Bank of New York Mellon Corp Sells 150,733 Shares of Intuit Inc. $INTU

Bank of New York Mellon Corp cut its position in Intuit Inc. (NASDAQ:INTU) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,640,479 shares of the software maker’s stock after selling 150,733 shares during the period. Bank of New York Mellon Corp’s holdings in Intuit were worth $1,141,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of INTU. Betterment LLC raised its holdings in Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after acquiring an additional 16 shares during the period. Value Partners Investments Inc. lifted its holdings in Intuit by 0.4% in the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after purchasing an additional 17 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in Intuit by 0.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,621 shares of the software maker’s stock valued at $2,399,000 after buying an additional 18 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Intuit by 2.4% during the fourth quarter. SeaCrest Wealth Management LLC now owns 764 shares of the software maker’s stock valued at $498,000 after buying an additional 18 shares during the last quarter. Finally, PFG Investments LLC lifted its holdings in shares of Intuit by 2.0% in the fourth quarter. PFG Investments LLC now owns 915 shares of the software maker’s stock worth $606,000 after buying an additional 18 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Vasant M. Prabhu bought 500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $309.71 per share, with a total value of $154,855.00. Following the transaction, the director owned 1,750 shares in the company, valued at $541,992.50. This trade represents a 40.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 284 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the sale, the director owned 11,758 shares in the company, valued at $3,084,358.56. The trade was a 2.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,239 shares of company stock worth $348,354. Company insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INTU. Susquehanna reduced their price target on shares of Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a report on Friday, May 22nd. Rothschild & Co Redburn dropped their price objective on shares of Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. Barclays decreased their target price on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Piper Sandler assumed coverage on Intuit in a research note on Tuesday. They set an “underweight” rating and a $250.00 price target for the company. Finally, Jefferies Financial Group cut their price target on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Twenty-two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.39.

Intuit Price Performance

INTU stock opened at $279.70 on Thursday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The firm has a market capitalization of $76.51 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. The company has a fifty day simple moving average of $307.54 and a two-hundred day simple moving average of $410.07. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Analysts anticipate that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Intuit’s dividend payout ratio is 29.07%.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Zacks upgraded Intuit (INTU) to Rank #2 (Buy), citing improving earnings expectations and signaling near-term optimism that could help support the stock. Article Title
• Positive Sentiment: Another Zacks piece highlighted Intuit’s solid growth profile, reinforcing the view that the company still has strong long-term fundamentals. Article Title
• Positive Sentiment: Wall Street analyst sentiment remains broadly constructive, with the average brokerage recommendation for INTU still equivalent to a Buy. Article Title
• Neutral Sentiment: A marketing-focused article about Intuit Mailchimp and Canva discussed partnership-style growth marketing themes, but it does not appear to carry a direct, immediate earnings impact for INTU. Article Title
• Neutral Sentiment: Several comparison pieces on INTU vs. MSFT focus on valuation and relative attractiveness rather than a new company-specific catalyst. Article Title
• Negative Sentiment: Multiple law firms announced or promoted class-action lawsuits and securities-fraud investigations tied to alleged misstatements about TurboTax growth and pricing issues, which is the biggest near-term drag on sentiment for Intuit. Article Title
• Negative Sentiment: Piper Sandler reportedly initiated coverage with a sell-equivalent rating and a street-low price target, contributing to the stock’s decline. Article Title
• Negative Sentiment: Earlier reports also said INTU was hit after market hours as legal and valuation concerns intensified, adding to the recent weakness. Article Title

Intuit Company 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.