Glenview Trust Co Raises Position in Intuit Inc. $INTU

Glenview Trust Co boosted its holdings in Intuit Inc. (NASDAQ:INTUFree Report) by 48.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,534 shares of the software maker’s stock after purchasing an additional 9,014 shares during the period. Glenview Trust Co’s holdings in Intuit were worth $18,239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Joseph Group Capital Management purchased a new position in Intuit in the fourth quarter valued at about $25,000. MTM Investment Management LLC boosted its holdings in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Intuit in the third quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares during the last quarter. Finally, Steph & Co. boosted its holdings in Intuit by 346.2% in the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock valued at $38,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is currently owned by insiders.

Intuit Price Performance

Shares of INTU opened at $319.94 on Monday. The company has a market cap of $87.52 billion, a P/E ratio of 19.38, a PEG ratio of 1.29 and a beta of 1.04. The stock has a fifty day moving average price of $403.55 and a 200 day moving average price of $509.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.32. Intuit Inc. has a 12 month low of $302.36 and a 12 month high of $813.70.

Intuit (NASDAQ:INTUGet Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $11.65 EPS. 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, research analysts forecast that Intuit Inc. will post 17.49 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Analysts Set New Price Targets

A number of research analysts recently commented on INTU shares. TD Cowen reduced their price target on Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a report on Thursday. Stifel Nicolaus reduced their price target on Intuit from $500.00 to $375.00 and set a “buy” rating for the company in a report on Thursday. Truist Financial reduced their price target on Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a report on Thursday. Citigroup reduced their price target on Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a report on Thursday. Finally, Mizuho reduced their target price on Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Twenty-four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $546.29.

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Key Intuit News

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Intuit Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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