PFA Pension Forsikringsaktieselskab Takes $104.99 Million Position in Intuit Inc. $INTU

PFA Pension Forsikringsaktieselskab acquired a new stake in Intuit Inc. (NASDAQ:INTU) during the fourth quarter, HoldingsChannel reports. The firm acquired 156,731 shares of the software maker’s stock, valued at approximately $104,991,000.

A number of other hedge funds have also made changes to their positions in INTU. NEOS Investment Management LLC increased its position in Intuit by 63.8% during the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after purchasing an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co increased its position in Intuit by 8.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after purchasing an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC acquired a new stake in Intuit during the 3rd quarter worth approximately $1,465,000. Crossmark Global Holdings Inc. increased its position in Intuit by 15.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after purchasing an additional 6,503 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in Intuit by 50.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after purchasing an additional 10,661 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on INTU shares. Daiwa Securities Group dropped their target price on shares of Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Mizuho dropped their target price on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Rothschild & Co Redburn raised shares of Intuit from a “neutral” rating to a “buy” rating and increased their target price for the stock from $670.00 to $700.00 in a research report on Tuesday, March 10th. The Goldman Sachs Group dropped their target price on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Intuit in a research report on Sunday, April 19th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $636.10.

Intuit Stock Up 2.7%

NASDAQ INTU opened at $399.00 on Friday. The stock has a market cap of $110.34 billion, a PE ratio of 25.84, a P/E/G ratio of 1.56 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. The business has a 50 day moving average price of $414.84 and a two-hundred day moving average price of $539.33. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.Intuit’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, sell-side analysts predict that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Announces Dividend

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

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.49% of the stock is currently owned by corporate insiders.

Intuit Company 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.