Lansforsakringar Fondforvaltning AB publ Increases Stake in Intuit Inc. $INTU

Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 13.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,673 shares of the software maker’s stock after purchasing an additional 11,597 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Intuit were worth $43,529,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GW&K Investment Management LLC boosted its position in Intuit by 8.6% during the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after acquiring an additional 16 shares during the last quarter. Cannell & Spears LLC raised its holdings in Intuit by 0.4% in the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock valued at $2,641,000 after acquiring an additional 16 shares during the last quarter. Betterment LLC raised its holdings in Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after acquiring an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. lifted its stake in Intuit by 4.7% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after purchasing an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. lifted its stake in Intuit by 0.4% in the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after purchasing an additional 17 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of Intuit stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares in the company, valued at $386,812.50. This trade represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,239 shares of company stock valued at $348,354. Company insiders own 2.49% of the company’s stock.

Intuit Stock Down 0.5%

Shares of NASDAQ INTU opened at $266.40 on Tuesday. The company has a market capitalization of $72.87 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The company has a 50 day simple moving average of $336.49 and a 200-day simple moving average of $443.36. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities research analysts predict that Intuit Inc. will post 18.19 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. Intuit’s dividend payout ratio is currently 29.07%.

Analyst Ratings Changes

INTU has been the subject of a number of analyst reports. BNP Paribas Exane dropped their price target on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. BMO Capital Markets reduced their price objective on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. TD Cowen lowered their price objective on Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Scotiabank set a $575.00 target price on Intuit in a report on Friday, March 6th. Finally, UBS Group cut their target price on Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $498.40.

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.