Intuit Inc. $INTU Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Intuit Inc. by 28% during Q2, now holding approximately $11.52 million worth of shares.
• Intuit recently declared a quarterly dividend of $1.20 per share, up from the previous $1.04, highlighting its ongoing profitability and returning value to shareholders.
• The company reported earnings of $2.75 per share for the last quarter, surpassing analysts' expectations and indicating a 20.3% increase in revenue compared to the same period last year.

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 28.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,635 shares of the software maker's stock after purchasing an additional 3,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Intuit were worth $11,524,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in Intuit by 69,701.9% in the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after purchasing an additional 2,821,534 shares during the period. Nuveen LLC purchased a new stake in Intuit in the first quarter worth $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit in the first quarter worth $785,564,000. Price T Rowe Associates Inc. MD increased its stake in 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 worth $5,537,435,000 after purchasing an additional 649,212 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Intuit in the fourth quarter worth $237,244,000. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on INTU shares. JPMorgan Chase & Co. reduced their target price 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 lowered Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Oppenheimer increased their target price on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Barclays reduced their target price on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Finally, Stifel Nicolaus cut their price target on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Intuit currently has an average rating of "Moderate Buy" and an average target price of $791.82.

Insider Activity at Intuit

In other news, Director Scott D. Cook sold 529 shares of the business's 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the sale, the executive vice president owned 19 shares of the company's stock, valued at $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock valued at $7,558,613 in the last 90 days. 2.68% of the stock is currently owned by corporate insiders.

Intuit Stock Down 0.6%

NASDAQ INTU traded down $3.99 during trading on Tuesday, hitting $698.10. The company's stock had a trading volume of 804,133 shares, compared to its average volume of 1,844,374. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a market cap of $194.63 billion, a PE ratio of 50.81, a P/E/G ratio of 2.66 and a beta of 1.26. 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 business's 50 day simple moving average is $714.44 and its 200-day simple moving average is $686.73.

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 (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period last year, the business 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. On average, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

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

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.