Intuit Inc. $INTU Shares Sold by Haverford Trust Co

Key Points

• Haverford Trust Co decreased its position in Intuit Inc. (NASDAQ:INTU) by 0.8% during Q1, holding 51,964 shares valued at approximately $31.9 million.
• Insider selling included CFO Sandeep Aujla, who sold 16,061 shares for over $11.6 million, marking a 98.79% drop in their ownership.
• Intuit reported a 20.3% year-over-year revenue increase in its latest earnings report, exceeding analyst expectations with an EPS of $2.75.

Haverford Trust Co decreased its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,964 shares of the software maker's stock after selling 439 shares during the period. Haverford Trust Co's holdings in Intuit were worth $31,905,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Kestra Advisory Services LLC raised its stake in shares of Intuit by 1.9% during the first quarter. Kestra Advisory Services LLC now owns 10,371 shares of the software maker's stock worth $6,368,000 after acquiring an additional 194 shares in the last quarter. Circle Wealth Management LLC lifted its stake in Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock valued at $2,119,000 after acquiring an additional 865 shares during the period. Compound Planning Inc. increased its position in shares of Intuit by 28.4% during the 1st quarter. Compound Planning Inc. now owns 3,251 shares of the software maker's stock valued at $1,996,000 after purchasing an additional 719 shares during the last quarter. Norinchukin Bank The increased its holdings in Intuit by 43.3% in the 1st quarter. Norinchukin Bank The now owns 23,596 shares of the software maker's stock worth $14,488,000 after acquiring an additional 7,132 shares in the last quarter. Finally, Summit Financial LLC boosted its stake in Intuit by 4.4% in the 1st quarter. Summit Financial LLC now owns 3,735 shares of the software maker's stock worth $2,294,000 after purchasing an additional 156 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INTU. Evercore ISI increased their target price on Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. BMO Capital Markets increased their target price on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Susquehanna reiterated a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. CLSA initiated coverage on Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price on the stock. Finally, The Goldman Sachs Group increased their target price on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $797.62.

Insiders Place Their Bets

In related news, CFO Sandeep Aujla sold 42 shares of Intuit stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the transaction, the chief financial officer directly owned 831 shares of the company's stock, valued at approximately $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the transaction, the executive vice president directly owned 19 shares of the company's stock, valued at approximately $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,650 shares of company stock worth $113,959,883. Corporate insiders own 2.68% of the company's stock.

Intuit Trading Up 0.4%

INTU traded up $2.58 during mid-day trading on Tuesday, hitting $659.54. 3,762,506 shares of the stock were exchanged, compared to its average volume of 1,823,597. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. The company has a market cap of $183.98 billion, a PE ratio of 48.00, a PEG ratio of 2.55 and a beta of 1.28. The firm's fifty day moving average is $754.86 and its two-hundred day moving average is $676.08. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

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

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is 30.28%.

Intuit Company 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.