Swedbank AB Buys 4,872 Shares of Intuit Inc. $INTU

Swedbank AB increased its stake in shares of Intuit Inc. (NASDAQ:INTUFree Report) by 0.6% during the 4th quarter, Holdings Channel reports. The fund owned 886,427 shares of the software maker’s stock after acquiring an additional 4,872 shares during the period. Swedbank AB’s holdings in Intuit were worth $587,187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Joseph Group Capital Management bought a new position in Intuit during the fourth quarter worth $25,000. MTM Investment Management LLC lifted its stake in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after buying an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of Intuit in the third quarter valued at $33,000. Richardson Financial Services Inc. lifted its stake in shares of Intuit by 70.0% in the third quarter. Richardson Financial Services Inc. now owns 51 shares of the software maker’s stock valued at $35,000 after buying an additional 21 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Erste Group Bank raised shares of Intuit to a “hold” rating in a research note on Monday, April 27th. Daiwa Securities Group dropped their price objective on shares of Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Intuit in a research note on Sunday, April 19th. Mizuho dropped their price objective on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Finally, Truist Financial began coverage on shares of Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $636.10.

Get Our Latest Analysis on INTU

Intuit Stock Down 2.1%

INTU opened at $398.32 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50-day moving average is $415.20 and its 200 day moving average is $535.89. Intuit Inc. has a fifty-two week low of $342.11 and a fifty-two week high of $813.70. The firm has a market capitalization of $110.16 billion, a P/E ratio of 25.80, a PEG ratio of 1.64 and a beta of 1.04.

Intuit (NASDAQ:INTUGet Free Report) last announced its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Research analysts expect that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were given a $1.20 dividend. 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 payout ratio is currently 31.09%.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit 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 sale, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.49% of the company’s stock.

More Intuit News

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Intuit Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTUFree Report).

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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