Nippon Life Global Investors Americas Inc. Purchases 12,770 Shares of Intuit Inc. $INTU

Key Points

• Nippon Life Global Investors Americas Inc. increased its stake in Intuit Inc. by 15.9%, owning 93,010 shares valued at $57.11 million as of the latest quarter.
• Intuit reported quarterly earnings of $2.75 per share, exceeding expectations, and plans to pay a raised dividend of $1.20 per share on October 17th.
• The stock has been rated "Moderate Buy" by analysts, with an average price target of $797.62, while institutional investors hold approximately 83.66% of Intuit's shares.

Nippon Life Global Investors Americas Inc. increased its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 15.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 93,010 shares of the software maker's stock after buying an additional 12,770 shares during the period. Intuit comprises approximately 2.8% of Nippon Life Global Investors Americas Inc.'s holdings, making the stock its 11th biggest position. Nippon Life Global Investors Americas Inc.'s holdings in Intuit were worth $57,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of INTU. Decatur Capital Management Inc. boosted its holdings in shares of Intuit by 0.3% during the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock worth $3,069,000 after buying an additional 16 shares during the period. Financial Management Professionals Inc. raised its holdings in Intuit by 18.4% in the 1st quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock worth $71,000 after acquiring an additional 18 shares during the period. Chris Bulman Inc lifted its position in Intuit by 1.2% during the 1st quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock worth $935,000 after acquiring an additional 18 shares during the last quarter. Cascade Investment Group Inc. boosted its holdings in Intuit by 0.8% during the first quarter. Cascade Investment Group Inc. now owns 2,413 shares of the software maker's stock valued at $1,482,000 after acquiring an additional 18 shares during the period. Finally, Kolinsky Wealth Management LLC boosted its holdings in Intuit by 1.6% during the fourth quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock valued at $749,000 after acquiring an additional 19 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Scott D. Cook sold 62,816 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $765.99, for a total value of $48,116,427.84. Following the completion of the transaction, the insider owned 6,000,679 shares in the company, valued at approximately $4,596,460,107.21. This represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the transaction, the executive vice president owned 19 shares of the company's stock, valued at approximately $14,704.10. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,029 shares of company stock worth $55,231,998. Insiders own 2.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. CLSA assumed coverage on Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective on the stock. Morgan Stanley dropped their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. UBS Group dropped their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. dropped their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the company an "overweight" rating in a research note on Friday, June 13th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Stock Performance

NASDAQ:INTU traded up $4.53 during trading hours on Friday, hitting $672.82. 1,614,052 shares of the company traded hands, compared to its average volume of 2,172,303. The stock has a market capitalization of $187.58 billion, a price-to-earnings ratio of 48.97, a P/E/G ratio of 2.60 and a beta of 1.26. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The firm has a 50-day moving average of $737.50 and a 200 day moving average of $681.31. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

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 the consensus estimate 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 net margin of 20.55% and a return on equity of 22.72%. The business'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, analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

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.