Intuit Inc. $INTU Shares Bought by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in Intuit Inc. by 11.3% during the 2nd quarter, bringing its total holdings to 123,145 shares valued at approximately $96.99 million.
• Intuit reported a quarterly EPS of $2.75, surpassing estimates by $0.09, and revenue of $3.83 billion, exceeding expectations, with a year-over-year revenue increase of 20.3%.
• The company announced a quarterly dividend increase to $1.20 per share, up from $1.04, with an annual yield now at 0.7%.

KLP Kapitalforvaltning AS grew its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,145 shares of the software maker's stock after acquiring an additional 12,530 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Intuit were worth $96,993,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of INTU. Brighton Jones LLC raised its stake in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after purchasing an additional 482 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Intuit during the first quarter valued at about $92,000. Wealth Group Ltd. bought a new stake in shares of Intuit during the first quarter valued at about $493,000. Finally, Miracle Mile Advisors LLC raised its stake in shares of Intuit by 11.4% during the first quarter. Miracle Mile Advisors LLC now owns 4,721 shares of the software maker's stock valued at $2,898,000 after purchasing an additional 482 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Price Performance

NASDAQ INTU opened at $670.09 on Tuesday. The stock's 50-day moving average price is $698.38 and its two-hundred day moving average price is $693.21. 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 company has a market cap of $186.82 billion, a PE ratio of 48.77, a PEG ratio of 2.62 and a beta of 1.25. 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 posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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, analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is presently 30.28%.

Insiders Place Their Bets

In other Intuit news, Director Scott D. Cook sold 529 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The transaction 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 dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the sale, the chief financial officer owned 831 shares in the company, valued at approximately $552,606.69. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,570 shares of company stock worth $1,078,640. Company insiders own 2.68% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. CLSA started coverage on shares of Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Rothschild & Co Redburn boosted their price target on shares of Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. Finally, Oppenheimer boosted their price target on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and an average target price of $791.82.

Intuit Company 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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