BI Asset Management Fondsmaeglerselskab A S Acquires 13,098 Shares of Intuit Inc. $INTU

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 27.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,447 shares of the software maker’s stock after acquiring an additional 13,098 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Intuit were worth $48,398,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its stake in shares of Intuit by 9.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after acquiring an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Intuit during the second quarter valued at $1,733,000. denkapparat Operations GmbH purchased a new stake in shares of Intuit during the second quarter valued at $830,000. New York Life Investment Management LLC grew its holdings in shares of Intuit by 1.1% in the second quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock worth $32,947,000 after purchasing an additional 442 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Intuit by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock worth $5,205,000 after buying an additional 152 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Stock Performance

Shares of INTU stock opened at $670.92 on Friday. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The business’s fifty day simple moving average is $656.94 and its 200-day simple moving average is $705.25. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The company has a market cap of $186.70 billion, a PE ratio of 45.86, a PEG ratio of 2.77 and a beta of 1.27.

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 the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business earned $2.50 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be paid a $1.20 dividend. The ex-dividend date is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 32.81%.

Insiders Place Their Bets

In related news, Director Scott D. Cook sold 74,095 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $655.78, for a total value of $48,590,019.10. Following the transaction, the director directly owned 5,819,584 shares of the company’s stock, valued at $3,816,366,795.52. This represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 269,799 shares of company stock valued at $176,627,160. Insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Evercore ISI reissued an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Bank of America decreased their target price on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Wells Fargo & Company dropped their price target on Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. Finally, KeyCorp decreased their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.