Danske Bank A S Acquires 19,592 Shares of Intuit Inc. $INTU

Danske Bank A S raised its holdings in Intuit Inc. (NASDAQ:INTU) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 247,157 shares of the software maker’s stock after purchasing an additional 19,592 shares during the period. Danske Bank A S’s holdings in Intuit were worth $163,722,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of INTU. Brighton Jones LLC boosted its holdings in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares during the period. Nicholas Hoffman & Company LLC. bought a new stake in Intuit in the 1st quarter valued at about $785,564,000. Sivia Capital Partners LLC boosted its holdings in Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after purchasing an additional 166 shares during the period. Finally, Florida Financial Advisors LLC boosted its holdings in Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after purchasing an additional 51 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

INTU stock opened at $388.50 on Friday. The company has a 50 day simple moving average of $414.84 and a 200 day simple moving average of $539.33. The stock has a market cap of $107.44 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.59 and a beta of 1.21. Intuit Inc. has a 1 year low of $342.11 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The business had revenue of $4.65 billion during 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 firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior 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. Research analysts anticipate that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on 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 directly owned 13,253 shares in the company, valued at $5,836,621.20. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on INTU. 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. Stifel Nicolaus cut their price target on shares of Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. TD Cowen reaffirmed a “buy” rating on shares of Intuit in a report on Monday, March 16th. Weiss Ratings downgraded shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Finally, Guggenheim set a $633.00 price target on shares of Intuit in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $636.10.

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.