Wilmington Savings Fund Society FSB Has $19.41 Million Stock Position in Intuit Inc. $INTU

Key Points

• Wilmington Savings Fund Society FSB reduced its holdings in Intuit Inc. by 1.9%, retaining a position worth approximately $19.41 million as of the latest SEC filing.
• Intuit reported earnings of $2.75 per share for the last quarter, exceeding analyst expectations, while also raising its quarterly dividend from $1.04 to $1.20.
• Analysts have mixed ratings for Intuit, with a consensus rating of "Moderate Buy" and an average price target of $791.82 after recent adjustments.

Wilmington Savings Fund Society FSB reduced its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,640 shares of the software maker's stock after selling 475 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Intuit were worth $19,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INTU. Dogwood Wealth Management LLC increased its position in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after acquiring an additional 19 shares during the period. Vista Cima Wealth Management LLC acquired a new stake in shares of Intuit during the first quarter worth $31,000. CBIZ Investment Advisory Services LLC increased its position in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after buying an additional 47 shares during the period. TD Capital Management LLC increased its position in shares of Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after buying an additional 46 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in shares of Intuit during the first quarter worth $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on INTU shares. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. decreased their price objective on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Stifel Nicolaus decreased their price objective on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Intuit in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $791.82.

Intuit Stock Up 2.2%

Shares of NASDAQ INTU opened at $655.68 on Tuesday. The firm has a market cap of $182.80 billion, a PE ratio of 47.72, a P/E/G ratio of 2.48 and a beta of 1.25. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company's fifty day simple moving average is $684.34 and its 200 day simple moving average is $694.59. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm earned $1.99 earnings per share. Intuit's revenue was up 20.3% on a year-over-year basis. 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, sell-side analysts forecast 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 will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's payout ratio is 34.93%.

Insider Buying and Selling at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the firm's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares of the company's stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,407 shares of company stock valued at $1,614,913. Corporate insiders own 2.68% of the company's stock.

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.

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