Glenview Trust Co Makes New $6.91 Million Investment in Intuit Inc. $INTU

Glenview Trust Co bought a new position in Intuit Inc. (NASDAQ:INTU) in the second quarter, Holdings Channel.com reports. The firm bought 26,484 shares of the software maker’s stock, valued at approximately $6,912,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after buying an additional 1,350 shares during the period. Revolve Wealth Partners LLC boosted its stake in Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares during the period. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit in the 1st quarter valued at approximately $785,564,000. Sivia Capital Partners LLC lifted its holdings 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 worth $698,000 after acquiring an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC boosted its position in shares of Intuit by 12.2% during the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Up 0.6%

INTU stock opened at $348.00 on Friday. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The company’s 50 day moving average price is $305.53 and its 200 day moving average price is $356.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. The firm has a market capitalization of $95.19 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.08 and a beta of 0.97.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the firm posted $2.75 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities research analysts anticipate that Intuit Inc. will post 21.06 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, October 8th. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is presently 33.45%.

Analyst Upgrades and Downgrades

INTU has been the subject of several research analyst reports. Argus lowered their price target on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Weiss Ratings lowered Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Jefferies Financial Group lowered their target price on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday. Bank of America downgraded Intuit from a “buy” rating to a “neutral” rating and set a $360.00 target price for the company. in a research report on Wednesday. Finally, Citigroup cut their price target on shares of Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $434.68.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit exceeded fiscal Q4 expectations, reporting adjusted EPS of $4.03 versus the $3.58 consensus and revenue of $4.35 billion versus $4.27 billion. Revenue increased 13.7% year over year, providing evidence that the core business remains profitable and resilient. Intuit Q4 Revenues Rise
• Positive Sentiment: The board raised Intuit’s quarterly dividend 15% to $1.38 per share, signaling confidence in cash generation and returning more capital to shareholders.
• Positive Sentiment: Management highlighted adoption of its AI products, saying 75% of enterprise customers use Intuit AI agents monthly. Bulls view the expanding AI platform and planned customer-acquisition investments as potential long-term growth drivers. Intuit AI Agent Adoption
• Neutral Sentiment: Intuit is pursuing a strategic “reset to reaccelerate” customer growth, including broader QuickBooks access and changes to TurboTax pricing. The plan could strengthen market share over time, but it is expected to pressure near-term revenue and margins. Intuit Expects Revenue Deceleration
• Neutral Sentiment: Analysts remain divided: TD Cowen maintained a Hold with a $346 target, while Oppenheimer retained Outperform at $380. This reflects uncertainty over whether the investment cycle will produce renewed growth.
• Negative Sentiment: Fiscal 2027 revenue guidance of approximately $23.28 billion to $23.51 billion, representing 9%–10% growth, fell below Wall Street expectations and marked a slowdown from recent growth rates. Concerns about TurboTax pricing pressure, customer losses and possible AI disruption overshadowed the Q4 beat. Intuit Fiscal 2027 Guidance
• Negative Sentiment: JPMorgan and Wolfe Research downgraded the stock, citing weaker growth prospects, while multiple firms cut price targets. In addition, several law firms publicized a securities class action alleging misleading statements about TurboTax growth and competitive pressures, with a September 8 lead-plaintiff deadline. Intuit Securities Class Action

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by corporate insiders.

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.