Schroder Investment Management Group Decreases Stake in Intuit Inc. $INTU

Key Points

• Schroder Investment Management Group trimmed its position in Intuit by 5.7% in Q3, selling 41,297 shares and now holding 680,467 shares (about 0.24% of the company) valued at ~$464.7 million.
• Intuit beat expectations for the quarter with EPS of $4.15 (vs. $3.68 est.) and revenue of $4.65 billion (up 17.4% YoY), and set FY2026 guidance of roughly 22.98–23.18 EPS.
• Several brokerages have recently lowered price targets, but the consensus remains a "Moderate Buy" with an average target of $642.32, while insiders have sold 194,596 shares (~$128.7 million) in the past 90 days.

Schroder Investment Management Group lessened its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 680,467 shares of the software maker's stock after selling 41,297 shares during the period. Schroder Investment Management Group owned about 0.24% of Intuit worth $464,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker's stock valued at $19,546,243,000 after buying an additional 914,024 shares during the last quarter. State Street Corp lifted its stake in Intuit by 1.0% during the second quarter. State Street Corp now owns 12,724,323 shares of the software maker's stock worth $10,022,059,000 after purchasing an additional 125,990 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Intuit by 1.8% in the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker's stock valued at $5,042,107,000 after purchasing an additional 115,721 shares in the last quarter. Norges Bank purchased a new position in Intuit in the second quarter valued at approximately $3,268,830,000. Finally, Invesco Ltd. increased its stake in Intuit by 13.2% in the second quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker's stock valued at $2,745,492,000 after purchasing an additional 407,078 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Scott D. Cook sold 1,402 shares of the firm's stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the sale, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the business's stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer owned 536 shares in the company, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 194,596 shares of company stock valued at $128,706,764 in the last ninety days. Company insiders own 2.49% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on INTU. KeyCorp reduced their price objective on shares of Intuit from $750.00 to $520.00 and set an "overweight" rating for the company in a research report on Friday, February 27th. Evercore reiterated an "outperform" rating and set a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Barclays reduced their price target on shares of Intuit from $785.00 to $540.00 and set an "overweight" rating for the company in a research report on Monday, February 23rd. BMO Capital Markets decreased their price objective on shares of Intuit from $624.00 to $550.00 and set an "outperform" rating for the company in a research note on Friday, February 27th. Finally, Royal Bank Of Canada dropped their price objective on Intuit from $850.00 to $600.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $642.32.

Intuit Stock Up 3.1%

INTU stock opened at $481.17 on Monday. The company has a market cap of $133.07 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 1.93 and a beta of 1.27. The company has a fifty day moving average price of $503.41 and a 200 day moving average price of $607.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the firm posted $3.32 EPS. Intuit's revenue for the quarter was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.0%. Intuit's dividend payout ratio (DPR) is currently 31.09%.

Intuit Profile

Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

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