TD Waterhouse Canada Inc. Trims Stock Position in Intuit Inc. $INTU

Posted by Max Byerly on Jan 31st, 2026

TD Waterhouse Canada Inc. decreased its holdings in Intuit Inc. (NASDAQ:INTU – Free Report) by 38.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,006 shares of the software maker’s stock after selling 3,745 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Intuit were worth $4,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INTU. Norges Bank bought a new position in Intuit in the 2nd quarter worth $3,268,830,000. Nicholas Hoffman & Company LLC. purchased a new position in Intuit during the first quarter valued at approximately $785,564,000. Winslow Capital Management LLC purchased a new position in Intuit during the second quarter valued at approximately $782,677,000. Swedbank AB boosted its position in shares of Intuit by 575.4% in the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock worth $602,023,000 after purchasing an additional 751,027 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Intuit by 520.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 558,499 shares of the software maker’s stock worth $381,405,000 after purchasing an additional 468,547 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

NASDAQ INTU opened at $498.92 on Friday. The stock has a market capitalization of $138.83 billion, a PE ratio of 34.10, a P/E/G ratio of 2.05 and a beta of 1.25. Intuit Inc. has a 1-year low of $491.72 and a 1-year high of $813.70. The business has a 50 day simple moving average of $625.24 and a two-hundred day simple moving average of $668.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU – Get Free Report) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm posted $2.50 earnings per share. Intuit’s revenue for the quarter was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Insider Buying and Selling

In related news, 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 transaction of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Monday, December 29th. The stock was sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the transaction, the director directly owned 5,669,584 shares of the company’s stock, valued at $3,818,067,953.12. The trade was a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 388,464 shares of company stock worth $255,514,393. Insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

INTU has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a report on Thursday, January 22nd. Truist Financial initiated coverage on Intuit in a research report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective on the stock. Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Finally, Evercore ISI restated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $791.73.

Check Out Our Latest Stock Report on Intuit

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Mizuho reiterated an Outperform rating and an $875 price target, calling AI-related tax?filing worries overblown and defending Intuit’s moat — a bullish analyst anchor that can support a recovery. Mizuho Calls AI Tax Filing Worries Overblown for Intuit (INTU)
Positive Sentiment: Intuit expanded its AI tax and hiring capabilities — adding TurboTax Stores and integrations with Checkr — which highlights product-led revenue levers and cross?sell opportunities across TurboTax, QuickBooks and Credit Karma. Intuit Expands AI Tax And Hiring Platform With TurboTax Stores And Checkr
Neutral Sentiment: Management scheduled Q2 FY2026 results for Feb. 26 (quarter ended Jan. 31); upcoming results and guidance will be the next major catalyst. Intuit to Announce Second-Quarter Fiscal Year 2026 Results on Feb. 26
Neutral Sentiment: Intuit posted a shareholder/analyst call slideshow that may provide extra detail ahead of earnings; useful for parsing near?term revenue mix and margin assumptions. Intuit Inc. (INTU) Shareholder/Analyst Call – Slideshow
Negative Sentiment: A market commentary pointed out Intuit is down ~24% so far in 2026, noting the company still guides to double?digit fiscal?2026 growth but at a slower pace than last year — a growth?multiple compression driver. Intuit Stock Is Down 24% Already In 2026. Time to Buy?
Negative Sentiment: Shares hit a 52?week low amid the selloff, reflecting elevated investor concern and lower near?term sentiment — increases downside risk if next quarter’s results or guide miss expectations. Intuit stock hits 52-week low at 510.0 USD
Negative Sentiment: Media coverage noted INTU dipping more than the broader market, amplifying momentum selling and short?term technical pressure. Intuit (INTU) dips more than broader market: What you should know

About Intuit

(Free Report)

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.