Intuit Inc. $INTU Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in Intuit Inc. (NASDAQ:INTU) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,390 shares of the software maker’s stock after purchasing an additional 2,245 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Intuit were worth $85,630,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of INTU. Tortoise Investment Management LLC grew its holdings in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares during the period. Westside Investment Management Inc. boosted its position in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares during the period. Sagard Holdings Management Inc. purchased a new position in shares of Intuit during the 2nd quarter valued at approximately $28,000. Finally, True Wealth Design LLC increased its holdings in shares of Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other news, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the transaction, the director directly owned 5,668,182 shares in the company, valued at $3,786,458,939.64. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. This represents a 71.35% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 347,464 shares of company stock valued at $228,860,293. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. UBS Group set a $739.00 target price on Intuit in a research report on Tuesday. Wolfe Research cut their price target on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Rothschild & Co Redburn upped their price target on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Finally, Independent Research set a $875.00 price objective on Intuit in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Intuit has an average rating of “Moderate Buy” and an average target price of $794.92.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Truist started coverage with a “buy” and a $739 price target, which can attract investor flows and short‑term momentum into the stock. Truist Initiates on Intuit
• Positive Sentiment: Intuit recently reported stronger revenue and earnings and set fiscal guidance (Q2 2026 EPS range), and the company declared a $1.20 quarterly dividend (ex‑dividend Jan 9, payable Jan 16) — reinforcing income orientation and near‑term shareholder support. Intuit Company Summary & News
• Neutral Sentiment: Market commentary and data pieces highlighting Intuit’s long‑term returns and recent outperformance help explain investor interest but are descriptive rather than new catalysts. $1,000 Invested in Intuit 10 Years Ago
• Neutral Sentiment: Seasonal coverage of TurboTax 2026 and tax‑season positioning reminds investors of recurring revenue exposure — supportive context ahead of fiscal updates but not an immediate catalyst. TurboTax 2026 Coverage
• Neutral Sentiment: Zacks and other outlets noting the stock’s recent price gains provide market color on momentum; useful for timing but not new fundamental data. Zacks: Intuit Laps the Market
• Neutral Sentiment: Large institutional ownership and recent position changes (disclosed in market filings) underline that Intuit is a heavily held, widely followed stock — this can amplify moves but also stabilizes liquidity. Institutional Holdings & Analyst Coverage
• Negative Sentiment: CFO Sandeep Aujla sold 1,335 shares (~$840k) and reduced his direct holding by about 71% per an SEC Form 4 filing — an insider sale that some investors interpret negatively even though sales can reflect personal diversification rather than company outlook. SEC Form 4 – Aujla Sale

Intuit Stock Performance

NASDAQ INTU opened at $647.20 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s 50 day simple moving average is $656.92 and its 200-day simple moving average is $692.74. The company has a market cap of $180.10 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be given a dividend of $1.20 per share. The ex-dividend date is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s payout ratio is presently 32.81%.

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.