APG Asset Management N.V. Acquires 7,030 Shares of Intuit Inc. $INTU

Key Points

• APG Asset Management N.V. increased its stake in Intuit Inc. by acquiring 7,030 additional shares, bringing its total ownership to 294,429 shares valued at approximately $167.35 million.
• Several institutional investors have shown interest in Intuit, with 83.66% of the company's stock now being held by institutional investors.
• Intuit's stock has experienced a 5.0% decline, with analysts maintaining a consensus rating of "Moderate Buy" and a target price averaging around $797.62.

APG Asset Management N.V. boosted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 294,429 shares of the software maker's stock after acquiring an additional 7,030 shares during the period. APG Asset Management N.V. owned 0.11% of Intuit worth $167,355,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of INTU. Copia Wealth Management bought a new position in Intuit during the fourth quarter valued at $25,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit during the 4th quarter valued at $28,000. Olde Wealth Management LLC bought a new position in shares of Intuit during the 1st quarter worth $37,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Intuit by 523.1% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock worth $50,000 after acquiring an additional 68 shares during the period. Finally, Hughes Financial Services LLC purchased a new stake in Intuit in the 1st quarter worth about $50,000. 83.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Scott D. Cook sold 529 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sandeep Aujla sold 42 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of the transaction, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 149,650 shares of company stock worth $113,959,883 in the last 90 days. 2.68% of the stock is currently owned by company insiders.

Intuit Price Performance

INTU traded up $2.58 during midday trading on Tuesday, hitting $659.54. The stock had a trading volume of 3,762,506 shares, compared to its average volume of 2,044,962. The company has a market cap of $183.98 billion, a P/E ratio of 42.99, a price-to-earnings-growth ratio of 2.57 and a beta of 1.28. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The business has a fifty day moving average of $754.86 and a 200 day moving average of $676.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company 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 company earned $1.99 EPS. The firm's 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. As a group, equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a $1.20 dividend. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is presently 30.28%.

Analysts Set New Price Targets

INTU has been the subject of a number of research reports. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the stock an "overweight" rating in a research report on Friday, June 13th. Morgan Stanley reduced their price objective on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday. Barclays dropped their target price on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research report on Friday. Citigroup reduced their price target on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday. Finally, Piper Sandler reissued an "overweight" rating and issued a $825.00 price target (up from $785.00) on shares of Intuit in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $797.62.

About Intuit

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.