Robeco Institutional Asset Management B.V. Has $108.67 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 47.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,986 shares of the software maker's stock after selling 160,737 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.06% of Intuit worth $108,668,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new stake in Intuit in the 4th quarter valued at $25,000. NewSquare Capital LLC lifted its holdings in shares of Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after acquiring an additional 18 shares during the period. Summit Securities Group LLC bought a new stake in shares of Intuit in the 4th quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit during the 4th quarter worth about $28,000. Finally, VSM Wealth Advisory LLC bought a new position in Intuit during the 4th quarter valued at about $35,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intuit news, insider Scott D. Cook sold 62,816 shares of the business's stock in a transaction dated Monday, June 9th. The stock was 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 now directly owns 6,000,679 shares of the company's stock, valued at approximately $4,596,460,107.21. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark P. Notarainni sold 469 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $725.00, for a total value of $340,025.00. Following the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $13,775. This represents a 96.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 271,158 shares of company stock worth $202,989,194. Insiders own 2.68% of the company's stock.

Intuit Stock Down 0.2%

Shares of NASDAQ:INTU opened at $757.86 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $211.41 billion, a price-to-earnings ratio of 61.51, a P/E/G ratio of 3.38 and a beta of 1.28. The company has a 50 day moving average of $692.96 and a 200-day moving average of $636.84. Intuit Inc. has a one year low of $532.65 and a one year high of $773.45.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping analysts' consensus estimates of $10.89 by $0.76. The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The business's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.88 EPS. On average, sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 10th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's payout ratio is 33.77%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. UBS Group set a $750.00 target price on Intuit and gave the stock a "neutral" rating in a report on Friday, May 23rd. Citigroup restated a "buy" rating and set a $789.00 price target (up from $726.00) on shares of Intuit in a research report on Friday, May 23rd. Jefferies Financial Group set a $850.00 price objective on Intuit and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, The Goldman Sachs Group boosted their price objective on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $787.95.

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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