PensionDanmark Pensionsforsikringsaktieselskab Buys 14,456 Shares of Intuit Inc. $INTU

PensionDanmark Pensionsforsikringsaktieselskab increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 28.3% in the second quarter, HoldingsChannel reports. The firm owned 65,519 shares of the software maker’s stock after buying an additional 14,456 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Intuit were worth $17,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Rakuten Investment Management Inc. lifted its holdings in shares of Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after purchasing an additional 43,389 shares during the period. Bank of New York Mellon Corp increased its holdings in Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after buying an additional 471,451 shares during the period. Vestcor Inc raised its position in Intuit by 79.1% during the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after buying an additional 9,148 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Intuit by 119.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after buying an additional 47,148 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Intuit by 13.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock valued at $39,728,000 after acquiring an additional 6,999 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced that Citrin Cooperman has made its AI-native Intuit Enterprise Suite available to clients. The partnership could support adoption of Intuit’s enterprise financial-management products among middle-market businesses and broaden growth beyond its traditional tax and small-business offerings. Citrin Cooperman Expands Its ERP and Advisory Offerings with Intuit Enterprise Suite
• Neutral Sentiment: Several law firms, including Rosen, Bronstein Gewirtz & Grossman, Robbins, Pomerantz and others, issued investor notices concerning a securities class action covering purchases made from August 22, 2025, through May 20, 2026. The notices largely repeat the same case and encourage investors to seek lead-plaintiff status by September 8, 2026; they do not represent separate confirmed judgments against Intuit. INTU Investors Have Opportunity to Lead Intuit Inc. Securities Fraud Lawsuit
• Negative Sentiment: The lawsuit alleges that Intuit and certain executives misled investors about the sustainability and growth prospects of TurboTax and failed to adequately disclose rising competition and pricing pressure in its tax-related operations. If the claims gain traction, Intuit could face litigation costs, settlement exposure and reputational damage. Intuit Inc. Stockholders Have Rights
• Negative Sentiment: Intuit was also among software stocks pressured after Figma highlighted sharply higher artificial-intelligence investment costs. The sector development raises concerns about margin pressure and the return on AI spending, even though it is not specific to Intuit. Software Stocks Slide After Figma Flags Surging AI Costs

Insider Transactions at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 500 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought 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 link. Also, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock worth $348,354 over the last 90 days. Insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

INTU has been the topic of several recent research reports. Citigroup dropped their price objective on shares of Intuit from $649.00 to $591.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. TD Cowen downgraded shares of Intuit from a “buy” rating to a “hold” rating and decreased their target price for the company from $504.00 to $304.00 in a research report on Tuesday, July 28th. Morgan Stanley lowered shares of Intuit from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $580.00 to $335.00 in a report on Tuesday, July 21st. UBS Group reduced their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Finally, Piper Sandler started coverage on Intuit in a report on Tuesday, July 14th. They issued an “underweight” rating and a $250.00 price objective for the company. Nineteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $460.45.

Intuit Stock Performance

INTU opened at $325.25 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a fifty day moving average price of $289.81 and a 200 day moving average price of $373.05. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $762.48. The stock has a market cap of $88.97 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.02 and a beta of 0.97.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities research analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.5%. Intuit’s dividend payout ratio (DPR) is 29.07%.

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.