Bank of New York Mellon Corp Cuts Stake in Intuit Inc. $INTU

Bank of New York Mellon Corp reduced its position in Intuit Inc. (NASDAQ:INTU) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 owned 0.83% of Intuit worth $1,584,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC grew its holdings in Intuit by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after purchasing an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Intuit in the 2nd quarter worth $1,733,000. Wilmington Savings Fund Society FSB grew its stake in Intuit by 19.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock worth $20,182,000 after buying an additional 4,913 shares during the last quarter. Liberty One Investment Management LLC increased its position in Intuit by 31.8% during the 3rd quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock valued at $6,580,000 after buying an additional 2,326 shares in the last quarter. Finally, denkapparat Operations GmbH acquired a new position in Intuit during the 2nd quarter valued at about $830,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Down 2.9%

Shares of Intuit stock opened at $545.40 on Wednesday. The stock has a market cap of $151.77 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25. The firm has a fifty day moving average price of $633.45 and a 200 day moving average price of $672.40. 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 current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last posted its quarterly 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. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, January 9th. Intuit’s payout ratio is currently 32.81%.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This represents a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Scott D. Cook sold 1,402 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the sale, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on INTU shares. KeyCorp lowered their price target on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 target price on shares of Intuit in a research report on Friday, November 21st. Independent Research set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. The Goldman Sachs Group assumed coverage on shares of Intuit in a research note on Monday, January 12th. They set a “neutral” rating and a $720.00 price objective for the company. Finally, Truist Financial began coverage on Intuit in a research report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $791.73.

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.