Intuit Inc. $INTU Stock Position Raised by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in Intuit Inc. by 30.6%, acquiring a total of 875,558 shares valued at approximately $686.95 million.
• Intuit reported quarterly earnings of $2.75 per share, exceeding analyst expectations, with a revenue increase of 20.3% year-over-year to $3.83 billion.
• The company announced a dividend increase to $1.20 per share, marking an annualized dividend of $4.80, with a dividend yield of 0.7%.

Nordea Investment Management AB raised its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 30.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 875,558 shares of the software maker's stock after purchasing an additional 205,314 shares during the period. Nordea Investment Management AB owned 0.31% of Intuit worth $686,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. Dogwood Wealth Management LLC raised its stake in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after purchasing an additional 19 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit during the 1st quarter worth about $31,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after purchasing an additional 47 shares in the last quarter. TD Capital Management LLC increased its holdings in shares of Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new position in shares of Intuit in the 1st quarter valued at approximately $37,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

INTU opened at $646.99 on Friday. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The firm has a market capitalization of $180.38 billion, a P/E ratio of 47.09, a price-to-earnings-growth ratio of 2.52 and a beta of 1.25. The stock's 50 day moving average price is $677.27 and its two-hundred day moving average price is $694.27. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company 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 earned $1.99 EPS. Intuit's revenue for the quarter was up 20.3% compared to the same quarter last year. 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 forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently disclosed 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%. The ex-dividend date of this dividend is Thursday, October 9th. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is 34.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on INTU shares. CLSA started coverage on Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective on the stock. Barclays cut their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. cut their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Finally, Oppenheimer raised their price objective on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $791.82.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares of the company's stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is 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.

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