Intuit Inc. $INTU is Westpac Banking Corp's 10th Largest Position

Westpac Banking Corp trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,322 shares of the software maker's stock after selling 2,011 shares during the period. Intuit makes up about 1.2% of Westpac Banking Corp's investment portfolio, making the stock its 10th largest holding. Westpac Banking Corp's holdings in Intuit were worth $18,369,000 at the end of the most recent quarter.

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Several other hedge funds have also recently modified their holdings of INTU. Nuveen LLC bought a new stake in Intuit in the 1st quarter worth about $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the 1st quarter valued at about $785,564,000. Price T Rowe Associates Inc. MD grew its stake in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after acquiring an additional 649,212 shares during the period. Wellington Management Group LLP raised its holdings in shares of Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after purchasing an additional 358,328 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Intuit by 1.1% during the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after purchasing an additional 294,993 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Price Performance

NASDAQ INTU opened at $662.41 on Friday. The company has a market capitalization of $184.68 billion, a PE ratio of 48.21, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The business's fifty day moving average is $667.47 and its 200 day moving average is $706.62. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

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Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the prior year, the business posted $1.99 earnings per share. The business's quarterly 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. Sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were 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 was Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 34.93%.

Analyst Ratings Changes

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INTU has been the topic of several research reports. Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a report on Sunday, October 12th. Royal Bank Of Canada reissued an "outperform" rating and set a $850.00 price target on shares of Intuit in a report on Tuesday, September 2nd. Citigroup cut their price objective on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. JPMorgan Chase & Co. reduced their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $791.82.

Check Out Our Latest Report on Intuit

Insider Buying and Selling at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction that occurred on 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 transaction, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The stock was 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,407 shares of company stock valued at $1,614,913 over the last 90 days. 2.68% of the stock is currently owned by corporate insiders.

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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