BI Asset Management Fondsmaeglerselskab A S Sells 21,465 Shares of Intuit Inc. $INTU

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in Intuit Inc. (NASDAQ:INTU) by 26.4% during the 4th quarter, HoldingsChannel reports. The fund owned 59,996 shares of the software maker’s stock after selling 21,465 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Intuit were worth $39,743,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in INTU. Norges Bank bought a new stake in Intuit in the fourth quarter worth $3,058,407,000. Alliancebernstein L.P. boosted its holdings in Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after acquiring an additional 1,295,199 shares in the last quarter. Nicholas Hoffman & Company LLC. bought a new stake in Intuit in the first quarter worth $785,564,000. Vanguard Group Inc. boosted its holdings in Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after acquiring an additional 914,024 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after purchasing an additional 471,451 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on INTU shares. Barclays lowered their price target on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Truist Financial lowered their price target on Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Guggenheim set a $633.00 price target on Intuit in a report on Monday, March 16th. BMO Capital Markets lowered their price target on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Finally, Freedom Capital downgraded Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Twenty-four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $514.58.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Baron Capital highlighted Intuit as a strong long-term bet in its latest investor letter, reinforcing the view that the company’s software and financial platform remain attractive despite the recent stock weakness.
• Positive Sentiment: Another investor-focused article argued that Intuit remains one of the more compelling software names, suggesting some market participants still see upside in the business model and cash-flow profile.
• Neutral Sentiment: Cramer’s comments and other media coverage kept Intuit in the spotlight, but these mentions were more commentary-driven than tied to a clear new business catalyst.
• Negative Sentiment: Multiple law firms, including BFA Law, Pomerantz, and Bragar Eagel & Squire, announced investigations into Intuit after the stock’s major decline, raising concerns about possible securities-fraud claims and adding legal overhang. Article Title
• Negative Sentiment: Goldman Sachs reportedly cut Intuit, which can weigh on investor confidence and pressure the shares further.
• Negative Sentiment: News coverage focused on Intuit’s steep recent decline and investors “asking tough questions,” reinforcing bearish sentiment around the stock after the selloff. Article Title

Intuit Stock Performance

Shares of INTU opened at $296.76 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $377.58 and a two-hundred day simple moving average of $486.66. The stock has a market cap of $81.18 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.11 and a beta of 0.98. Intuit Inc. has a 52 week low of $293.67 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, analysts expect that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Insider Activity

In other Intuit news, Director Vasant M. Prabhu bought 500 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the transaction, the director owned 1,750 shares of the company’s stock, valued at $541,992.50. This trade represents a 40.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.49% of the company’s stock.

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.