Nichols & Pratt Advisers LLP MA Acquires 1,493 Shares of Intuit Inc. $INTU

Nichols & Pratt Advisers LLP MA lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,887 shares of the software maker’s stock after acquiring an additional 1,493 shares during the period. Intuit accounts for about 2.2% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 15th biggest holding. Nichols & Pratt Advisers LLP MA’s holdings in Intuit were worth $34,751,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in INTU. Sequoia Financial Advisors LLC boosted its position in shares of Intuit by 9.0% during the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after acquiring an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Intuit in the 2nd quarter valued at $1,733,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Intuit by 11.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,211 shares of the software maker’s stock worth $99,166,000 after purchasing an additional 15,471 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Intuit by 19.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock valued at $20,182,000 after purchasing an additional 4,913 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC purchased a new position in shares of Intuit during the third quarter valued at about $1,465,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the transaction, the chief financial officer owned 536 shares of the company’s stock, valued at $337,390.56. This represents a 71.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 388,464 shares of company stock worth $255,514,393. Corporate insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. Wolfe Research decreased their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. KeyCorp lowered their target price on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $791.73.

Intuit Stock Down 2.4%

Shares of INTU opened at $487.12 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $621.92 and a 200 day moving average of $665.52. The company has a market cap of $135.55 billion, a PE ratio of 33.30, a P/E/G ratio of 2.04 and a beta of 1.24. Intuit Inc. has a 52-week low of $486.62 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last announced 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. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, January 9th. Intuit’s payout ratio is 32.81%.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.