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

Key Points

• Glenview Trust Co. initiated a position in Intuit, buying 26,484 shares valued at approximately $6.9 million. Institutional investors own 83.66% of the company.
• Intuit exceeded quarterly expectations, reporting $4.03 in EPS versus $3.58 expected and $4.35 billion in revenue, up 13.7% year over year. The company also raised its quarterly dividend 15% to $1.38 per share.
• Analyst sentiment remains mixed, with several firms cutting price targets as Intuit’s fiscal 2027 growth outlook weakened and concerns grew over TurboTax pricing, customer growth and near-term margin pressure.

Glenview Trust Co bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,484 shares of the software maker's stock, valued at approximately $6,912,000.

Several other institutional investors also recently bought and sold shares of INTU. XXEC Inc. purchased a new position in shares of Intuit during the second quarter valued at about $436,740,000. BlackRock Inc. bought a new stake in shares of Intuit in the second quarter worth about $6,851,859,000. Corient Private Wealth LP purchased a new stake in shares of Intuit in the second quarter worth about $40,545,000. Norges Bank purchased a new stake in shares of Intuit in the fourth quarter worth about $3,058,407,000. Finally, Bank of America Corp DE bought a new position in Intuit during the second quarter valued at approximately $589,841,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on INTU shares. The Goldman Sachs Group upped their price target on shares of Intuit from $276.00 to $304.00 and gave the company a "sell" rating in a research note on Wednesday. Royal Bank Of Canada dropped their price objective on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Mizuho reduced their target price on shares of Intuit from $500.00 to $430.00 and set an "outperform" rating on the stock in a report on Monday, August 17th. Stifel Nicolaus set a $300.00 target price on shares of Intuit in a research report on Wednesday. Finally, Northcoast Research lowered their price target on shares of Intuit from $575.00 to $465.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Intuit presently has an average rating of "Hold" and a consensus price target of $434.68.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by corporate insiders.

Intuit Trading Up 0.6%

Shares of NASDAQ INTU opened at $348.00 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $305.53 and a two-hundred day simple moving average of $356.69. The firm has a market cap of $95.19 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.08 and a beta of 0.97. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) 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 business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. The business's revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Analysts expect that Intuit Inc. will post 21.06 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio (DPR) is currently 33.45%.

Key Headlines Impacting Intuit

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

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.

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