DNB Asset Management AS Raises Position in Intuit Inc. $INTU

DNB Asset Management AS grew its stake in Intuit Inc. (NASDAQ:INTU) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,551 shares of the software maker’s stock after purchasing an additional 1,398 shares during the quarter. DNB Asset Management AS’s holdings in Intuit were worth $40,773,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GW&K Investment Management LLC grew its holdings in Intuit by 8.6% during the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after buying an additional 16 shares in the last quarter. Cannell & Spears LLC grew its holdings in Intuit by 0.4% during the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after buying an additional 16 shares in the last quarter. Betterment LLC grew its holdings in Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after buying an additional 16 shares in the last quarter. Crawford Investment Counsel Inc. grew its holdings in Intuit by 4.7% during the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after buying an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. grew its holdings in Intuit by 0.4% during the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after buying an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investor sentiment is improving around INTU’s valuation after a year of share-price weakness, with a new article arguing the stock may be oversold and potentially attractive for long-term buyers. Is Intuit Stock Oversold Now, Finally Making It a Buy?
• Positive Sentiment: Coverage ahead of Q3 earnings highlights that Wall Street will be watching Intuit’s key metrics closely, which can reinforce expectations that the company continues to post double-digit growth and may deliver another solid quarter. Ahead of Intuit (INTU) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
• Positive Sentiment: Intuit also drew attention for expanding its Enterprise Suite with AI-powered automation and analytics, signaling continued product innovation that could support mid-market growth and future recurring revenue. Intuit Expands Enterprise Suite With AI: Will It Boost Growth?

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on INTU shares. BNP Paribas Exane upgraded Intuit from an “underperform” rating to a “neutral” rating and set a $463.00 price target for the company in a report on Monday, March 16th. KeyCorp cut their price target on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Mizuho cut their price target on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Daiwa Securities Group cut their price target on shares of Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Wolfe Research set a $550.00 price target on shares of Intuit and gave the stock an “outperform” rating in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $634.26.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $393.00 on Friday. The company’s 50-day moving average is $413.60 and its 200 day moving average is $521.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $108.68 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04. Intuit Inc. has a fifty-two week low of $342.11 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.32 earnings per share. 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 research analysts forecast that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, April 9th. Intuit’s payout ratio is presently 31.09%.

Intuit 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.