Robinhood Asset Management LLC Invests $1.11 Million in Intuit Inc. $INTU

Robinhood Asset Management LLC bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,673 shares of the software maker’s stock, valued at approximately $1,108,000.

Other large investors have also bought and sold shares of the company. NEOS Investment Management LLC raised its stake in Intuit by 63.8% during the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after buying an additional 47,330 shares during the period. Varma Mutual Pension Insurance Co grew its stake in Intuit by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock valued at $30,771,000 after acquiring an additional 3,600 shares during the period. Nicholson Wealth Management Group LLC bought a new stake in shares of Intuit during the third quarter valued at approximately $1,465,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Intuit by 15.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after purchasing an additional 6,503 shares in the last quarter. Finally, Magellan Asset Management Ltd lifted its stake in shares of Intuit by 8.4% in the third quarter. Magellan Asset Management Ltd now owns 285,052 shares of the software maker’s stock valued at $194,665,000 after buying an additional 22,051 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the transaction, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 41,666 shares of company stock valued at $26,958,599. 2.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on INTU. Northcoast Research upgraded shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 target price on the stock in a report on Friday, March 6th. Barclays reissued an “overweight” rating and set a $540.00 price objective on shares of Intuit in a report on Monday, March 16th. TD Cowen restated a “buy” rating on shares of Intuit in a report on Monday, March 16th. BNP Paribas Exane raised Intuit from an “underperform” rating to a “neutral” rating and set a $463.00 target price on the stock in a research report on Monday, March 16th. Finally, The Goldman Sachs Group lowered their price target on Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $638.06.

Intuit Stock Performance

INTU stock opened at $417.36 on Tuesday. The firm has a market cap of $115.42 billion, a PE ratio of 27.03, a P/E/G ratio of 1.70 and a beta of 1.21. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average of $433.77 and a 200-day moving average of $574.22. Intuit Inc. has a 12-month low of $349.00 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS 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 business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the company posted $3.32 earnings per share. Intuit’s quarterly revenue 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 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 given a dividend of $1.20 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.2%. Intuit’s dividend payout ratio is presently 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.