Danica Pension Livsforsikringsaktieselskab Has $7.84 Million Holdings in Intuit Inc. $INTU

Danica Pension Livsforsikringsaktieselskab trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 26.9% in the 1st quarter, Holdings Channel reports. The fund owned 18,137 shares of the software maker’s stock after selling 6,683 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Intuit were worth $7,842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Joseph Group Capital Management bought a new position in Intuit during the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit in the 4th quarter valued at $25,000. HHM Wealth Advisors LLC grew its position in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Intuit in the 1st quarter worth $30,000. Finally, CrossGen Wealth LLC bought a new position in shares of Intuit during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched a new QuickBooks-linked small business credit card with Mastercard, adding a spend-management and rewards product that could deepen the company’s ecosystem and support growth in its small-business segment. Article link
• Neutral Sentiment: Several articles reiterated Intuit’s longer-term growth appeal and highlighted its enterprise and QuickBooks platform strengths, but these were largely commentary pieces rather than fresh catalysts.
• Negative Sentiment: Multiple law firms announced or repeated reminders about a securities-fraud class action against Intuit, alleging misstatements or omissions about TurboTax’s competitive position, pricing pressure, and the strength of the tax business. These legal headlines can weigh on investor sentiment and raise uncertainty around the stock. Article link
• Negative Sentiment: Separately, Morgan Stanley’s cautious coverage and lowered expectations added to the pressure on Intuit and other software names, reinforcing concerns about near-term sentiment. Article link

Analysts Set New Price Targets

A number of brokerages have recently commented on INTU. Barclays cut their price objective on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Stifel Nicolaus reissued a “hold” rating and set a $275.00 target price (down from $375.00) on shares of Intuit in a research report on Wednesday, June 17th. Citigroup lowered their price target on Intuit from $649.00 to $591.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Bank of America began coverage on Intuit in a report on Wednesday, May 27th. They issued a “buy” rating and a $400.00 price target for the company. Finally, The Goldman Sachs Group downgraded Intuit from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Twenty-one analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $468.84.

Intuit Trading Down 1.9%

Shares of INTU opened at $284.47 on Thursday. The stock’s fifty day simple moving average is $297.51 and its 200-day simple moving average is $396.75. The firm has a market capitalization of $77.81 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last announced 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 firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $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. As a group, research analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Intuit’s payout ratio is currently 29.07%.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of $309.71 per share, with a total value of $154,855.00. Following the transaction, the director directly owned 1,750 shares in the company, valued at approximately $541,992.50. The trade was a 40.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is currently owned by insiders.

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.