Groupama Asset Managment increased its stake in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 113.9% in the 3rd quarter, Holdings Channel reports. The firm owned 3,874 shares of the software maker’s stock after purchasing an additional 2,063 shares during the period. Groupama Asset Managment’s holdings in Intuit were worth $2,646,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Polar Asset Management Partners Inc. acquired a new position in shares of Intuit during the 3rd quarter valued at about $7,031,000. Cambria Investment Management L.P. purchased a new position in Intuit during the third quarter worth about $402,000. CIBC Private Wealth Group LLC boosted its stake in Intuit by 58.5% during the third quarter. CIBC Private Wealth Group LLC now owns 50,187 shares of the software maker’s stock worth $34,273,000 after buying an additional 18,515 shares during the period. Prana Capital Management LP increased its position in shares of Intuit by 2,015.8% during the third quarter. Prana Capital Management LP now owns 73,121 shares of the software maker’s stock valued at $49,935,000 after acquiring an additional 69,665 shares during the last quarter. Finally, Petix & Botte Co raised its stake in shares of Intuit by 6.5% in the 3rd quarter. Petix & Botte Co now owns 426 shares of the software maker’s stock valued at $291,000 after acquiring an additional 26 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction 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. The trade was a 71.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 119,403 shares of company stock valued at $79,242,742 in the last 90 days. Company insiders own 2.49% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Report on INTU
Intuit Stock Performance
Shares of Intuit stock opened at $455.24 on Friday. Intuit Inc. has a one year low of $349.00 and a one year high of $813.70. The company has a market cap of $125.90 billion, a PE ratio of 29.48, a P/E/G ratio of 1.80 and a beta of 1.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The business has a 50-day simple moving average of $466.88 and a 200-day simple moving average of $594.81.
Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company earned $3.32 earnings per share. The firm’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. On average, equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.
Intuit Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 31.09%.
Key Stories Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Morgan Stanley named Intuit a “Top Pick,” a high-visibility endorsement that drove buying interest by highlighting Intuit’s tax-season visibility and growth outlook. Intuit stock rises after Morgan Stanley Top Pick designation
- Positive Sentiment: Company leadership halted planned insider stock sales and Intuit is stepping up share buybacks — a signal management is prioritizing shareholder returns and reducing potential supply pressure from insider selling. Intuit steps up share buybacks as leadership halts planned stock sales
- Positive Sentiment: BNP Paribas Exane upgraded Intuit, reinforcing the bullish analyst tone and likely supporting demand from institutional investors. Intuit (NASDAQ:INTU) Stock Rating Upgraded by BNP Paribas Exane
- Neutral Sentiment: Wall Street coverage remains favorable overall (multiple outlets aggregating analyst buy/hold recommendations), which sustains interest but may already be priced in. Wall Street Analysts See Intuit (INTU) as a Buy: Should You Invest?
- Neutral Sentiment: Morgan Stanley notes Intuit’s fiscal Q3 results could act as a catalyst by clarifying tax-season trends — a near-term event investors should watch for confirmation of demand. Intuit Fiscal Q3 Seen as Catalyst for Tax-Season Visibility, Growth, Morgan Stanley Says
- Neutral Sentiment: CEO Sasan Goodarzi gave TV interviews explaining the canceled insider sales and broader strategy — useful context but not a direct earnings update. Watch CNBC’s full interview with Intuit CEO Sasan Goodarzi
- Negative Sentiment: Intuit’s accelerated QuickBooks Desktop exit is testing customer loyalty and opening the door for competitors (e.g., Xero) to poach customers — a potential longer-term headwind to small-business retention and revenue if migrations accelerate. Intuit Desktop Exit Tests Customer Loyalty As Rivals Court QuickBooks Users
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.
Further Reading
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