Intuit Inc. $INTU Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in Intuit Inc. (NASDAQ:INTU) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 243,355 shares of the software maker’s stock after acquiring an additional 2,380 shares during the period. Intuit makes up 0.5% of Handelsbanken Fonder AB’s portfolio, making the stock its 28th biggest position. Handelsbanken Fonder AB’s holdings in Intuit were worth $161,203,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of INTU. Joseph Group Capital Management acquired a new stake in shares of Intuit in the 4th quarter worth about $25,000. MTM Investment Management LLC increased its holdings in shares of Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after acquiring an additional 27 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Intuit in the 3rd quarter worth about $33,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after acquiring an additional 19 shares during the period. Finally, Steph & Co. increased its holdings in shares of Intuit by 346.2% in the 4th quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.49% of the company’s stock.

Intuit Stock Up 2.6%

Intuit stock opened at $403.16 on Tuesday. The stock has a market cap of $111.49 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 1.58 and a beta of 1.04. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $412.33 and its two-hundred day moving average price is $518.12. Intuit Inc. has a 52 week low of $342.11 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating the consensus estimate 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%. Intuit’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company earned $3.32 EPS. 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, analysts expect that Intuit Inc. will post 17.44 EPS for the current fiscal 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 dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.2%. Intuit’s dividend payout ratio (DPR) is presently 31.09%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BNP Paribas Exane raised shares of Intuit from an “underperform” rating to a “neutral” rating and set a $463.00 price objective on the stock in a report on Monday, March 16th. UBS Group dropped their price objective on shares of Intuit from $725.00 to $440.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Argus dropped their price objective on shares of Intuit from $780.00 to $580.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Royal Bank Of Canada lowered their target price on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average price target of $634.26.

About Intuit

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.