Whittier Trust Co. of Nevada Inc. Has $2.94 Million Holdings in Intuit Inc. $INTU

Whittier Trust Co. of Nevada Inc. lessened its stake in Intuit Inc. (NASDAQ:INTU) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,732 shares of the software maker’s stock after selling 304 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Intuit were worth $2,939,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in INTU. Nuveen LLC acquired a new stake in shares of Intuit in the 1st quarter valued at approximately $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in Intuit in the 1st quarter valued at $785,564,000. Price T Rowe Associates Inc. MD raised its stake in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after acquiring an additional 649,212 shares during the period. Pictet Asset Management Holding SA raised its stake in Intuit by 55.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock valued at $646,613,000 after acquiring an additional 375,742 shares during the period. Finally, Wellington Management Group LLP raised its stake in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after acquiring an additional 358,328 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. This trade represents a 47.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 in the last quarter. 2.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Citigroup dropped their price target on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. dropped their price target on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Rothschild & Co Redburn increased their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Finally, Stifel Nicolaus dropped their price target on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Intuit Stock Up 1.5%

Shares of NASDAQ INTU opened at $675.04 on Wednesday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The business has a 50-day simple moving average of $673.93 and a two-hundred day simple moving average of $696.36. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company has a market cap of $188.20 billion, a P/E ratio of 49.13, a P/E/G ratio of 2.57 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned $1.99 EPS. The firm’s revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a $1.20 dividend. The ex-dividend date was Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is 34.93%.

Intuit Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.