Whittier Trust Co. Has $7.12 Million Stake in Intuit Inc. $INTU

Key Points

• Whittier Trust Co. reduced its stake in Intuit Inc. by 5.2% in Q2, now holding shares worth $7.12 million after selling 499 shares.
• Intuit's quarterly earnings surpassed expectations, reporting $2.75 per share on revenue of $3.83 billion, up 20.3% year-over-year.
• The company recently increased its quarterly dividend from $1.04 to $1.20, reflecting a yield of 0.7% and a payout ratio of 34.93%.

Whittier Trust Co. decreased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,034 shares of the software maker's stock after selling 499 shares during the quarter. Whittier Trust Co.'s holdings in Intuit were worth $7,115,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Lafayette Investments Inc. boosted its stake in Intuit by 8.2% in the 2nd quarter. Lafayette Investments Inc. now owns 501 shares of the software maker's stock valued at $395,000 after buying an additional 38 shares in the last quarter. LGT Financial Advisors LLC bought a new position in Intuit in the 2nd quarter valued at $32,000. VCI Wealth Management LLC raised its position in Intuit by 9.3% in the 2nd quarter. VCI Wealth Management LLC now owns 4,653 shares of the software maker's stock valued at $3,665,000 after purchasing an additional 395 shares during the last quarter. Klingman & Associates LLC bought a new position in Intuit in the 2nd quarter valued at $530,000. Finally, Avidian Wealth Enterprises LLC bought a new position in Intuit in the 2nd quarter valued at $382,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the company'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 sale, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Scott D. Cook sold 529 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,407 shares of company stock worth $1,614,913. 2.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Intuit from a "hold" rating to a "buy" rating in a research report on Sunday, October 12th. Oppenheimer lifted their price objective on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. BMO Capital Markets lifted their price objective on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Citigroup cut their price objective on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, Rothschild & Co Redburn lifted their price objective on Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

Intuit Trading Up 1.5%

INTU stock opened at $675.04 on Wednesday. The company has a market cap of $188.20 billion, a P/E ratio of 49.13, a PEG ratio of 2.57 and a beta of 1.25. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. 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 business has a fifty day moving average of $673.93 and a 200-day moving average of $696.36.

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

Intuit Increases Dividend

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

About Intuit

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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