Danica Pension Livsforsikringsaktieselskab Makes New $4.95 Million Investment in Intuit Inc. $INTU

Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 18,971 shares of the software maker's stock, valued at approximately $4,951,000.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Intuit during the 2nd quarter valued at about $6,851,859,000. Norges Bank purchased a new position in shares of Intuit in the fourth quarter worth approximately $3,058,407,000. Bank of New York Mellon Corp purchased a new position in shares of Intuit in the second quarter worth approximately $564,592,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock worth $1,684,795,000 after buying an additional 1,972,719 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Intuit in the second quarter worth approximately $426,641,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on INTU. Evercore reissued an "outperform" rating on shares of Intuit in a report on Tuesday, August 18th. Truist Financial lowered their price target on shares of Intuit from $350.00 to $300.00 and set a "hold" rating on the stock in a report on Wednesday, August 26th. Oppenheimer lowered their target price on shares of Intuit from $406.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, August 26th. Morgan Stanley decreased their price target on shares of Intuit from $335.00 to $315.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 26th. Finally, Argus cut their price target on shares of Intuit from $580.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, May 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Intuit currently has a consensus rating of "Hold" and an average target price of $434.68.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 284 shares of the company's stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director directly owned 11,758 shares of the company's stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,146 shares of company stock worth $662,666 over the last 90 days. Insiders own 2.49% of the company's stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a partnership with Perplexity to integrate QuickBooks and Mailchimp into Perplexity Computer, an agentic AI assistant. The collaboration could help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management
• Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings

Intuit Price Performance

INTU stock traded up $1.45 during midday trading on Monday, reaching $359.51. The stock had a trading volume of 1,842,109 shares, compared to its average volume of 4,382,581. The company's fifty day simple moving average is $307.36 and its 200 day simple moving average is $356.13. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.34. The company has a market cap of $98.34 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $705.08.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company's quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, sell-side analysts predict that Intuit Inc. will post 23.07 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be paid a dividend of $1.38 per share. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. Intuit's payout ratio is currently 33.45%.

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.