Mitsubishi UFJ Asset Management UK Ltd. Buys 2,200 Shares of Intuit Inc. $INTU

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. increased its stake in Intuit Inc. by 61.1%, acquiring an additional 2,200 shares, which now represents 2.4% of its total holdings worth approximately $4.57 million.
• Intuit recently posted earnings of $2.75 per share, exceeding analysts' expectations and showing a year-over-year revenue increase of 20.3%.
• The company announced an increase in its quarterly dividend from $1.04 to $1.20 per share, set to be paid on October 17th, reflecting a positive outlook from the board.

Mitsubishi UFJ Asset Management UK Ltd. increased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 61.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,800 shares of the software maker's stock after acquiring an additional 2,200 shares during the period. Intuit accounts for about 2.4% of Mitsubishi UFJ Asset Management UK Ltd.'s holdings, making the stock its 9th largest position. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Intuit were worth $4,568,000 as of its most recent filing with the SEC.

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

Intuit Stock Down 1.7%

NASDAQ:INTU opened at $682.91 on Wednesday. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. 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 stock has a market cap of $190.40 billion, a price-to-earnings ratio of 49.70, a PEG ratio of 2.68 and a beta of 1.26. The stock has a 50-day moving average price of $706.99 and a two-hundred day moving average price of $690.46.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results 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. The firm had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company's revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. 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 of this dividend is Thursday, October 9th. Intuit's payout ratio is currently 30.28%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INTU. Stifel Nicolaus cut their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Oppenheimer boosted 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. UBS Group decreased their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Finally, KeyCorp decreased their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $791.82.

Insider Transactions at Intuit

In other news, Director Scott D. Cook sold 529 shares of the company's 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 transaction, the director directly owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Insiders sold 5,376 shares of company stock valued at $4,056,031 over the last three months. 2.68% of the stock is currently owned by corporate insiders.

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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