Quilter 13F: Cuts Intuit (INTU) Stake by $3.8M

Quilter lowered its stake in Intuit Inc. INTU by 13,770 shares during the quarter, according to a Form 13F filed with the Securities and Exchange Commission on October 21, 2026. The filing reveals that the firm owned 36,266 shares of the software maker at the end of the period, with a reported value of $9,998,899. Intuit shares closed at $335.61 on the filing date.

INTU Intuit Inc.

$335.61 ▼ -45.93% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Quilter's Intuit Position

Quilter held 50,036 shares of Intuit prior to this adjustment. By shedding 13,770 shares, the firm reduced its position by 27.5% down to 36,266 shares. The remaining stake carried a value of nearly $10.0 million as of the filing report.

Other Institutional Activity in Intuit

Other major institutional investors adjusted their positions around the same time. FIL Ltd grew its holdings by 3,225,579 shares, ending with 5,077,870 shares worth about $1,704,183,876.

Intuit Inc. Stock Up 2.8%

Intuit shares recently traded around $335.50 as of October 22, 2026, which is about equal to the $335.61 close on the filing date. The stock sits above its 50-day moving average of $321.02, but remains below its 200-day moving average of $370.75. Over the past year, the shares have traded as low as $252.84 and as high as $689.17.

Recent Earnings

Intuit generated trailing twelve-month revenue of $21.45 billion alongside earnings of $16.46 per share. The company posted a net profit margin of 21.3% and a return on equity of 23.6%. Its next earnings report is scheduled for November 19, 2026.

Dividend

Intuit pays an annual dividend rate of $5.52 per share, which translates to a dividend yield of 1.64%. The company pays out 29.2% of its earnings as dividends.

Insider Buying and Selling at Intuit Inc.

Company insiders have made transactions ahead of the filing. Officer Lauren Dale Hotz sold 906 shares on August 27, 2026, for a total value of $314,288. Later, on September 8, 2026, director Richard L. Dalzell sold 285 shares at an average price of $325.36 for a total value of $92,728.

Analysts Set New Price Targets

Wall Street research firms have updated their outlooks on the software provider in recent months. Evercore ISI Group reiterated an outperform rating with a $400.00 price target on September 18, 2026. Mizuho reiterated an outperform rating with a $430.00 target on the same day. Stifel reiterated a hold rating with a $300.00 target, while Truist Securities also reiterated a hold rating with a $300.00 target on September 18, 2026. RBC Capital later reiterated an outperform rating with a $385.00 price target on October 2, 2026. Overall, analysts hold a consensus buy recommendation on the stock with a mean price target of $406.92 based on 31 opinions.

About Intuit

Intuit Inc. builds software products that help consumers and businesses manage their finances, handle taxes, process payments, and run payroll. Well-known consumer offerings include TurboTax and QuickBooks, serving millions of individual users and small business owners alike. Institutional adjustments in companies like Intuit offer a window into how major investment managers navigate software sector valuations.

Bottom Line

Investors will look toward Intuit's upcoming earnings release on November 19, 2026, for further clues on business momentum. Future SEC filings will show whether other institutions follow Quilter in trimming exposure or choose to add shares.