Truist Financial Corp Acquires 3,899 Shares of Intuit Inc. $INTU

Key Points

• Truist Financial Corp raised its stake in Intuit by 4.2% (buying 3,899 shares) and now owns 97,105 shares valued at about $64.3 million, with institutional investors holding roughly 83.66% of the stock.
• Intuit beat earnings estimates for the quarter — EPS $4.15 vs. $3.68 expected and revenue $4.65B vs. $4.53B, up 17.4% year‑over‑year — and set FY2026 guidance (Q3: 12.45–12.51 EPS; FY: 22.98–23.18 EPS).
• Intuit declared a quarterly dividend of $1.20 ($4.80 annual, ~1.2% yield) and the stock carries a "Moderate Buy" consensus from analysts with an average target of $636.10 despite several recent price‑target cuts.

Truist Financial Corp raised its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,105 shares of the software maker's stock after buying an additional 3,899 shares during the period. Truist Financial Corp's holdings in Intuit were worth $64,324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Avidian Wealth Enterprises LLC increased its holdings in shares of Intuit by 18.8% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 631 shares of the software maker's stock valued at $418,000 after purchasing an additional 100 shares during the last quarter. Core Alternative Capital raised its holdings in Intuit by 2,875.0% in the 4th quarter. Core Alternative Capital now owns 238 shares of the software maker's stock valued at $158,000 after acquiring an additional 230 shares during the period. Pittenger & Anderson Inc. raised its holdings in Intuit by 6.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 8,429 shares of the software maker's stock valued at $5,584,000 after acquiring an additional 542 shares during the period. CX Institutional raised its holdings in Intuit by 27.5% in the 4th quarter. CX Institutional now owns 11,408 shares of the software maker's stock valued at $7,557,000 after acquiring an additional 2,460 shares during the period. Finally, Balentine LLC raised its holdings in Intuit by 57.4% in the 4th quarter. Balentine LLC now owns 661 shares of the software maker's stock valued at $438,000 after acquiring an additional 241 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.49% of the company's stock.

Intuit Trading Up 2.0%

Shares of INTU stock opened at $406.99 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock has a market cap of $112.55 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.04. The stock has a 50 day simple moving average of $414.84 and a 200 day simple moving average of $537.68. Intuit Inc. has a 1 year low of $342.11 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion during the quarter, compared to analysts' expectations of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts predict that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were given a $1.20 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. Intuit's dividend payout ratio (DPR) is presently 31.09%.

Wall Street Analysts Forecast Growth

INTU has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price target on shares of Intuit from $850.00 to $600.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. KeyCorp lowered their price target on shares of Intuit from $750.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Jefferies Financial Group restated a "buy" rating on shares of Intuit in a research note on Sunday, April 19th. BMO Capital Markets reduced their price target on Intuit from $624.00 to $550.00 and set an "outperform" rating for the company in a research note on Friday, February 27th. Finally, Wolfe Research set a $550.00 price target on Intuit and gave the company an "outperform" rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $636.10.

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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