Nykredit A S Purchases New Shares in Intuit Inc. $INTU

Key Points

• Nykredit A/S acquired 80,907 Intuit shares worth approximately $21.1 million during the second quarter, while other institutional investors also increased positions. Institutions collectively own 83.66% of Intuit.
• Intuit reported quarterly revenue of $4.35 billion and adjusted earnings of $4.03 per share, exceeding analyst expectations; revenue increased 13.7% year over year. Shares opened at $303.19, well below their 52-week high of $705.08.
• Intuit raised its quarterly dividend from $1.20 to $1.38 per share, implying an annualized dividend of $5.52 and a 1.8% yield. Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $431.55.

Nykredit A S acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 80,907 shares of the software maker's stock, valued at approximately $21,117,000.

Several other large investors have also recently added to or reduced their stakes in the company. Cygnus Capital Advisors LLC acquired a new stake in shares of Intuit in the second quarter valued at approximately $4,706,000. Amundi grew its position in Intuit by 36.2% during the second quarter. Amundi now owns 2,128,372 shares of the software maker's stock worth $555,505,000 after buying an additional 565,214 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Intuit during the 2nd quarter worth $48,050,000. Studio Investment Management LLC raised its holdings in Intuit by 62.4% in the 2nd quarter. Studio Investment Management LLC now owns 794 shares of the software maker's stock valued at $207,000 after acquiring an additional 305 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in Intuit by 90.5% in the 2nd quarter. Wedmont Private Capital now owns 6,696 shares of the software maker's stock valued at $1,841,000 after acquiring an additional 3,181 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Stock Down 3.2%

Shares of INTU opened at $303.19 on Friday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The stock has a market capitalization of $81.02 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.87 and a beta of 0.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a fifty day moving average of $325.51 and a 200-day moving average of $349.98.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the company posted $2.75 EPS. Intuit's quarterly revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, sell-side analysts anticipate that Intuit Inc. will post 23.01 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. Stockholders of record on Thursday, October 8th will be paid a $1.38 dividend. This is an increase from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit's payout ratio is currently 29.09%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director directly owned 11,531 shares of the company's stock, valued at $3,751,726.16. The trade was a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,476 shares of company stock valued at $481,538 in the last ninety days. 2.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

INTU has been the topic of several analyst reports. Royal Bank Of Canada reissued an "outperform" rating and set a $385.00 target price on shares of Intuit in a report on Friday. Morgan Stanley dropped their price target on Intuit from $335.00 to $315.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 26th. Piper Sandler upped their price objective on shares of Intuit from $250.00 to $290.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 26th. JPMorgan Chase & Co. downgraded shares of Intuit from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $605.00 to $331.00 in a research note on Wednesday, August 26th. Finally, Barclays reduced their price objective on shares of Intuit from $443.00 to $408.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $431.55.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit emphasized AI as a central growth driver, targeting faster product development, broader adoption and improved customer acquisition. Management believes AI-enabled features and higher-value services can support future revenue and earnings growth. INTU Doubles Down on AI: Can Intelligence Drive the Next Growth Wave?
• Positive Sentiment: The company introduced QuickBooks Free and Lite offerings to expand its small-business funnel. The strategy could increase customer adoption and create additional opportunities to monetize payments and premium services over time. Intuit Launches QuickBooks Free
• Positive Sentiment: Several analysts maintained constructive views: Mizuho reiterated an Outperform rating with a $430 target, while RBC kept an Outperform rating with a $385 target. TD Cowen also maintained its $346 target, indicating some analysts see meaningful upside after the selloff.
• Neutral Sentiment: At its investor day, Intuit reaffirmed first-quarter and fiscal 2027 guidance rather than raising expectations. Maintaining the outlook supports visibility, but the lack of an upgrade may have disappointed investors seeking stronger near-term growth signals. Intuit Hosts Investor Day
• Negative Sentiment: Analysts highlighted slower core growth, customer-acquisition challenges and elevated investment needs. Bank of America maintained a Hold rating and a $360 target, while Truist and Stifel kept Hold ratings with $300 targets, reflecting uncertainty over the pace and payoff of Intuit’s initiatives.
• Negative Sentiment: Investors remain concerned about TurboTax market-share pressure and slowing QuickBooks Online customer growth. Although free products may widen the funnel, they could also weigh on near-term monetization as Intuit invests to attract users.

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.

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