AMG National Trust Bank Buys New Shares in Intuit Inc. $INTU

Key Points

• AMG National Trust Bank initiated a position in Intuit, purchasing 4,777 shares valued at approximately $1.25 million. Institutional investors collectively own 83.66% of the company.
• Intuit reported quarterly revenue of $8.56 billion, up 10.4% year over year, and EPS of $12.80, exceeding analyst expectations. The company also maintained a quarterly dividend of $1.20 per share, equivalent to a 1.4% annual yield.
• Analysts maintain a consensus “Moderate Buy” rating with a $456.90 price target, although several firms recently reduced their targets. Intuit’s AI expansion provides a potential growth catalyst, while securities litigation allegations regarding TurboTax and business growth create additional risk.

AMG National Trust Bank bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,777 shares of the software maker's stock, valued at approximately $1,247,000.

Other large investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in shares of Intuit during the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Intuit during the fourth quarter worth $25,000. HHM Wealth Advisors LLC increased its position in Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock worth $30,000 after acquiring an additional 30 shares during the period. Whipplewood Advisors LLC acquired a new stake in Intuit in the 1st quarter worth about $30,000. Finally, CrossGen Wealth LLC acquired a new stake in Intuit in the 1st quarter worth about $32,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INTU shares. Northcoast Research decreased their target price on shares of Intuit from $575.00 to $465.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Freedom Capital downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Jefferies Financial Group lowered their price objective on Intuit from $650.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, May 21st. BNP Paribas Exane dropped their price objective on Intuit from $463.00 to $315.00 and set a "neutral" rating for the company in a report on Thursday, May 21st. Finally, KeyCorp dropped their price target on Intuit from $520.00 to $450.00 and set an "overweight" rating for the company in a research note on Thursday, May 21st. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus price target of $456.90.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit expanded its Intuit Intelligence platform with conversational AI and additional capabilities for QuickBooks Online Advanced and Intuit Enterprise Suite. The initiative targets larger businesses, CFOs and accounting firms and could support growth beyond Intuit’s traditional small-business customer base. Intuit Advances Its Mid-Market Platform With Conversational AI, Enterprise Scale, and Deep Industry Workflows for CFOs and Accounting Firms
• Positive Sentiment: Some recent analyst commentary remains bullish, arguing that Intuit’s core QuickBooks and online ecosystem remain resilient, while TurboTax monetization, Credit Karma synergies and AI adoption could help sustain double-digit growth. Upcoming fiscal-year 2027 guidance and management’s AI strategy are viewed as important catalysts. Intuit: Strong Fundamentals Amid AI Fears Make The Stock Attractive
• Neutral Sentiment: Options pricing implies a wide potential trading range rather than a clear directional signal, suggesting elevated uncertainty and the need for investors to manage position sizes carefully. Intuit's Options Price A Floor Below Anything The Stock Has Touched In A Year
• Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers. The complaints allege that the company misled investors about the sustainability of business growth, particularly TurboTax, and failed to disclose competitive and pricing pressures in its tax operations. The allegations have not been proven. Investors in the August 22, 2025–May 20, 2026 class period have until September 8, 2026 to seek lead-plaintiff status. The repeated notices add legal and reputational overhang to the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act

Intuit Stock Performance

NASDAQ INTU opened at $345.66 on Monday. The firm's fifty day moving average price is $292.28 and its two-hundred day moving average price is $364.67. The stock has a market cap of $94.55 billion, a PE ratio of 20.94, a PEG ratio of 1.09 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $721.54.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion during the quarter, compared to analysts' expectations of $8.54 billion. During the same period in the prior year, the company earned $11.65 EPS. Intuit's revenue was up 10.4% compared to the same quarter last year. 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, equities analysts expect that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Intuit's dividend payout ratio is currently 29.07%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director directly owned 12,326 shares of the company's stock, valued at $3,449,554.36. The trade was a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 1,239 shares of company stock valued at $348,354 in the last ninety days. 2.49% of the stock is currently owned by insiders.

About Intuit

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.

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