Institutional Investors Increase Stakes in Intuit Inc. (INTU)

In-Depth Analysis

Several institutional investors have adjusted their positions in Intuit (NASDAQ:INTU?ref=yanuki.com). Findlay Park Partners LLP boosted its holdings by 1.4%, now owning 395,145 shares worth $242.6 million. Quantitative Investment Management LLC established a new position, acquiring 2,050 shares valued at $1.26 million. Harvest Portfolios Group Inc. increased its stake by 4.2%, holding 40,837 shares valued at $25.07 million.

Other firms like APG Asset Management N.V., Smartleaf Asset Management LLC, and Kestra Advisory Services LLC also increased their positions. However, insider activity shows a different trend, with executives like Scott D. Cook and Sandeep Aujla selling shares. Despite these sales, institutional ownership remains strong.

Analysts have weighed in on Intuit, with ratings ranging from "Buy" to "Hold." Price targets vary, with some firms reducing their targets while others increase them. The consensus rating is "Moderate Buy," with an average price target of $797.62. Intuit recently reported earnings of $2.75 EPS, beating estimates, and has set its Q1 2026 guidance at 3.050-3.120 EPS.

Intuit also increased its quarterly dividend to $1.20 per share, payable on October 17th to shareholders of record on October 9th. This represents an annualized dividend of $4.80 and a yield of 0.7%.

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FAQ

What was the increase in Intuit's dividend?

Intuit increased its quarterly dividend to $1.20 per share from $1.04 per share.

What is the consensus analyst rating for Intuit?

The consensus analyst rating is "Moderate Buy" with an average price target of $797.62.

What percentage of Intuit's stock is owned by institutional investors?

Institutional investors own 83.66% of Intuit's stock.

Takeaways

Institutional investors are showing confidence in Intuit's future by increasing their stakes.
Intuit's dividend increase provides additional value to shareholders.
Analyst ratings suggest a positive outlook for the stock, despite some price target reductions.
Monitor insider trading activity for potential shifts in sentiment.

Discussion

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Sources

Findlay Park Partners LLP Raises Stake in Intuit Inc. $INTU Quantitative Investment Management LLC Makes New $1.26 Million Investment in Intuit Inc. $INTU Harvest Portfolios Group Inc. Buys 1,638 Shares of Intuit Inc. $INTU

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