Intuit Inc. $INTU Shares Acquired by Groupe la Francaise

Groupe la Francaise increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 18.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,484 shares of the software maker’s stock after buying an additional 1,948 shares during the quarter. Groupe la Francaise’s holdings in Intuit were worth $5,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in Intuit during the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Intuit in the fourth quarter valued at about $25,000. HHM Wealth Advisors LLC lifted its holdings in shares of Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares during the period. Whipplewood Advisors LLC purchased a new stake in Intuit in the first quarter valued at approximately $30,000. Finally, CrossGen Wealth LLC acquired a new position in Intuit in the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is increasing its marketing presence on ChatGPT as major brands shift advertising budgets toward the platform. The move could help Intuit reach more consumers and support customer acquisition for TurboTax and its broader financial-product ecosystem, although the near-term financial impact is uncertain. Brands like Home Depot, Intuit, and Booking are betting bigger on ChatGPT ads
• Positive Sentiment: Intuit and College Board announced free financial-literacy tools for high school classrooms through a new AP Business with Personal Finance course. The partnership may strengthen Intuit’s brand and create longer-term engagement opportunities, but it is unlikely to materially affect near-term earnings. Intuit and College Board Partner to Bring Free Financial Tools
• Neutral Sentiment: Intuit will report fourth-quarter and full-year fiscal 2026 results after the market closes on August 25, followed by an investor day on September 17. Investors will likely look for updates on TurboTax demand, AI investments, restructuring and fiscal 2027 guidance. Intuit to Announce Fourth-Quarter and Full-Year Fiscal 2026 Results
• Negative Sentiment: An Ontario court certified a consumer-protection and competition class action against Intuit Canada and Intuit Inc. involving allegations that TurboTax’s “free” advertising was misleading. Certification allows the case to proceed and increases potential litigation costs, damages exposure and reputational risk; the allegations have not been proven. Ontario Superior Court Certifies Consumer Protection and Competition Act Class Action Against Intuit
• Negative Sentiment: Multiple law firms announced or promoted a U.S. securities class action covering investors who purchased INTU between August 22, 2025 and May 20, 2026. The complaints reportedly involve alleged misrepresentations concerning TurboTax growth prospects and investor harm after significant stock declines. Investors face a September 8, 2026 deadline to seek lead-plaintiff status. The repeated notices add headline and legal overhang, though they do not represent new financial results or a court finding against Intuit. Class Action Filed Alleging Investor Harm

Analysts Set New Price Targets

INTU has been the subject of a number of recent research reports. UBS Group reduced their price target on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. The Goldman Sachs Group downgraded shares of Intuit from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $519.00 to $276.00 in a report on Tuesday, June 2nd. Royal Bank Of Canada reduced their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Erste Group Bank upgraded shares of Intuit to a “hold” rating in a research report on Monday, April 27th. Finally, Rothschild & Co Redburn lowered their price target on shares of Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Twenty equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $462.39.

Intuit Price Performance

NASDAQ:INTU opened at $316.07 on Friday. The stock has a market capitalization of $86.46 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $807.15. The stock’s 50-day moving average price is $289.00 and its 200-day moving average price is $382.07. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities analysts expect that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were given a $1.20 dividend. The ex-dividend date was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. Intuit’s dividend payout ratio (DPR) is 29.07%.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $309.71 per share, with a total value of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares in the company, valued at $541,992.50. The trade was a 40.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 1,239 shares of company stock valued at $348,354 in the last three months. Corporate insiders own 2.49% of the company’s stock.

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.