Intuit Inc. $INTU Position Boosted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 11.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 123,145 shares of the software maker’s stock after purchasing an additional 12,530 shares during the period. KLP Kapitalforvaltning AS’s holdings in Intuit were worth $96,993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. KMG Fiduciary Partners LLC lifted its holdings in shares of Intuit by 1.8% during the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after buying an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after buying an additional 14 shares during the last quarter. Peloton Wealth Strategists lifted its holdings in shares of Intuit by 0.3% during the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after buying an additional 15 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in shares of Intuit by 0.9% during the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock worth $1,317,000 after buying an additional 15 shares during the last quarter. Finally, Decatur Capital Management Inc. lifted its holdings in shares of Intuit by 0.3% during the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock worth $3,069,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $670.09 on Tuesday. The business’s fifty day moving average price is $698.38 and its two-hundred day moving average price is $693.21. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The stock has a market capitalization of $186.82 billion, a price-to-earnings ratio of 48.77, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the business posted $1.99 earnings per share. The business’s revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit’s dividend payout ratio (DPR) is currently 30.28%.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of recent research reports. Citigroup cut their target price on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. UBS Group cut their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. JPMorgan Chase & Co. cut their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Stifel Nicolaus cut their target price on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 target price on Intuit and gave the company an “overweight” rating in a research note on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Insider Buying and Selling at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,570 shares of company stock worth $1,078,640 over the last three months. Company insiders own 2.68% of the company’s stock.

Intuit 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.