Avanza Fonder AB Acquires 18,918 Shares of Intuit Inc. $INTU

Key Points

• Avanza Fonder AB increased its stake in Intuit Inc. by 5,436.2%, acquiring nearly 19,266 shares valued at approximately $15 million in the second quarter.
• Analysts have set varying price targets for Intuit Inc., with Wells Fargo recommending a target price of $880, while UBS Group lowered their target to $725.
• Intuit Inc. will pay a quarterly dividend of $1.20 starting on October 17th, reflecting an increased annualized dividend payout and a yield of 0.7%.

Avanza Fonder AB boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 5,436.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,266 shares of the software maker's stock after buying an additional 18,918 shares during the quarter. Avanza Fonder AB's holdings in Intuit were worth $15,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KMG Fiduciary Partners LLC grew its position in shares of Intuit by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker's stock valued at $607,000 after purchasing an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker's stock valued at $296,000 after purchasing an additional 14 shares during the last quarter. Peloton Wealth Strategists grew its position in shares of Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock valued at $2,710,000 after purchasing an additional 15 shares during the last quarter. Decatur Capital Management Inc. grew its position in shares of Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after purchasing an additional 16 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in Intuit by 18.4% during the first quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock worth $71,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an "overweight" rating in a research report on Friday, June 13th. KeyCorp reduced their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Stifel Nicolaus reduced their price target on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Price Performance

INTU stock traded up $14.17 during midday trading on Monday, reaching $702.09. 2,403,184 shares of the stock were exchanged, compared to its average volume of 1,850,083. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a fifty day moving average price of $715.45 and a 200 day moving average price of $686.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $195.74 billion, a PE ratio of 51.10, a P/E/G ratio of 2.66 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $1.99 earnings per share. 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 expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders 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 dividend yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is presently 30.28%.

Insider Activity at Intuit

In other news, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,879 shares of company stock valued at $7,558,613. Corporate 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.