PNC Financial Services Group Inc. Has $103.49 Million Stock Position in Intuit Inc. $INTU

PNC Financial Services Group Inc. cut its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,235 shares of the software maker’s stock after selling 3,265 shares during the period. PNC Financial Services Group Inc.’s holdings in Intuit were worth $103,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Joseph Group Capital Management bought a new stake in shares of Intuit during the 4th quarter valued at $25,000. MTM Investment Management LLC grew its stake in shares of Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after purchasing an additional 27 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in Intuit in the third quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after buying an additional 19 shares during the last quarter. Finally, Steph & Co. grew its position in shares of Intuit by 346.2% during the 4th quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the topic of several recent analyst reports. Northcoast Research raised shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective on the stock in a research note on Friday, March 6th. Royal Bank Of Canada decreased their price target on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Daiwa Securities Group lowered their price objective on shares of Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Jefferies Financial Group reiterated a “buy” rating on shares of Intuit in a report on Sunday, April 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Intuit from $850.00 to $600.00 and set a “buy” rating for the company in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $634.26.

Insider Activity

In related news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.49% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported stronger-than-expected fiscal Q3 results, with earnings and revenue topping estimates, and management raised both full-year revenue and profit guidance. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
• Positive Sentiment: The company also authorized an $8 billion share repurchase plan and increased its quarterly dividend, signaling confidence in cash flow and capital returns. Intuit Announces Major Restructuring and Dividend Declaration
• Neutral Sentiment: Management said it is expanding AI capabilities across products such as QuickBooks, which could support longer-term efficiency and growth if execution stays on track. Intuit Expands QuickBooks With AI: Will It Accelerate Growth?
• Negative Sentiment: Intuit announced it will cut about 17% of its workforce, or roughly 3,000 jobs, creating restructuring charges of about $300 million to $340 million and raising concerns about disruption. Intuit boosts annual forecasts, to cut 17% of global staff
• Negative Sentiment: Investors also reacted to a lower annual TurboTax revenue outlook, which fed worries that AI-driven changes could pressure the company’s core tax business. Intuit trims annual TurboTax revenue forecast, to cut 17% of workforce

Intuit Trading Down 3.9%

Shares of NASDAQ:INTU opened at $383.93 on Thursday. Intuit Inc. has a 12 month low of $342.11 and a 12 month high of $813.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $408.90 and its 200 day simple moving average is $514.39. The firm has a market cap of $106.18 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.61 and a beta of 1.04.

Intuit (NASDAQ:INTU) last announced 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 during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $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. As a group, research analysts forecast that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, April 9th. Intuit’s dividend payout ratio is currently 31.09%.

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.