Intuit Inc. $INTU Shares Purchased by Tredje AP fonden

Tredje AP fonden raised its stake in Intuit Inc. (NASDAQ:INTU) by 92.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,176 shares of the software maker’s stock after buying an additional 22,676 shares during the period. Tredje AP fonden’s holdings in Intuit were worth $31,250,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Joseph Group Capital Management acquired a new position in shares of Intuit in the 4th quarter worth $25,000. MTM Investment Management LLC lifted its holdings in shares of Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Intuit during the third quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares during the period. Finally, Steph & Co. boosted its position in shares of Intuit by 346.2% in the 4th quarter. Steph & Co. now owns 58 shares of the software maker’s stock valued at $38,000 after purchasing an additional 45 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Trading Up 2.6%

NASDAQ:INTU opened at $403.16 on Tuesday. The stock has a market cap of $111.49 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.58 and a beta of 1.04. Intuit Inc. has a fifty-two week low of $342.11 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s 50-day moving average is $412.33 and its two-hundred day moving average is $518.12.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The business had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.32 earnings per share. 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, equities research analysts forecast that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. Intuit’s dividend payout ratio (DPR) is 31.09%.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on INTU. Scotiabank set a $575.00 price objective on Intuit in a report on Friday, March 6th. Mizuho decreased their target price on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Weiss Ratings downgraded shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Jefferies Financial Group restated a “buy” rating on shares of Intuit in a report on Sunday, April 19th. Finally, Oppenheimer reduced their price target on shares of Intuit from $696.00 to $558.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus price target of $634.26.

Intuit Company 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.