UNIVEST FINANCIAL Corp Takes Position in Intuit Inc. $INTU

UNIVEST FINANCIAL Corp acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,247 shares of the software maker’s stock, valued at approximately $2,414,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in Intuit during the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. MidFirst Bank acquired a new position in shares of Intuit in the 2nd quarter worth approximately $28,000. HHM Wealth Advisors LLC raised its holdings in shares of Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after buying an additional 30 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Intuit during the 1st quarter worth approximately $30,000. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on INTU. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Truist Financial reissued a “hold” rating and set a $350.00 price objective (down from $410.00) on shares of Intuit in a report on Monday, August 3rd. TD Cowen boosted their target price on shares of Intuit from $304.00 to $328.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Bank of America started coverage on shares of Intuit in a report on Wednesday, May 27th. They issued a “buy” rating and a $400.00 target price on the stock. Finally, Erste Group Bank upgraded shares of Intuit to a “hold” rating in a research report on Monday, April 27th. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $454.65.

Insider Buying and Selling at Intuit

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

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s growth opportunity remains substantial: analysts highlighted a nearly $90 billion mid-market opportunity, with advanced QuickBooks and other products potentially offsetting pressure in the do-it-yourself tax business. INTU Targets a Massive Mid-Market Opportunity
• Positive Sentiment: Mizuho lowered its price target to $430 from $500 but maintained an “outperform” rating, implying meaningful upside from recent trading levels. The company also recently exceeded quarterly earnings and revenue expectations, with revenue up 10.4% year over year. Mizuho Intuit Price Target Update
• Neutral Sentiment: Investor attention is focused on Intuit’s upcoming August 25 earnings report, with market discussions centering on expected growth, TurboTax and QuickBooks performance, and whether artificial intelligence will strengthen or disrupt tax and accounting software.
• Negative Sentiment: Several law firms—including Faruqi & Faruqi, Kessler Topaz, Levi & Korsinsky, Schall Brown & Schwartz, and Rosen—issued notices promoting the pending securities-fraud lawsuit. Although these notices do not establish liability or quantify damages, their volume reinforces investor concerns about possible litigation costs, reputational damage, and scrutiny of TurboTax growth disclosures. Intuit Class Action Notice
• Negative Sentiment: The Mizuho target reduction signals that analysts have become more cautious about Intuit’s near-term outlook, even though the firm retained its bullish rating. Mizuho Intuit Price Target Update

Intuit Price Performance

Intuit stock opened at $335.60 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $91.80 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.09 and a beta of 0.97. The business’s fifty day moving average is $292.88 and its two-hundred day moving average is $363.19. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $721.54.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter last year, the company posted $11.65 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

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.