Schroder Investment Management Group Acquires 79,197 Shares of Intuit Inc. $INTU

Schroder Investment Management Group lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 12.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 721,764 shares of the software maker’s stock after purchasing an additional 79,197 shares during the quarter. Schroder Investment Management Group owned about 0.26% of Intuit worth $568,483,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its position in Intuit by 540.0% in 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 in the last quarter. Westside Investment Management Inc. raised its stake in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares during the period. Dogwood Wealth Management LLC boosted its stake in shares of Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after buying an additional 19 shares during the period. True Wealth Design LLC raised its holdings 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 acquiring an additional 27 shares in the last quarter. Finally, Vista Cima Wealth Management LLC bought a new stake in shares of Intuit during the 1st quarter valued at $31,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of Intuit stock opened at $633.94 on Friday. The stock has a market cap of $176.49 billion, a price-to-earnings ratio of 46.14, a P/E/G ratio of 2.53 and a beta of 1.25. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company’s fifty day moving average is $663.60 and its 200 day moving average is $706.48. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, January 9th. Intuit’s payout ratio is presently 32.81%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This represents a 47.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,836 shares of company stock worth $1,235,203. Insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INTU shares. Citigroup dropped their price target on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Stifel Nicolaus dropped their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Bank of America lowered their target price on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Wolfe Research decreased their price target on shares of Intuit from $900.00 to $870.00 in a report on Friday, November 21st. Finally, Rothschild & Co Redburn raised their target price on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $798.20.

Intuit Company 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.