Livforsakringsbolaget Skandia Omsesidigt Acquires 57,600 Shares of Intuit Inc. $INTU

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Intuit Inc. by 503.7%, owning 69,035 shares now valued at approximately $54.4 million.
• Intuit recently declared a quarterly dividend of $1.20 per share, an increase from the previous $1.04, with a payment date set for October 17th.
• Analysts have mixed ratings on Intuit, with price targets ranging from $725 to $870, as the company aims for 14.09 EPS this fiscal year.

Livforsakringsbolaget Skandia Omsesidigt grew its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 503.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,035 shares of the software maker's stock after acquiring an additional 57,600 shares during the period. Intuit comprises approximately 0.1% of Livforsakringsbolaget Skandia Omsesidigt's investment portfolio, making the stock its 12th biggest position. Livforsakringsbolaget Skandia Omsesidigt's holdings in Intuit were worth $54,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in Intuit by 69,701.9% during the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after buying an additional 2,821,534 shares in the last quarter. Nuveen LLC purchased a new position in shares of Intuit during the 1st quarter worth $882,031,000. Nicholas Hoffman & Company LLC. purchased a new position in Intuit during the first quarter worth about $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Intuit by 33.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after acquiring an additional 771,232 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after purchasing an additional 649,212 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In related news, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit 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 transaction, the director owned 14,475 shares of the company's stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,879 shares of company stock worth $7,558,613 over the last three months. Corporate insiders own 2.68% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on INTU. Royal Bank Of Canada reissued an "outperform" rating and issued a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. decreased their price target on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Susquehanna reaffirmed a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Piper Sandler reaffirmed an "overweight" rating and set a $825.00 price objective (up from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, Morgan Stanley decreased their price target on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. One equities 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 given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $797.62.

Intuit Stock Up 1.9%

NASDAQ:INTU traded up $12.96 during trading hours on Friday, hitting $687.92. 4,062,723 shares of the company's stock traded hands, compared to its average volume of 2,166,550. The firm has a market cap of $191.79 billion, a P/E ratio of 50.07, a P/E/G ratio of 2.61 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The stock's fifty day moving average price is $715.45 and its two-hundred day moving average price is $685.06. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) 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 analyst estimates of $3.75 billion. During the same quarter last year, the firm posted $1.99 EPS. The company's revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. This is a positive change from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's dividend payout ratio is currently 30.28%.

About Intuit

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.