Groupama Asset Managment Grows Stake in Intuit Inc. $INTU

Groupama Asset Managment raised its position in shares of Intuit Inc. (NASDAQ:INTU) by 113.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Sagard Holdings Management Inc. purchased a new position in Intuit in the second quarter valued at about $28,000. MTM Investment Management LLC lifted its position in shares of Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after buying an additional 27 shares during the last quarter. Total Investment Management Inc. purchased a new stake in shares of Intuit during the second quarter valued at about $33,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Intuit in the 3rd quarter valued at about $33,000. Finally, Kilter Group LLC purchased a new position in shares of Intuit in the 2nd quarter worth approximately $35,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on INTU. Guggenheim set a $633.00 price objective on shares of Intuit in a research note on Monday. Oppenheimer lowered their target price on shares of Intuit from $696.00 to $558.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. BNP Paribas Exane raised Intuit from an “underperform” rating to a “neutral” rating and set a $463.00 price target on the stock in a research report on Monday. Finally, Daiwa Securities Group decreased their price objective on Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $638.06.

Intuit News Summary

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

Intuit Trading Up 1.9%

NASDAQ:INTU opened at $455.24 on Friday. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70. The firm has a fifty day simple moving average of $466.88 and a 200-day simple moving average of $594.81. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $125.90 billion, a P/E ratio of 29.48, a PEG ratio of 1.80 and a beta of 1.26.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.53 billion. During the same period in the previous year, the company earned $3.32 earnings per share. The business’s quarterly 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 anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

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 paid a $1.20 dividend. This represents a $4.80 annualized dividend 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%.

Insider Transactions at Intuit

In related news, Director Scott D. Cook sold 75,000 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the transaction, the director owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. This represents a 1.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This represents a 75.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 119,403 shares of company stock valued at $79,242,742. 2.49% of the stock is owned by company insiders.

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.