Northwest & Ethical Investments L.P. Sells 4,905 Shares of Intuit Inc. $INTU

Northwest & Ethical Investments L.P. reduced its stake in Intuit Inc. (NASDAQ:INTU) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,769 shares of the software maker’s stock after selling 4,905 shares during the period. Intuit makes up 1.0% of Northwest & Ethical Investments L.P.’s portfolio, making the stock its 14th biggest position. Northwest & Ethical Investments L.P.’s holdings in Intuit were worth $40,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MIG Capital LLC purchased a new stake in Intuit during the 2nd quarter valued at $2,147,000. Maia Wealth LLC purchased a new stake in shares of Intuit in the second quarter worth $219,000. Silphium Asset Management Ltd boosted its stake in Intuit by 5.4% in the 2nd quarter. Silphium Asset Management Ltd now owns 8,438 shares of the software maker’s stock worth $6,646,000 after purchasing an additional 429 shares during the period. J.W. Cole Advisors Inc. grew its stake in Intuit by 66.8% during the second quarter. J.W. Cole Advisors Inc. now owns 7,978 shares of the software maker’s stock valued at $6,284,000 after acquiring an additional 3,195 shares in the last quarter. Finally, Farmers National Bank bought a new position in Intuit during the second quarter valued at approximately $262,000. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated 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 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,836 shares of company stock valued at $1,235,203. 2.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays reduced their price objective on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Citigroup decreased their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Wolfe Research lowered their price objective on shares of Intuit from $900.00 to $870.00 in a research note on Friday, November 21st. KeyCorp cut their price target on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $798.13.

Intuit Price Performance

Shares of INTU opened at $648.07 on Wednesday. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The firm has a 50-day simple moving average of $666.27 and a two-hundred day simple moving average of $707.77. The stock has a market cap of $180.69 billion, a PE ratio of 47.17, a P/E/G ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the company posted $2.50 EPS. Intuit’s revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

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.