Synovus Financial Corp Raises Stock Holdings in Intuit Inc. $INTU

Synovus Financial Corp raised its position in shares of Intuit Inc. (NASDAQ:INTU) by 43.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,155 shares of the software maker’s stock after purchasing an additional 1,556 shares during the quarter. Synovus Financial Corp’s holdings in Intuit were worth $3,520,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. NEOS Investment Management LLC increased its stake in Intuit by 63.8% in the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock valued at $82,984,000 after buying an additional 47,330 shares during the period. Varma Mutual Pension Insurance Co boosted its holdings in Intuit by 8.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock valued at $30,771,000 after purchasing an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new position in shares of Intuit during the 3rd quarter worth approximately $1,465,000. Hantz Financial Services Inc. grew its holdings in Intuit by 50.3% during the third quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after acquiring an additional 10,661 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Intuit by 11.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,211 shares of the software maker’s stock worth $99,166,000 after acquiring an additional 15,471 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

Shares of Intuit stock opened at $380.55 on Friday. The business’s fifty day moving average price is $554.54 and its 200 day moving average price is $630.99. Intuit Inc. has a twelve month low of $375.40 and a twelve month high of $813.70. 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 stock has a market capitalization of $105.90 billion, a P/E ratio of 26.01, a PEG ratio of 1.56 and a beta of 1.24.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 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 for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the business posted $2.50 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. As a group, research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Wolfe Research dropped their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Daiwa Securities Group raised their price target on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings cut shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. Finally, Evercore reaffirmed an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Twenty-two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $768.96.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,335 shares of the company’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 transaction, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the completion of the transaction, the director directly owned 5,669,584 shares of the company’s stock, valued at approximately $3,818,067,953.12. The trade was a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by company insiders.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Launched a consumer-facing TurboTax/Uber push — Intuit rolled out a campaign with Uber Advertising to connect taxpayers with in-person help and introduced a “done-for-you” TurboTax experience that pairs AI and human experts, which should help user acquisition and engagement for tax season. Intuit Inc. (INTU) Launched a New Campaign with Uber Advertising
• Positive Sentiment: Product expansion into construction via AI-driven ERP — Intuit launched a Construction Edition for its Enterprise Suite aimed at the $2T construction market, signaling meaningful TAM expansion and enterprise monetization potential. Intuit Targets $2 Trillion Construction Market With New AI Suite
• Positive Sentiment: Street support from a major analyst — Morgan Stanley’s Keith Weiss reiterated a Buy and kept an $880 price target, reinforcing a bullish long-term thesis around Intuit’s tax moat and policy/AI tailwinds. Intuit (INTU): Durable Tax Moat, Mispriced AI Risk…
• Positive Sentiment: Opinion pieces pushing back on AI panic — Commentary arguing that AI fears have been overblown may limit further downside as investors reassess long-term revenue resilience. Intuit’s $100B Panic: Premature AI Death Call
• Neutral Sentiment: Sector context — A rally in some beaten-down software names after encouraging AI commentary (e.g., RingCentral, Five9) provides an industry tailwind that could help sentiment for INTU. Beaten-down software stocks RingCentral and Five9 rally…
• Neutral Sentiment: Earnings calendar focus — Intuit is slated to report next week; previews and scheduled reports keep the name in flux as traders position into the print. Intuit (INTU) Projected to Post Earnings on Thursday
• Neutral Sentiment: Recent price action noted by market commentary — coverage pointing to short-term gains in prior sessions; useful context but not a driver by itself. Intuit (INTU) Laps the Stock Market: Here’s Why
• Negative Sentiment: Earnings-beat skepticism — One preview noted Intuit may lack the ideal setup to deliver an earnings beat next week, which can fuel short-term selling if results or guidance disappoint. Intuit (INTU) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Reported rise in short-interest (data appeared inconsistent) — Notes of increased short interest can amplify volatility; even if the published figures were noisy, perception of growing bearish bets can pressure the stock.

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.