Northwest & Ethical Investments L.P. Has $34.80 Million Stock Holdings in Intuit Inc. $INTU

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Intuit Inc. by 41.4%, holding 56,674 shares valued at approximately $34.8 million.
• Insider sales have been notable, with EVP Mark P. Notarainni selling 1,147 shares for about $887,663, indicating a significant reduction in their position.
• Intuit reported a strong quarterly performance with $11.65 EPS and a revenue of $7.75 billion, surpassing analysts' expectations.

Northwest & Ethical Investments L.P. grew its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 41.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,674 shares of the software maker's stock after acquiring an additional 16,580 shares during the period. Intuit comprises approximately 0.9% of Northwest & Ethical Investments L.P.'s holdings, making the stock its 16th biggest position. Northwest & Ethical Investments L.P.'s holdings in Intuit were worth $34,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in INTU. GAMMA Investing LLC boosted its holdings in shares of Intuit by 69,701.9% in the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after buying an additional 2,821,534 shares during the period. Nuveen LLC acquired a new position in Intuit during the 1st quarter valued at about $882,031,000. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the 1st quarter valued at about $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Intuit by 33.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after purchasing an additional 771,232 shares during the period. Finally, Unisphere Establishment boosted its stake in Intuit by 50.0% during the 4th quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock valued at $942,750,000 after purchasing an additional 500,000 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INTU. Susquehanna reissued a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. Wall Street Zen raised shares of Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 price target (up from $760.00) on shares of Intuit in a research note on Friday, May 23rd. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $850.00 price target (up from $770.00) on shares of Intuit in a research note on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Intuit has an average rating of "Moderate Buy" and an average target price of $809.86.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the transaction, the director directly owned 15,474 shares in the company, valued at $11,890,685.82. This represents a 2.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 279,800 shares of company stock valued at $209,725,054. 2.68% of the stock is owned by company insiders.

Intuit Stock Down 0.2%

Intuit stock traded down $1.39 during trading hours on Thursday, hitting $697.76. The company had a trading volume of 2,421,559 shares, compared to its average volume of 1,779,294. The firm has a market capitalization of $194.64 billion, a P/E ratio of 56.64, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. The firm's fifty day moving average is $760.28 and its 200-day moving average is $673.19. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $1.70 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.95). Intuit had a net margin of 19.07% and a return on equity of 21.46%. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

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.