Lansforsakringar Fondforvaltning AB publ Sells 2,787 Shares of Intuit Inc. $INTU

Key Points

• Lansforsakringar Fondforvaltning AB has reduced its stake in Intuit Inc. by 3.0%, now owning 90,901 shares valued at approximately $55.8 million as of its latest SEC filing.
• Intuit's recent quarterly earnings surpassed analyst expectations, with reported earnings per share of $2.75 and revenue of $3.83 billion, marking a 20.3% year-over-year increase.
• The company has announced an increase in its quarterly dividend from $1.04 to $1.20, reflecting a commitment to returning value to shareholders.

Lansforsakringar Fondforvaltning AB publ cut its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,901 shares of the software maker's stock after selling 2,787 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Intuit were worth $55,812,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of INTU. Copia Wealth Management bought a new position in Intuit during the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC bought a new position in shares of Intuit during the 4th quarter worth about $28,000. Olde Wealth Management LLC acquired a new stake in shares of Intuit in the 1st quarter worth about $37,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Intuit by 523.1% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock worth $50,000 after purchasing an additional 68 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in Intuit during the 1st quarter valued at $50,000. Institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

Shares of INTU traded down $1.20 during trading hours on Friday, hitting $667.00. The company's stock had a trading volume of 1,594,076 shares, compared to its average volume of 2,167,229. The business has a 50 day simple moving average of $747.30 and a two-hundred day simple moving average of $677.70. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. The company has a market cap of $186.06 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 2.59 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm earned $1.99 EPS. Intuit's revenue for the quarter 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, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on INTU. Piper Sandler reissued an "overweight" rating and set a $825.00 target price (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. KeyCorp dropped their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. JPMorgan Chase & Co. dropped their target price on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. CLSA began coverage on shares of Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price on the stock. Finally, Stifel Nicolaus dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus 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 Intuit 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 completion of the transaction, the executive vice president owned 19 shares of the company's stock, valued at $14,704.10. The trade was a 98.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the transaction, the director directly owned 15,474 shares of the company's stock, valued at $11,890,685.82. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,817 shares of company stock worth $82,475,471 in the last three months. 2.68% of the stock is currently owned by corporate insiders.

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.