Intuit Inc. $INTU Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in Intuit Inc. (NASDAQ:INTU) by 29.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,264 shares of the software maker’s stock after purchasing an additional 34,329 shares during the period. PNC Financial Services Group Inc.’s holdings in Intuit were worth $119,928,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Invesco Ltd. increased its holdings in shares of Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after purchasing an additional 36,513 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Intuit in the 2nd quarter valued at $1,733,000. denkapparat Operations GmbH acquired a new position in Intuit during the 2nd quarter worth about $830,000. Charles Schwab Investment Management Inc. grew its position in Intuit by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock valued at $1,130,718,000 after acquiring an additional 82,419 shares in the last quarter. Finally, New York Life Investment Management LLC grew its position in Intuit by 1.1% in the 2nd quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock valued at $32,947,000 after acquiring an additional 442 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,407 shares of company stock worth $1,614,913 over the last three months. 2.68% of the stock is currently owned by corporate insiders.

Intuit Stock Performance

Shares of INTU stock opened at $659.30 on Thursday. The stock’s 50-day moving average price is $668.04 and its 200 day moving average price is $706.12. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $183.82 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the business posted $1.99 EPS. The company’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. As a group, equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were given a $1.20 dividend. The ex-dividend date was Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s payout ratio is 34.93%.

Analyst Ratings Changes

INTU has been the subject of several recent research reports. KeyCorp lowered their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Bank of America lowered their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Oppenheimer increased their price objective on shares of Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Company Profile

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.