Intuit Inc. $INTU Holdings Lifted by First Citizens Bank & Trust Co.

Key Points

• Institutional ownership increased: First Citizens Bank & Trust Co. raised its Intuit stake by 174.5% to 5,304 shares, while institutional investors collectively own 83.66% of the company.
• Intuit is expanding its AI and enterprise offerings: The planned acquisition of revenue-management platform Sequence could strengthen QuickBooks Online Advanced and Intuit Enterprise Suite, although financial terms and the near-term earnings impact were not disclosed.
• Financial results and dividend improved: Intuit beat quarterly EPS and revenue estimates, with revenue rising 13.7% year over year, and increased its quarterly dividend from $1.20 to $1.38 per share. Analysts remain mixed, with a consensus rating of “Hold” and an average price target of $431.55.

First Citizens Bank & Trust Co. lifted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 174.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,304 shares of the software maker's stock after buying an additional 3,372 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Intuit were worth $1,462,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. XXEC Inc. acquired a new position in Intuit in the second quarter valued at about $436,740,000. BlackRock Inc. bought a new stake in Intuit during the second quarter worth about $6,851,859,000. Corient Private Wealth LP acquired a new stake in Intuit during the second quarter worth about $40,545,000. Arrowstreet Capital Limited Partnership grew its stake in Intuit by 102.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock worth $1,684,795,000 after buying an additional 1,972,719 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Intuit by 6.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker's stock worth $870,260,000 after buying an additional 215,814 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Sequence automates the end-to-end quote-to-revenue process, including pricing, contracts, invoicing, collections and revenue recognition. Its support for usage-, seat- and milestone-based billing could broaden Intuit’s appeal to software, professional-services and other businesses with complex billing needs. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: The acquisition is expected to add capabilities to Intuit’s financial system of intelligence and strengthen Intuit Enterprise Suite and QuickBooks Online Advanced. Investors interpreted the transaction as evidence that Intuit is using AI to expand beyond its traditional small-business and consumer tax markets. Intuit deal signals bet on AI demand in revenue management
• Positive Sentiment: The announcement triggered a broad rally in INTU as market participants focused on potential long-term cross-selling opportunities and growth in mid-market financial-management software. Financial terms were not disclosed, leaving the immediate earnings impact uncertain. Why Intuit Stock Is Trading Up Today

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 285 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares of the company's stock, valued at $3,751,726.16. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.49% of the company's stock.

Analyst Ratings Changes

INTU has been the topic of several analyst reports. Oppenheimer reduced their price target on shares of Intuit from $406.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 26th. Royal Bank Of Canada restated an "outperform" rating and set a $385.00 price objective on shares of Intuit in a research report on Friday, October 2nd. Susquehanna lowered their price objective on shares of Intuit from $427.00 to $415.00 and set a "positive" rating for the company in a research report on Wednesday, August 26th. Jefferies Financial Group cut their target price on Intuit from $550.00 to $500.00 and set a "buy" rating for the company in a research note on Sunday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Intuit from $530.00 to $425.00 and set a "buy" rating on the stock in a report on Wednesday, August 19th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Intuit has an average rating of "Hold" and a consensus target price of $431.55.

Intuit Trading Up 6.4%

NASDAQ INTU opened at $330.17 on Friday. The company has a market cap of $88.23 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.01. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $689.17. 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 business's fifty day moving average is $321.16 and its 200 day moving average is $328.64.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate 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 company earned $2.75 earnings per share. The business's quarterly revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, sell-side analysts expect that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Intuit's previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. Intuit's dividend payout ratio (DPR) is presently 33.45%.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.

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