AG2R LA Mondiale Gestion D Actifs Makes New $6.36 Million Investment in Intuit Inc. $INTU

Key Points

• AG2R LA Mondiale Gestion D Actifs has invested approximately $6.36 million into Intuit Inc., acquiring 10,352 shares in the 1st quarter.
• Intuit recently declared a quarterly dividend of $1.20 per share, up from the prior dividend of $1.04, with the new dividend set to be paid on October 17.
• Analysts have mixed ratings for Intuit's stock, with price targets ranging from $785.00 to $870.00, indicating a general optimism despite some price cuts.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,352 shares of the software maker's stock, valued at approximately $6,356,000.

Several other hedge funds also recently modified their holdings of the stock. Copia Wealth Management bought a new stake in Intuit during the 4th quarter valued at $25,000. Heck Capital Advisors LLC bought a new stake in Intuit during the 4th quarter valued at $28,000. Vista Cima Wealth Management LLC purchased a new position in Intuit during the 1st quarter worth $31,000. CBIZ Investment Advisory Services LLC boosted its holdings in Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after acquiring an additional 47 shares during the last quarter. Finally, TD Capital Management LLC boosted its holdings in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of analyst reports. Barclays cut their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. Bank of America reduced their price target on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. BMO Capital Markets increased their price target on shares of Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group increased their price target on shares of Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $797.62.

Insider Buying and Selling at Intuit

In other news, CAO Lauren D. Hotz sold 1,738 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $784.09, for a total value of $1,362,748.42. Following the transaction, the chief accounting officer owned 455 shares in the company, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 2,591 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the completion of the transaction, the chief financial officer owned 768 shares in the company, valued at $600,744.96. This represents a 77.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is currently owned by corporate insiders.

Intuit Trading Up 0.6%

Intuit stock opened at $660.52 on Friday. The stock has a market cap of $184.16 billion, a P/E ratio of 48.07, a PEG ratio of 2.53 and a beta of 1.26. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm's fifty day moving average price is $728.22 and its 200-day moving average price is $682.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same period last year, the firm posted $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit's dividend payout ratio (DPR) is 34.93%.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

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