Generali Asset Management SPA SGR Has $19 Million Stake in Intuit Inc. $INTU

Key Points

• Generali Asset Management SPA SGR increased its stake in Intuit Inc. by 5.2% during Q2, owning 24,125 shares valued at approximately $19 million as per its latest SEC filing.
• Intuit reported earnings per share of $2.75 for the last quarter, exceeding analyst expectations, with quarterly revenue increasing by 20.3% year-over-year.
• The company declared a quarterly dividend of $1.20 per share, up from the previous $1.04, reflecting its commitment to returning value to shareholders.

Generali Asset Management SPA SGR grew its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,125 shares of the software maker's stock after purchasing an additional 1,186 shares during the period. Generali Asset Management SPA SGR's holdings in Intuit were worth $19,002,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in INTU. Ritholtz Wealth Management grew its position in shares of Intuit by 11.5% in the 2nd quarter. Ritholtz Wealth Management now owns 5,017 shares of the software maker's stock valued at $3,952,000 after buying an additional 516 shares during the last quarter. Curated Wealth Partners LLC increased its position in shares of Intuit by 1.1% during the 2nd quarter. Curated Wealth Partners LLC now owns 1,568 shares of the software maker's stock valued at $1,235,000 after purchasing an additional 17 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Intuit by 7.7% during the 2nd quarter. Harbour Investments Inc. now owns 363 shares of the software maker's stock worth $286,000 after purchasing an additional 26 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Intuit in the 2nd quarter worth about $777,000. Finally, Sagespring Wealth Partners LLC grew its position in Intuit by 21.0% during the second quarter. Sagespring Wealth Partners LLC now owns 3,887 shares of the software maker's stock valued at $3,061,000 after buying an additional 675 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction on Friday, October 3rd. The shares were 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. The trade was a 47.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction 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 approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock valued at $1,614,913 in the last quarter. Corporate insiders own 2.68% of the company's stock.

Intuit Price Performance

NASDAQ:INTU opened at $657.16 on Wednesday. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The stock has a fifty day moving average of $682.10 and a 200 day moving average of $694.33. 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 firm has a market capitalization of $183.22 billion, a price-to-earnings ratio of 47.83, a P/E/G ratio of 2.53 and a beta of 1.25.

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

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, October 9th. This is a boost from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio (DPR) is presently 34.93%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a "buy (b-)" rating on shares of Intuit in a research note on Wednesday, October 8th. Oppenheimer raised their target price on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. BMO Capital Markets upped their price target on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Stifel Nicolaus cut their price target on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, Bank of America decreased their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Intuit presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

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.

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