Robeco Institutional Asset Management B.V. Buys 69,252 Shares of Intuit Inc. $INTU

Key Points

• Robeco Institutional Asset Management B.V. has increased its stake in Intuit Inc. by 39.1%, acquiring 69,252 additional shares for a total ownership of 246,238 shares valued at approximately $193.9 million.
• Several institutional investors, such as Nuveen LLC and Pictet Asset Management, have also recently bought or increased their stakes in Intuit, contributing to a total institutional ownership of 83.66%.
• Intuit announced a quarterly dividend increase to $1.20 per share from $1.04, with the dividend payout ratio currently at 30.28% and an annualized yield of 0.7%.

Robeco Institutional Asset Management B.V. lifted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 39.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 246,238 shares of the software maker's stock after buying an additional 69,252 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Intuit worth $193,944,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in INTU. Nuveen LLC bought a new stake in shares of Intuit in the first quarter valued at about $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit in the first quarter valued at about $785,564,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Intuit by 7.8% in the first 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 buying an additional 649,212 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of Intuit by 55.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker's stock valued at $646,613,000 after buying an additional 375,742 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after buying an additional 358,328 shares during the period. Institutional investors own 83.66% of the company's stock.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 42 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of the transaction, the chief financial officer owned 831 shares in the company, valued at $552,606.69. The trade was a 4.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Scott D. Cook sold 529 shares of the business's stock in a transaction that occurred on 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 owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,785 shares of company stock worth $2,029,299. Company insiders own 2.68% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on INTU. UBS Group cut their price target on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. 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 research note on Friday, August 22nd. KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Rothschild & Co Redburn raised their price target on shares of Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 23rd. Finally, Stifel Nicolaus cut their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $791.82.

Intuit Stock Performance

NASDAQ INTU opened at $679.50 on Thursday. The firm has a market cap of $189.44 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 2.64 and a beta of 1.25. The company has a 50 day moving average of $705.06 and a 200-day moving average of $690.39. 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 Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business posted $1.99 earnings per share. The company's revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts forecast 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 given a $1.20 dividend. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio is presently 30.28%.

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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