Grove Bank & Trust Purchases 1,369 Shares of Intuit Inc. $INTU

Grove Bank & Trust lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 137.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,363 shares of the software maker’s stock after acquiring an additional 1,369 shares during the period. Grove Bank & Trust’s holdings in Intuit were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Intuit by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after buying an additional 377,657 shares during the period. State Street Corp lifted its position in shares of Intuit by 1.0% during the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock valued at $10,022,059,000 after acquiring an additional 125,990 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Intuit by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after acquiring an additional 649,212 shares in the last quarter. Geode Capital Management LLC boosted its stake in Intuit by 1.8% during the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock worth $5,042,107,000 after acquiring an additional 115,721 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Down 2.4%

NASDAQ INTU opened at $654.60 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $182.16 billion, a P/E ratio of 44.74, a PEG ratio of 2.75 and a beta of 1.27. The business has a fifty day simple moving average of $656.63 and a 200 day simple moving average of $703.85. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $2.50 earnings per share. The firm’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 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s payout ratio is 32.81%.

Analyst Upgrades and Downgrades

INTU has been the subject of several research reports. Daiwa Capital Markets raised their target price on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Wolfe Research lowered their target price on Intuit from $900.00 to $870.00 in a research report on Friday, November 21st. Bank of America cut their target price on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Rothschild & Co Redburn boosted their price target on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Finally, KeyCorp lowered their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $798.20.

Insider Activity at Intuit

In other news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This represents a 47.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $658.84, for a total value of $49,413,000.00. Following the completion of the sale, the director directly owned 5,893,679 shares of the company’s stock, valued at approximately $3,882,991,472.36. This trade represents a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 269,799 shares of company stock worth $176,627,160. Insiders own 2.49% of the company’s stock.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.