Meiji Yasuda Life Insurance Co Sells 2,331 Shares of Intuit Inc. $INTU

Key Points

• Meiji Yasuda Life Insurance Co reduced its stake in Intuit Inc. by 11.5% during the first quarter, now holding 17,885 shares valued at approximately $10.98 million.
• Intuit recently declared a quarterly dividend of $1.20, representing a 0.7% annual yield, an increase from the previous dividend of $1.04.
• The company reported a 20.3% year-over-year revenue increase, with last quarter's revenue reaching $3.83 billion, surpassing analyst expectations.

Meiji Yasuda Life Insurance Co lessened its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,885 shares of the software maker's stock after selling 2,331 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Intuit were worth $10,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new stake in Intuit during the 4th quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit during the fourth quarter worth $28,000. Vista Cima Wealth Management LLC bought a new position in Intuit in the 1st quarter valued at approximately $31,000. TD Capital Management LLC boosted its position in Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in Intuit in the first quarter valued at approximately $37,000. 83.66% of the stock is owned by institutional investors.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total value of $255,887.19. Following the sale, the director directly owned 15,474 shares of the company's stock, valued at $11,890,685.82. The trade was a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,213 shares of company stock worth $7,115,570. Company insiders own 2.68% of the company's stock.

Intuit Trading Up 0.7%

Shares of INTU opened at $672.82 on Monday. The firm has a market capitalization of $187.58 billion, a price-to-earnings ratio of 48.97, a PEG ratio of 2.60 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm's 50-day moving average price is $737.50 and its 200-day moving average price is $681.31. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the business posted $1.99 EPS. The firm's revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on INTU. CLSA initiated coverage on shares of Intuit in a research note on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target for the company. Susquehanna restated a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Stifel Nicolaus lowered their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. BMO Capital Markets boosted their price objective on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit 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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