E. Ohman J or Asset Management AB Boosts Stock Position in Intuit Inc. $INTU

Key Points

• E. Ohman J or Asset Management AB increased its holdings in Intuit Inc. by 73.8% in the second quarter, now owning 127,434 shares valued at approximately $100.37 million.
• Intuit reported $2.75 earnings per share for the last quarter, surpassing analyst expectations, with a revenue increase of 20.3% year-over-year.
• The company has announced a boost in its quarterly dividend to $1.20 per share, reflecting a new annualized dividend of $4.80 and a yield of 0.7%.

E. Ohman J or Asset Management AB raised its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 73.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,434 shares of the software maker's stock after acquiring an additional 54,117 shares during the quarter. Intuit makes up approximately 2.5% of E. Ohman J or Asset Management AB's holdings, making the stock its 8th largest position. E. Ohman J or Asset Management AB's holdings in Intuit were worth $100,371,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Intuit by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after purchasing an additional 82,419 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Intuit by 22.1% in the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after purchasing an additional 8,510 shares in the last quarter. Circle Wealth Management LLC boosted its position in shares of Intuit by 33.4% in the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after purchasing an additional 865 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its position in shares of Intuit by 3.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after purchasing an additional 623 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Price Performance

Shares of INTU opened at $646.03 on Monday. The firm has a market cap of $180.12 billion, a PE ratio of 47.02, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $725.50 and a two-hundred day simple moving average of $684.04. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its 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. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is presently 34.93%.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of analyst reports. Evercore ISI boosted their price target on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. CLSA began coverage on shares of Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. Susquehanna restated a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Bank of America decreased their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Piper Sandler restated an "overweight" rating and issued a $825.00 price objective (up from $785.00) on shares of Intuit in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $797.62.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the sale, the executive vice president directly owned 19 shares in the company, valued at approximately $14,704.10. The trade was a 98.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $27,929.58. Following the sale, the chief financial officer owned 831 shares of the company's stock, valued at approximately $552,606.69. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is owned by corporate insiders.

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.

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