Bank of New York Mellon Corp Decreases Stock Holdings in Intuit Inc. $INTU

Bank of New York Mellon Corp lowered its stake in Intuit Inc. (NASDAQ:INTU) by 0.2% during the third quarter, Holdings Channel.com reports. The fund owned 2,319,761 shares of the software maker’s stock after selling 5,226 shares during the quarter. Bank of New York Mellon Corp’s holdings in Intuit were worth $1,584,188,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Weaver Capital Management LLC increased its stake in shares of Intuit by 1.3% during the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock worth $888,000 after purchasing an additional 14 shares in the last quarter. May Hill Capital LLC boosted its holdings in Intuit by 4.2% in the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after buying an additional 14 shares during the last quarter. Northern Financial Advisors Inc increased its stake in Intuit by 1.3% during the 2nd quarter. Northern Financial Advisors Inc now owns 1,209 shares of the software maker’s stock worth $952,000 after buying an additional 15 shares in the last quarter. Telos Capital Management Inc. increased its stake in Intuit by 2.6% during the 2nd quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock worth $461,000 after buying an additional 15 shares in the last quarter. Finally, Mcrae Capital Management Inc. raised its holdings in shares of Intuit by 0.7% during the second quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock valued at $1,723,000 after acquiring an additional 15 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on INTU shares. Wolfe Research decreased their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Independent Research set a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $700.00 target price (down from $840.00) on shares of Intuit in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $791.73.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the transaction, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 388,464 shares of company stock worth $255,514,393 over the last 90 days. 2.49% of the stock is owned by corporate insiders.

Intuit Stock Performance

Shares of INTU opened at $545.40 on Wednesday. Intuit Inc. has a 1 year low of $520.69 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $151.77 billion, a PE ratio of 37.28, a PEG ratio of 2.30 and a beta of 1.25. The stock has a 50-day simple moving average of $633.45 and a 200-day simple moving average of $672.40.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business earned $2.50 EPS. Intuit’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.9%. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Intuit 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.