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

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

Other hedge funds also recently modified their holdings of the company. Betterment LLC boosted its stake in Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares in the last quarter. One Capital Management LLC lifted its position in Intuit by 2.7% during the 3rd quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock worth $465,000 after buying an additional 18 shares in the last quarter. Quadcap Wealth Management LLC grew its holdings in Intuit by 1.0% during the 3rd quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 18 shares during the last quarter. United Asset Strategies Inc. increased 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 acquiring an additional 20 shares in the last quarter. Finally, Sage Private Wealth Group LLC raised its stake in shares of Intuit by 2.8% in the fourth quarter. Sage Private Wealth Group LLC now owns 802 shares of the software maker’s stock worth $531,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

NASDAQ 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. The stock 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. The business has a 50 day simple moving average of $294.02 and a 200 day simple moving average of $361.87. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $719.10.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $11.65 earnings per share. Analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was 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 in the company, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 1,250 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the transaction, the director owned 1,250 shares of the company’s stock, valued at $386,812.50. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 1,239 shares of company stock valued at $348,354 over the last ninety days. 2.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of recent research reports. KeyCorp dropped their target price on Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. BNP Paribas Exane dropped their price objective on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. The Goldman Sachs Group downgraded shares of Intuit from a “neutral” rating to a “sell” rating and cut their target price for the company from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Weiss Ratings lowered shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Finally, Oppenheimer lowered their price target on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Twenty research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average target price of $454.65.

Key Stories Impacting Intuit

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.

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.