Schroder Investment Management Group Cuts Position in Intuit Inc. $INTU

Schroder Investment Management Group decreased its stake in Intuit Inc. (NASDAQ:INTU) by 5.7% in the 3rd quarter, Holdings Channel reports. The firm owned 680,467 shares of the software maker’s stock after selling 41,297 shares during the quarter. Schroder Investment Management Group’s holdings in Intuit were worth $464,698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC lifted its position in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after acquiring an additional 27 shares during the period. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit in the 2nd quarter worth approximately $28,000. True Wealth Design LLC increased its stake in Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Total Investment Management Inc. acquired a new position in Intuit during the second quarter worth $33,000. Finally, Kilter Group LLC purchased a new stake in Intuit during the second quarter worth $35,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Up 3.1%

Shares of NASDAQ INTU opened at $481.17 on Monday. The firm has a market cap of $133.07 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 1.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. Intuit Inc. has a 1 year low of $349.00 and a 1 year high of $813.70. The firm’s 50 day moving average price is $503.41 and its 200 day moving average price is $607.54.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the company posted $3.32 EPS. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. Intuit’s dividend payout ratio is currently 31.09%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on INTU. Scotiabank set a $575.00 price target on Intuit in a research report on Friday. The Goldman Sachs Group cut their target price on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. BMO Capital Markets lowered their price target on shares of Intuit from $624.00 to $550.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Stifel Nicolaus dropped their price objective on shares of Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $642.32.

Insider Activity at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the transaction, the director directly owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. This represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 194,596 shares of company stock valued at $128,706,764. Insiders own 2.49% of the company’s stock.

About Intuit

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.