E. Ohman J or Asset Management AB Boosts Stock Position in Intuit Inc. $INTU

E. Ohman J or Asset Management AB raised its holdings in Intuit Inc. (NASDAQ:INTU) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,966 shares of the software maker’s stock after acquiring an additional 5,532 shares during the quarter. Intuit accounts for about 2.1% of E. Ohman J or Asset Management AB’s portfolio, making the stock its 9th biggest holding. E. Ohman J or Asset Management AB’s holdings in Intuit were worth $90,804,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC grew its position in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit in the 1st quarter worth $785,564,000. Evergreen Capital Management LLC raised its position in shares of Intuit by 16.7% during the first quarter. Evergreen Capital Management LLC now owns 5,034 shares of the software maker’s stock worth $3,091,000 after purchasing an additional 720 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of Intuit by 3,050.0% during the first quarter. Activest Wealth Management now owns 63 shares of the software maker’s stock valued at $39,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Up 0.3%

Shares of Intuit stock opened at $676.55 on Friday. The firm has a market cap of $188.26 billion, a price-to-earnings ratio of 46.24, a P/E/G ratio of 2.77 and a beta of 1.27. The stock has a 50-day simple moving average of $660.01 and a 200-day simple moving average of $698.46. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the firm earned $2.50 EPS. Intuit’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced 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 of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 32.81%.

Analysts Set New Price Targets

INTU has been the topic of several recent analyst reports. Evercore ISI restated an “outperform” rating and set a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. BMO Capital Markets dropped their target price on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Daiwa Capital Markets boosted their price target on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a research note on Friday, November 21st. Finally, Independent Research set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $796.60.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott D. Cook sold 75,000 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $658.84, for a total transaction of $49,413,000.00. Following the completion of the transaction, the director owned 5,893,679 shares of the company’s stock, valued at approximately $3,882,991,472.36. This represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 270,897 shares of company stock worth $177,368,310 over the last three months. 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.