Laird Norton Wetherby Trust Company LLC Makes New $7.65 Million Investment in Intuit Inc. $INTU

Key Points

• Laird Norton Wetherby Trust Company LLC bought a new position of 11,200 Intuit shares valued at approximately $7.65 million, making INTU its 17th-largest holding and about 1.3% of the firm's portfolio.
• Intuit has halted planned insider sales and accelerated its share‑repurchase program to prop up the stock, even though insiders sold roughly 120,501 shares (≈$79.98 million) over the past 90 days.
• Analyst sentiment is broadly positive but mixed: Intuit beat quarterly expectations (EPS $4.15 vs. $3.68; revenue $4.65B, +17.4% YoY) and holds a consensus "Moderate Buy" with a $638.06 average target, despite several firms lowering price targets recently.

Laird Norton Wetherby Trust Company LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,200 shares of the software maker's stock, valued at approximately $7,649,000. Intuit accounts for about 1.3% of Laird Norton Wetherby Trust Company LLC's holdings, making the stock its 17th biggest position.

A number of other hedge funds have also recently modified their holdings of INTU. Laird Norton Wetherby Wealth Management LLC boosted its stake in Intuit by 0.7% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,915 shares of the software maker's stock worth $6,771,000 after acquiring an additional 71 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Intuit by 39.6% during the third quarter. Larson Financial Group LLC now owns 1,037 shares of the software maker's stock valued at $708,000 after purchasing an additional 294 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Intuit during the third quarter valued at approximately $2,609,000. Integrated Wealth Concepts LLC boosted its position in shares of Intuit by 12.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,335 shares of the software maker's stock worth $2,278,000 after purchasing an additional 367 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Intuit in the 3rd quarter worth approximately $196,000. Institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

INTU has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on Intuit from $750.00 to $605.00 and set an "overweight" rating for the company in a research report on Friday, February 27th. Daiwa Securities Group dropped their target price on Intuit from $800.00 to $640.00 and set a "buy" rating on the stock in a report on Thursday, March 5th. BMO Capital Markets reduced their price target on Intuit from $624.00 to $550.00 and set an "outperform" rating for the company in a report on Friday, February 27th. UBS Group lowered their price target on Intuit from $725.00 to $440.00 and set a "neutral" rating for the company in a research report on Friday, February 27th. Finally, Rothschild & Co Redburn upgraded shares of Intuit from a "neutral" rating to a "buy" rating and upped their price target for the stock from $670.00 to $700.00 in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $638.06.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer owned 536 shares in the company, valued at $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Cook sold 1,402 shares of the firm's stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the sale, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 120,501 shares of company stock worth $79,983,892. 2.49% of the stock is owned by insiders.

Intuit Stock Up 2.8%

Intuit stock opened at $452.31 on Tuesday. The firm has a market cap of $125.09 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 1.77 and a beta of 1.26. The stock has a fifty day simple moving average of $478.68 and a two-hundred day simple moving average of $598.30. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the company posted $3.32 earnings per share. The company's quarterly revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.1%. Intuit's dividend payout ratio is currently 31.09%.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Company will significantly speed up its existing buyback plan, signaling management believes shares are undervalued and returning cash to shareholders; markets interpreted this as a direct valuation-support action. Intuit Stock Rises On Accelerated Buyback Reports
• Positive Sentiment: Founder and senior executives terminated prescheduled/automated stock-sale plans, a sign of insider confidence and an attempt to stop perceived downward pressure from programmatic insider sales. Intuit Halts Insider Sales, Accelerates Share Repurchase Program
• Positive Sentiment: Management publicly called the stock “meaningfully misaligned” with fundamentals and moved to buy back shares, a clear signal intended to restore investor confidence amid recent weakness. Intuit Halts Management Stock Sales, Accelerates Buybacks
• Positive Sentiment: Street reaction includes fresh bullish notes and higher targets from several firms, reinforcing the view that the pullback may be an opportunity for long-term holders. Intuit Stock (INTU) Opinions on Accelerated Share Buybacks
• Neutral Sentiment: BNP Paribas Exane upgraded INTU from underperform to neutral with a $463 target — a modest endorsement that still leaves limited near‑term upside versus some higher analyst targets. Finviz (BNP Paribas Exane Upgrade)
• Neutral Sentiment: Some media and thematic pieces are pitching Intuit as a buy on the dip (AI/automation tailwinds and recent earnings strength cited), which can attract contrarian long‑term buyers but may not sway short‑term traders. Best 2 Tech Stocks to Buy Now on the Dip
• Negative Sentiment: Broader investor concern that AI and automation could pressure legacy software monetization remains a near‑term headwind for valuation; the management moves aim to counteract those sentiment-driven losses. How Intuit Is Reacting to a Stock Price That It Deems ‘Meaningfully Misaligned’
• Negative Sentiment: Historical insider selling has been heavy (many open‑market disposals over the past year), which some investors note as a caution despite the current halt; institutional portfolio rebalancing has also been material. Intuit Stock (INTU) Opinions on Accelerated Share Buybacks

About Intuit

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.

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