Danica Pension Livsforsikringsaktieselskab Buys Shares of 18,971 Intuit Inc. $INTU

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,971 shares of the software maker’s stock, valued at approximately $4,951,000.

Several other institutional investors and hedge funds also recently made changes to their positions in INTU. Betterment LLC increased its holdings in Intuit by 2.1% in the third 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 period. 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 acquiring an additional 18 shares in the last quarter. Quadcap Wealth Management LLC boosted its position in shares of Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after buying an additional 18 shares during the last quarter. United Asset Strategies Inc. boosted its holdings in Intuit by 1.0% during the 4th quarter. United Asset Strategies Inc. now owns 2,036 shares of the software maker’s stock worth $1,349,000 after acquiring an additional 20 shares during the last quarter. Finally, Sage Private Wealth Group LLC increased its stake in Intuit by 2.8% in the 4th quarter. Sage Private Wealth Group LLC now owns 802 shares of the software maker’s stock valued at $531,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on INTU shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $275.00 price objective (down from $375.00) on shares of Intuit in a research report on Wednesday, June 17th. UBS Group reissued a “neutral” rating on shares of Intuit in a report on Tuesday. The Goldman Sachs Group lowered Intuit from a “neutral” rating to a “sell” rating and lowered their target price for the company from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Oppenheimer cut their price target on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Jefferies Financial Group dropped their price objective on shares of Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Twenty analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $454.65.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Software-sector rotation supported INTU. A sharp selloff in AI hardware stocks redirected capital toward enterprise software companies, including Intuit, Monday.com and HubSpot. Investors may be reassessing the durability and valuation of software businesses after their recent weakness, although the article cautions that the move could be a short-term trading rotation. Software Stocks Soar in Rotational Trade
• Positive Sentiment: Growth and AI initiatives remain part of the bullish case. Coverage highlighted Intuit’s expansion of AI-native enterprise resource planning tools and the launch of Intuit Intelligence. Analysts and financial commentary also point to growth in advanced products, a potentially large mid-market opportunity and expectations for earnings growth. Intuit’s latest reported quarter included revenue growth of 10.4% year over year and an EPS beat.
• Positive Sentiment: Mizuho retained a favorable view despite reducing its target. Mizuho lowered its price target from $500 to $430 but maintained an “outperform” rating, signaling that the firm still sees meaningful upside after becoming more conservative on valuation or growth assumptions.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the sale, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, with a total value of $386,812.50. Following the purchase, the director directly owned 1,250 shares of the company’s stock, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by insiders.

Intuit Trading Up 4.4%

Shares of INTU opened at $350.41 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $719.10. The firm has a 50 day moving average price of $294.02 and a 200-day moving average price of $361.87. The firm has a market cap of $95.85 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.09 and a beta of 0.97.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the previous year, the business earned $11.65 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current year.

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.