesco Ltd. boosted its stake in Intuit by 7.8% during the third quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock worth $2,565,810,000 after buying an additional 271,407 shares during the period. Northern Trust Corp boosted its stake in Intuit by 4.8% during the third quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker’s stock worth $2,356,040,000 after buying an additional 158,843 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Intuit by 183.8% during the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after buying an additional 1,295,199 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% 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. 2.49% of the stock is owned by corporate insiders.

Intuit Trading Up 2.7%

NASDAQ INTU opened at $399.00 on Friday. The firm has a 50 day simple moving average of $414.84 and a 200-day simple moving average of $539.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. Intuit Inc. has a one year low of $342.11 and a one year high of $813.70. The firm has a market cap of $110.34 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.56 and a beta of 1.04.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts anticipate that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were paid a $1.20 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. Intuit’s payout ratio is currently 31.09%.

Analyst Ratings Changes

INTU has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Intuit in a research note on Sunday, April 19th. Scotiabank set a $575.00 price objective on shares of Intuit in a research note on Friday, March 6th. Royal Bank Of Canada lowered their price objective on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Northcoast Research raised shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective for the company in a research note on Friday, March 6th. Finally, Barclays reissued an “overweight” rating and issued a $540.00 price objective on shares of Intuit in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $636.10.

Intuit Company 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.