Amundi Boosts Stock Position in Intuit Inc. $INTU

Key Points

• Amundi increased its Intuit stake by 36.2% in the second quarter, adding 565,214 shares to own 2.13 million shares valued at approximately $555.5 million. Institutional investors collectively hold 83.66% of Intuit’s stock.
• Intuit reported quarterly EPS of $4.03, exceeding estimates by $0.45, while revenue rose 13.7% year over year to $4.35 billion. The company also raised its quarterly dividend to $1.38 per share, implying a 1.7% annual yield.
• Analyst sentiment is mixed: Intuit has an average “Hold” rating and a consensus price target of $434.68, while Wells Fargo recently cut its target to $300. Insiders have sold 2,146 shares worth about $662,666 over the past 90 days.

Amundi grew its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 36.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,128,372 shares of the software maker's stock after purchasing an additional 565,214 shares during the quarter. Amundi owned approximately 0.78% of Intuit worth $555,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. XXEC Inc. purchased a new position in Intuit during the 2nd quarter valued at approximately $436,740,000. California State Teachers Retirement System lifted its stake in shares of Intuit by 25,506.0% during the 2nd quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker's stock worth $28,277,368,000 after acquiring an additional 107,919,292 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Intuit during the second quarter worth $6,851,859,000. Corient Private Wealth LP purchased a new stake in Intuit in the 2nd quarter valued at about $40,545,000. Finally, Norges Bank purchased a new stake in shares of Intuit in the fourth quarter valued at approximately $3,058,407,000. Institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

INTU opened at $332.70 on Monday. The firm has a market capitalization of $91.01 billion, a PE ratio of 20.16, a P/E/G ratio of 0.95 and a beta of 0.98. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $705.08. The firm has a 50 day moving average of $315.84 and a two-hundred day moving average of $354.07. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm's revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, analysts anticipate that Intuit Inc. will post 23.49 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Thursday, October 8th. This is a boost from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. Intuit's dividend payout ratio is presently 29.09%.

Insider Activity at Intuit

In related news, CAO Lauren D. Hotz sold 907 shares of the firm's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the transaction, the director directly owned 11,758 shares of the company's stock, valued at $3,084,358.56. The trade was a 2.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 2,146 shares of company stock worth $662,666. Insiders own 2.49% of the company's stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit will host its annual Investor Day on Sept. 17, where management may provide additional detail on its growth strategy, product outlook and financial targets. The event could help investors reassess the company’s recently issued fiscal 2027 guidance. Intuit to Host Annual Investor Day on September 17
• Positive Sentiment: CFO Sandeep Aujla is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on Sept. 10, giving investors another opportunity to hear management address growth, demand and guidance. Intuit CFO Sandeep Aujla to Present at the Goldman Sachs Communacopia + Technology Conference
• Neutral Sentiment: KeyCorp’s fiscal 2027 EPS estimate of $23.06 is essentially in line with the roughly $23.03 consensus estimate, suggesting no meaningful new earnings revision from that coverage. KeyCorp Intuit earnings estimates
• Negative Sentiment: Several law firms announced or promoted securities-fraud class actions involving Intuit, with a Sept. 8 lead-plaintiff deadline. The allegations reportedly concern statements about TurboTax growth and cover periods ranging from February or August 2025 through May or June 2026. Although the notices do not establish wrongdoing, the repeated litigation coverage raises reputational, legal-cost and potential-liability concerns. Intuit Securities Fraud Lawsuit Deadline Intuit Investor Class Action

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Intuit from $360.00 to $300.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 26th. TD Cowen reaffirmed a "buy" rating on shares of Intuit in a research report on Tuesday, August 18th. Northcoast Research decreased their price objective on shares of Intuit from $575.00 to $465.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. KeyCorp set a $400.00 target price on shares of Intuit in a research note on Wednesday, August 26th. Finally, HSBC dropped their target price on shares of Intuit from $897.00 to $707.00 and set a "buy" rating on the stock in a research report on Friday, May 22nd. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $434.68.

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.

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