Nissay Asset Management Corp Japan ADV Has $55.56 Million Stake in Intuit Inc. $INTU

Key Points

• Nissay Asset Management Corp Japan ADV reduced its stake in Intuit Inc. by 43.7%, owning 90,492 shares at a value of $55.56 million after selling 70,348 shares in the first quarter.
• Intuit reported $2.75 earnings per share for its last quarter, exceeding the estimated $2.66, alongside a revenue of $3.83 billion, up 20.3% from the previous year.
• The company has declared a quarterly dividend of $1.20 per share, an increase from the previous dividend of $1.04, with an annual yield of 0.7%.

Nissay Asset Management Corp Japan ADV trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 43.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,492 shares of the software maker's stock after selling 70,348 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Intuit were worth $55,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in INTU. Vanguard Group Inc. raised its stake in shares of Intuit by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after purchasing an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Intuit by 7.8% in 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 purchasing an additional 649,212 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Intuit by 6.8% in 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 purchasing an additional 358,328 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Intuit by 7.9% in the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock valued at $2,114,950,000 after purchasing an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after acquiring an additional 36,513 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuit

In related news, CFO Sandeep Aujla sold 2,591 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the completion of the sale, the chief financial officer directly owned 768 shares in the company, valued at approximately $600,744.96. This trade represents a 77.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott D. Cook sold 62,816 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the sale, the insider owned 6,000,679 shares of the company's stock, valued at $4,596,460,107.21. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,029 shares of company stock valued at $55,231,998. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Performance

Shares of NASDAQ:INTU traded up $4.53 during trading hours on Friday, hitting $672.82. The stock had a trading volume of 1,614,052 shares, compared to its average volume of 2,172,303. The stock's fifty day simple moving average is $737.50 and its 200 day simple moving average is $681.31. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. 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 debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly 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. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business earned $1.99 earnings per share. Intuit's revenue 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 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a dividend of $1.20 per share. 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 dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is 30.28%.

Analyst Ratings Changes

INTU has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Bank of America dropped their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the stock a "buy" rating in a research note on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $850.00 price target on shares of Intuit in a report on Tuesday, September 2nd. Finally, KeyCorp reduced their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average price target 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.