Intuit Inc. $INTU Stock Position Trimmed by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its position in Intuit Inc. (NASDAQ:INTU) by 42.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 153,518 shares of the software maker’s stock after selling 114,834 shares during the quarter. Handelsbanken Fonder AB owned about 0.06% of Intuit worth $40,068,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Betterment LLC lifted its position in Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares during the last quarter. PFG Investments LLC lifted its position in Intuit by 2.0% in the 4th quarter. PFG Investments LLC now owns 915 shares of the software maker’s stock valued at $606,000 after purchasing an additional 18 shares during the last quarter. One Capital Management LLC lifted its position in Intuit by 2.7% in the 3rd quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after purchasing an additional 18 shares during the last quarter. Quadcap Wealth Management LLC lifted its position in Intuit by 1.0% in the 3rd quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after purchasing an additional 18 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its position in Intuit by 1.0% in the 4th quarter. United Asset Strategies Inc. now owns 2,036 shares of the software maker’s stock valued at $1,349,000 after purchasing an additional 20 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Activity at Intuit

In other news, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer owned 1,628 shares of the company’s stock, valued at $564,167.12. The trade was a 35.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,146 shares of company stock worth $662,666 in the last ninety days. Corporate insiders own 2.49% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a partnership with Perplexity to integrate QuickBooks and Mailchimp into Perplexity Computer, an agentic AI assistant. The collaboration could help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management
• Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings

Wall Street Analyst Weigh In

Several research firms have commented on INTU. BNP Paribas Exane lowered their target price on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. JPMorgan Chase & Co. cut shares of Intuit from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $605.00 to $331.00 in a research note on Wednesday, August 26th. Wells Fargo & Company lowered their target price on shares of Intuit from $360.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 26th. Evercore reissued an “outperform” rating on shares of Intuit in a research note on Tuesday, August 18th. Finally, Rothschild & Co Redburn lowered their target price on shares of Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $434.68.

Intuit Price Performance

Shares of INTU traded up $1.34 during mid-day trading on Monday, hitting $359.40. The company’s stock had a trading volume of 1,871,193 shares, compared to its average volume of 4,382,581. The firm has a 50-day moving average price of $307.36 and a 200 day moving average price of $356.13. The stock has a market capitalization of $98.31 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 0.92 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.08.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, research analysts predict that Intuit Inc. will post 23.07 EPS for the current fiscal year.

Intuit Increases Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is presently 33.45%.

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.