13,484 Shares in Intuit Inc. $INTU Bought by First Nebraska Trust Co

Key Points

• First Nebraska Trust Co. opened a position in Intuit, buying 13,484 shares valued at approximately $3.72 million. Institutional investors and hedge funds own 83.66% of the company’s stock.
• Analyst views are mixed: 16 rate Intuit Buy, 13 Hold and two Sell, giving the stock a consensus Hold rating and an average price target of $431.55.
• Intuit beat quarterly earnings and revenue estimates, with revenue up 13.7% year over year, and raised its quarterly dividend from $1.20 to $1.38 per share.

First Nebraska Trust Co purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,484 shares of the software maker's stock, valued at approximately $3,717,000.

Several other institutional investors also recently modified their holdings of INTU. XXEC Inc. acquired a new stake in shares of Intuit during the 2nd quarter valued at $436,740,000. BlackRock Inc. bought a new stake in Intuit during the 2nd quarter worth $6,851,859,000. Corient Private Wealth LP acquired a new position in Intuit in the 2nd quarter worth about $40,545,000. Bank of America Corp DE acquired a new position in Intuit in the 2nd quarter worth about $589,841,000. Finally, Bank of New York Mellon Corp acquired a new position in Intuit in the 2nd quarter worth about $564,592,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the company. UBS Group reiterated a "neutral" rating on shares of Intuit in a research report on Friday, September 18th. The Goldman Sachs Group restated a "sell" rating on shares of Intuit in a report on Thursday, September 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on Intuit from $530.00 to $425.00 and set a "buy" rating for the company in a research note on Wednesday, August 19th. TD Cowen reiterated a "hold" rating and issued a $346.00 price objective on shares of Intuit in a report on Friday, September 18th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Intuit in a research report on Monday, September 21st. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $431.55.

Insider Activity at Intuit

In other Intuit news, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.49% of the company's stock.

Intuit Price Performance

INTU stock opened at $344.72 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a market cap of $92.12 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.16 and a beta of 0.91. The company's fifty day simple moving average is $318.58 and its 200 day simple moving average is $360.01. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $682.27.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the business posted $2.75 EPS. The business's 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, analysts expect that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were paid a dividend of $1.38 per share. This is an increase from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 8th. Intuit's payout ratio is 33.45%.

Intuit Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company's principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.

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