EFG Asset Management Americas Corp. Trims Stock Position in Intuit Inc. $INTU

EFG Asset Management Americas Corp. lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 17.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,288 shares of the software maker’s stock after selling 1,937 shares during the period. Intuit comprises approximately 1.1% of EFG Asset Management Americas Corp.’s investment portfolio, making the stock its 25th biggest holding. EFG Asset Management Americas Corp.’s holdings in Intuit were worth $6,343,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its position in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares during the period. Sagard Holdings Management Inc. bought a new stake in Intuit during the second quarter valued at about $28,000. MTM Investment Management LLC raised its holdings in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Total Investment Management Inc. purchased a new stake in shares of Intuit during the second quarter valued at about $33,000. Finally, Kilter Group LLC bought a new stake in shares of Intuit in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the sale, the director directly owned 5,669,584 shares of the company’s stock, valued at approximately $3,818,067,953.12. This trade represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 120,501 shares of company stock worth $79,983,892 in the last quarter. 2.49% of the stock is currently owned by insiders.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Multi‑year partnership with Anthropic to build AI financial agents strengthens Intuit’s AI product roadmap and long‑term revenue opportunity, supporting buy‑side interest. Read More.
• Positive Sentiment: Rothschild & Co Redburn upgraded Intuit, providing fresh analyst support that can anchor the stock amid recent weakness. Read More.
• Neutral Sentiment: Company announced a quarterly dividend (ex‑dividend April 9), a steady capital‑return sign but modest yield—likely a neutral to mild positive for income‑focused investors. Read More.
• Neutral Sentiment: Analyses and valuation pieces note a multi‑month share selloff and re‑rating debate—keeps the stock in focus but produces mixed signals for timing. Read More.
• Negative Sentiment: Management’s Q3 profit guidance came in below Wall Street estimates after the Feb. 26 earnings release; that guidance miss triggered a post‑earnings pullback and remains a key near‑term risk. Read More.
• Negative Sentiment: Director Richard L. Dalzell sold 333 shares (~$440 avg) recently, reducing his stake modestly; while small in size, insider sales can be read negatively in a down tape. Read More.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTU. Wolfe Research set a $550.00 target price on Intuit and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. TD Cowen decreased their price target on shares of Intuit from $658.00 to $633.00 and set a “buy” rating for the company in a report on Monday, March 2nd. BNP Paribas Exane dropped their price objective on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a report on Monday, February 23rd. Finally, Citigroup reduced their target price on Intuit from $803.00 to $649.00 and set a “buy” rating for the company in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $634.26.

Intuit Price Performance

NASDAQ:INTU opened at $439.96 on Friday. The stock has a market capitalization of $121.67 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.26. Intuit Inc. has a 52 week low of $349.00 and a 52 week high of $813.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average price is $482.31 and its 200-day moving average price is $600.26.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the business earned $3.32 earnings per share. The business’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. Intuit’s dividend payout ratio (DPR) is 31.09%.

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.