Private Trust Co. NA Sells 74 Shares of Intuit Inc. $INTU

Private Trust Co. NA trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 845 shares of the software maker’s stock after selling 74 shares during the period. Private Trust Co. NA’s holdings in Intuit were worth $666,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of INTU. Dogwood Wealth Management LLC increased its stake in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares during the period. RMG Wealth Management LLC purchased a new position in shares of Intuit in the second quarter worth $37,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Intuit by 1,566.7% in 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 raised its holdings in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in Intuit during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on INTU. BMO Capital Markets upped their price objective on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Oppenheimer upped their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. KeyCorp cut their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. CLSA started coverage on Intuit in a research note on Thursday, June 26th. They set an “outperform” rating and a $900.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. One investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred 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 owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,407 shares of company stock worth $1,614,913. 2.68% of the stock is currently owned by company insiders.

Intuit Trading Up 2.2%

INTU opened at $661.39 on Friday. 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 Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The stock has a market cap of $184.40 billion, a PE ratio of 48.14, a PEG ratio of 2.55 and a beta of 1.25. The business has a 50 day moving average of $675.52 and a 200-day moving average of $695.11.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data 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. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. Equities research analysts predict 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. Investors of record on Thursday, October 9th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s payout ratio is presently 34.93%.

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.