Asset Management One Co. Ltd. Grows Holdings in Intuit Inc. $INTU

Key Points

• Asset Management One Co. Ltd. increased its stake in Intuit Inc. by 4.9% during Q2, holding 126,304 shares valued at approximately $99.5 million.
• Multiple institutional investors have recently boosted their holdings in Intuit, including Nuveen LLC and Pictet Asset Management, highlighting growing interest in the company.
• Intuit declared a quarterly dividend of $1.20, up from $1.04, with an annualized yield of 0.7%, reflecting its commitment to returning value to shareholders.

Asset Management One Co. Ltd. raised its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,304 shares of the software maker's stock after buying an additional 5,947 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Intuit were worth $99,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in INTU. Nuveen LLC purchased a new stake in Intuit during the 1st quarter valued at approximately $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit during the 1st quarter valued at approximately $785,564,000. Price T Rowe Associates Inc. MD grew its holdings in Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after buying an additional 649,212 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Intuit by 55.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker's stock valued at $646,613,000 after buying an additional 375,742 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after buying an additional 358,328 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value 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 trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer 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. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 over the last three months. 2.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INTU. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 price objective on shares of Intuit in a report on Tuesday, September 2nd. KeyCorp cut their price objective on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Barclays cut their target price on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Rothschild & Co Redburn raised their target price on shares of Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a report on Tuesday, September 23rd. Finally, Stifel Nicolaus cut their target price on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $791.82.

Intuit Stock Up 1.0%

Shares of INTU opened at $677.72 on Friday. The company has a market cap of $188.95 billion, a PE ratio of 49.32, a P/E/G ratio of 2.59 and a beta of 1.25. The business has a fifty day moving average of $672.45 and a 200 day moving average of $697.02. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit's revenue was up 20.3% on a year-over-year basis. During the same period last year, the company earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were given a $1.20 dividend. This is a boost from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, October 9th. Intuit's dividend payout ratio is 34.93%.

Intuit Company 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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