Schaper Benz & Wise Investment Counsel Inc. WI Sells 1,156 Shares of Intuit Inc. $INTU

Key Points

• Schaper Benz & Wise Investment Counsel Inc. reduced its holdings in Intuit Inc. (NASDAQ:INTU) by 3.7%, selling 1,156 shares during the 2nd quarter, leaving them with 30,123 shares valued at approximately $23.7 million.
• Intuit recently reported earnings of $2.75 EPS for the quarter, exceeding analyst expectations and reflecting a year-over-year revenue increase of 20.3%.
• The company has recently increased its quarterly dividend from $1.04 to $1.20, signaling confidence in its financial performance and providing an annualized yield of 0.7%.

Schaper Benz & Wise Investment Counsel Inc. WI lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,123 shares of the software maker's stock after selling 1,156 shares during the quarter. Intuit accounts for approximately 1.8% of Schaper Benz & Wise Investment Counsel Inc. WI's holdings, making the stock its 17th biggest holding. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Intuit were worth $23,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTU. Nuveen LLC bought a new stake in Intuit in the 1st quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit in the 1st quarter worth about $785,564,000. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 worth $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of 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 worth $646,613,000 after purchasing an additional 375,742 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Price Performance

NASDAQ INTU opened at $670.77 on Thursday. The business has a 50 day simple moving average of $673.11 and a 200 day simple moving average of $696.19. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $187.01 billion, a price-to-earnings ratio of 48.82, a PEG ratio of 2.61 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $3.75 billion. During the same period in the prior year, the business earned $1.99 EPS. Intuit's revenue for the quarter 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. Analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date was Thursday, October 9th. Intuit's dividend payout ratio is 34.93%.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 529 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 over the last 90 days. 2.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on INTU. Morgan Stanley reduced their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Zacks Research downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Royal Bank Of Canada restated an "outperform" rating and set a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. Bank of America cut their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $791.82.

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.

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