Nykredit A S Makes New $23.16 Million Investment in Intuit Inc. $INTU

Nykredit A S bought a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 88,749 shares of the software maker's stock, valued at approximately $23,163,000.

A number of other institutional investors also recently made changes to their positions in INTU. Birch Capital Management LLC raised its stake in Intuit by 1,996.0% in the 2nd quarter. Birch Capital Management LLC now owns 4,192 shares of the software maker's stock valued at $1,094,000 after purchasing an additional 3,992 shares during the last quarter. Natural Investments LLC raised its position in shares of Intuit by 6.4% in the second quarter. Natural Investments LLC now owns 1,547 shares of the software maker's stock valued at $403,000 after buying an additional 93 shares during the last quarter. Symphony Financial Ltd. Co. lifted its stake in shares of Intuit by 43.9% during the second quarter. Symphony Financial Ltd. Co. now owns 3,404 shares of the software maker's stock valued at $906,000 after buying an additional 1,038 shares during the period. Investors Research Corp boosted its position in Intuit by 10.2% during the second quarter. Investors Research Corp now owns 1,077 shares of the software maker's stock worth $281,000 after acquiring an additional 100 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its stake in Intuit by 481.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,814 shares of the software maker's stock worth $734,000 after acquiring an additional 2,330 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 2,146 shares of company stock valued at $662,666. 2.49% of the stock is currently owned by corporate insiders.

Intuit Trading Up 0.4%

Shares of INTU opened at $344.30 on Friday. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The stock's 50-day moving average is $314.53 and its two-hundred day moving average is $354.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. The stock has a market cap of $94.18 billion, a PE ratio of 20.87, a P/E/G ratio of 0.98 and a beta of 0.98.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.Intuit's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities analysts forecast that Intuit Inc. will post 23.49 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. This is an increase from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio (DPR) is presently 29.09%.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of recent analyst reports. UBS Group set a $370.00 price target on Intuit in a research note on Thursday, August 27th. Susquehanna reduced their target price on Intuit from $427.00 to $415.00 and set a "positive" rating on the stock in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Intuit from $530.00 to $425.00 and set a "buy" rating for the company in a report on Wednesday, August 19th. Barclays decreased their target price on shares of Intuit from $443.00 to $408.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 26th. Finally, Stifel Nicolaus set a $300.00 price target on shares of Intuit in a research note on Wednesday, August 26th. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $434.68.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors are increasingly viewing Intuit as a value opportunity after the sharp decline from its prior highs. Recent commentary highlighted the company’s solid fundamentals and potential upside if the stock eventually returns to its peak valuation. Forget AI Stocks: Buy This Tech Stock Now for Value and 130% Upside
• Positive Sentiment: Intuit’s fiscal 2026 results showed revenue growth of roughly 14%, while Credit Karma grew 20% and TurboTax grew 7%. The company also repurchased $5.5 billion of stock, has $7.9 billion remaining under its authorization, and raised its quarterly dividend 15% to $1.38 per share—supportive factors for the rebound. Intuit Gains as Investors Reassess Post-Earnings Selloff
• Positive Sentiment: Management scheduled an annual Investor Day for September 17. The event could provide additional detail on Intuit’s growth strategy, artificial-intelligence initiatives and its medium-term outlook, potentially helping stabilize investor expectations. Intuit to Host Annual Investor Day on September 17
• Neutral Sentiment: CFO Sandeep Aujla will present at the Goldman Sachs Communacopia + Technology Conference on September 10. Investors may look for updates on demand, TurboTax growth and the fiscal 2027 outlook. Intuit CFO Sandeep Aujla to Present at the Goldman Sachs Communacopia + Technology Conference
• Neutral Sentiment: KeyCorp’s published estimates call for approximately $23.06 in fiscal 2027 EPS and $26.84 in fiscal 2028 EPS, broadly consistent with current full-year expectations and indicating continued earnings growth, but not representing a new major forecast change. KeyCorp Intuit earnings estimates
• Negative Sentiment: Several law firms publicized a securities-fraud class action and a September 8 lead-plaintiff deadline. The complaints reportedly concern alleged misrepresentations about TurboTax growth prospects. The announcements do not establish wrongdoing, but they add legal and reputational overhang to the stock. Pomerantz Class Action Announcement
• Negative Sentiment: Fiscal 2027 guidance projects slower overall growth of 9% to 10%, with TurboTax growth of only 2% to 3%. That deceleration was the main reason for the earlier earnings-related pressure and remains a key risk despite the current recovery. Intuit Fiscal 2027 Outlook Analysis

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.

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