Intuit Inc. $INTU Shares Acquired by Swedbank AB

Key Points

• Swedbank AB increased its holdings in Intuit Inc. by 11.4% during Q2, now owning 130,528 shares valued at $102.81 million.
• Intuit reported a strong Q4 with earnings per share of $2.75, surpassing expectations and posting a revenue of $3.83 billion which was a 20.3% increase year-over-year.
• The company announced a quarterly dividend increase to $1.20, reflecting strong financial performance and a payout ratio of 30.28%.

Swedbank AB raised its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,528 shares of the software maker's stock after purchasing an additional 13,320 shares during the period. Swedbank AB's holdings in Intuit were worth $102,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in INTU. Copia Wealth Management acquired a new stake in shares of Intuit during the 4th quarter worth about $25,000. Heck Capital Advisors LLC bought a new stake in Intuit during the fourth quarter valued at $28,000. CBIZ Investment Advisory Services LLC lifted its holdings in Intuit by 1,566.7% in the first 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 during the period. TD Capital Management LLC lifted its holdings in Intuit by 511.1% in 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 acquired a new stake in Intuit during the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $27,929.58. Following the transaction, the chief financial officer owned 831 shares of the company's stock, valued at approximately $552,606.69. This represents a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,879 shares of company stock worth $7,558,613. Corporate insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on INTU. Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price target on shares of Intuit in a report on Tuesday, September 2nd. Bank of America decreased their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Oppenheimer upped their price objective on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Stifel Nicolaus decreased their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, Morgan Stanley reduced their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Intuit presently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Stock Performance

INTU traded up $12.96 on Friday, reaching $687.92. The company had a trading volume of 4,062,723 shares, compared to its average volume of 2,166,550. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The stock has a market capitalization of $191.80 billion, a PE ratio of 50.07, a P/E/G ratio of 2.66 and a beta of 1.26. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $715.45 and a 200-day moving average price of $685.53.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business earned $1.99 earnings per share. The company's quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts forecast 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. Shareholders of record on Thursday, October 9th will be given a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 34.93%.

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.