Nordea Investment Management AB Sells 188,388 Shares of Intuit Inc. $INTU

Key Points

• Nordea Investment Management AB cut its stake in Intuit by 23.0%, selling 188,388 shares and ending the quarter with 631,567 shares worth about $419.93 million (≈0.23% of the company).
• Analysts have trimmed price targets (e.g., Oppenheimer to $558, Mizuho to $600, KeyCorp to $520), but consensus remains a Moderate Buy with an average target of $638.06, backed by Intuit's recent quarter that beat EPS and revenue and raised guidance.
• A U.S. appeals court tossed an FTC order restricting TurboTax "free" advertising — a material legal win that eases regulatory risk — and Intuit also announced a $1.20 quarterly dividend ($4.80 annualized, ~1.1% yield).

Nordea Investment Management AB lowered its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 23.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631,567 shares of the software maker's stock after selling 188,388 shares during the quarter. Nordea Investment Management AB owned about 0.23% of Intuit worth $419,929,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sagard Holdings Management Inc. bought a new stake in Intuit during the second quarter worth about $28,000. MTM Investment Management LLC increased its holdings in Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock valued at $32,000 after buying an additional 27 shares during the period. Total Investment Management Inc. acquired a new position in shares of Intuit in the 2nd quarter valued at approximately $33,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit in the 3rd quarter valued at approximately $33,000. Finally, Kilter Group LLC bought a new stake in shares of Intuit during the 2nd quarter worth approximately $35,000. Institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INTU. Oppenheimer reduced their price target on shares of Intuit from $696.00 to $558.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Mizuho lowered their price objective on shares of Intuit from $675.00 to $600.00 and set an "outperform" rating for the company in a research report on Monday, March 2nd. KeyCorp cut their target price on Intuit from $750.00 to $520.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. Daiwa Securities Group reduced their target price on Intuit from $800.00 to $640.00 and set a "buy" rating on the stock in a report on Thursday, March 5th. Finally, BMO Capital Markets lowered their price target on Intuit from $624.00 to $550.00 and set an "outperform" rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $638.06.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: U.S. appeals court tossed an FTC order that had barred Intuit from advertising TurboTax as "free" for simple returns — a material legal win that curtails a major regulatory overhang and potential compliance costs. US appeals court tosses FTC order against Intuit over TurboTax advertising
• Positive Sentiment: Morgan Stanley named Intuit a Top Pick and highlighted fiscal Q3 as a potential catalyst tied to tax-season visibility and growth — analyst endorsements can drive demand and support multiple expansion. Intuit stock rises after Morgan Stanley Top Pick designation
• Positive Sentiment: Ongoing buy-side and sell-side coverage is constructive — several outlets flag INTU as a buy/sales-growth name, reinforcing investor confidence ahead of tax-season results. Wall Street Analysts See Intuit (INTU) as a Buy: Should You Invest?
• Positive Sentiment: Underlying fundamentals remain supportive: Intuit beat last quarter's EPS and revenue (EPS $4.15 vs. $3.68 est.; revenue $4.65B vs. $4.53B) and provided FY/Q3 guidance — these results and guidance underpin the bullish analyst narratives.
• Neutral Sentiment: CEO Sasan Goodarzi gave interviews addressing canceled insider stock sales; management commentary aims to reassure investors but the coverage is informational rather than a direct catalyst. Watch CNBC's full interview with Intuit CEO Sasan Goodarzi
• Negative Sentiment: Technical/valuation caveats: the stock is trading below its 50‑day moving average and well off its 12‑month high, and the 50‑day (≈$466.88) vs. 200‑day (≈$594.81) spread highlights recent downward momentum — these factors could limit near-term upside despite positive news.

Intuit Stock Performance

Shares of Intuit stock opened at $455.78 on Friday. The company's 50 day moving average price is $463.06 and its two-hundred day moving average price is $592.86. The firm has a market capitalization of $126.05 billion, a P/E ratio of 29.52, a P/E/G ratio of 1.83 and a beta of 1.26. Intuit Inc. has a fifty-two week low of $349.00 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the business earned $3.32 earnings per share. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its 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 fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be given a $1.20 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.1%. Intuit's dividend payout ratio (DPR) is currently 31.09%.

Insider Transactions at Intuit

In related news, CFO Sandeep Aujla sold 1,335 shares of the firm's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the transaction, the chief financial officer owned 536 shares in the company, valued at $337,390.56. This trade represents a 71.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the sale, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 119,403 shares of company stock valued at $79,242,742. Company insiders own 2.49% of the company's stock.

Intuit Company Profile

Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

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