DNB Asset Management AS Purchases 1,398 Shares of Intuit Inc. $INTU

DNB Asset Management AS boosted its position in Intuit Inc. (NASDAQ:INTU) by 2.3% during the fourth quarter, HoldingsChannel reports. The fund owned 61,551 shares of the software maker’s stock after buying an additional 1,398 shares during the quarter. DNB Asset Management AS’s holdings in Intuit were worth $40,773,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Applied Finance Capital Management LLC purchased a new stake in shares of Intuit during the 4th quarter valued at approximately $1,183,000. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Intuit by 0.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 7,590 shares of the software maker’s stock valued at $5,028,000 after buying an additional 26 shares in the last quarter. Clarendon Private LLC lifted its stake in shares of Intuit by 26.5% during the 4th quarter. Clarendon Private LLC now owns 631 shares of the software maker’s stock valued at $418,000 after buying an additional 132 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Intuit by 113.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 142,697 shares of the software maker’s stock valued at $94,525,000 after buying an additional 75,867 shares in the last quarter. Finally, Phoenix Financial Ltd. lifted its stake in shares of Intuit by 3.0% during the 4th quarter. Phoenix Financial Ltd. now owns 7,042 shares of the software maker’s stock valued at $4,664,000 after buying an additional 203 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on INTU shares. Jefferies Financial Group restated a “buy” rating on shares of Intuit in a research note on Sunday, April 19th. Argus dropped their price objective on Intuit from $780.00 to $580.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. JPMorgan Chase & Co. dropped their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Northcoast Research raised Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective on the stock in a report on Friday, March 6th. Finally, Oppenheimer dropped their price objective on Intuit from $696.00 to $558.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average target price of $634.26.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit 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 transaction, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.49% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investor sentiment is improving around INTU’s valuation after a year of share-price weakness, with a new article arguing the stock may be oversold and potentially attractive for long-term buyers. Is Intuit Stock Oversold Now, Finally Making It a Buy?
• Positive Sentiment: Coverage ahead of Q3 earnings highlights that Wall Street will be watching Intuit’s key metrics closely, which can reinforce expectations that the company continues to post double-digit growth and may deliver another solid quarter. Ahead of Intuit (INTU) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
• Positive Sentiment: Intuit also drew attention for expanding its Enterprise Suite with AI-powered automation and analytics, signaling continued product innovation that could support mid-market growth and future recurring revenue. Intuit Expands Enterprise Suite With AI: Will It Boost Growth?

Intuit Trading Up 3.9%

NASDAQ INTU opened at $393.00 on Friday. The stock’s 50-day simple moving average is $413.60 and its two-hundred day simple moving average is $521.20. Intuit Inc. has a twelve month low of $342.11 and a twelve month high of $813.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $108.68 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.52 and a beta of 1.04.

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, beating analysts’ consensus estimates of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the business 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 forecast that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. Intuit’s dividend payout ratio (DPR) is 31.09%.

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.