Intuit Inc. $INTU Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. has reduced its holdings in Intuit Inc. by 15.0%, now owning 591,194 shares valued at approximately $362,985,000.
• Insider transactions show significant selling, with EVP Laura A. Fennell and EVP Marianna Tessel selling shares, decreasing their ownership by 52.94% and 45.71%, respectively.
• Intuit recently announced a quarterly dividend of $1.04 per share, resulting in an annualized yield of 0.6% and a payout ratio of 33.77%.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 15.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591,194 shares of the software maker's stock after selling 104,694 shares during the quarter. Intuit accounts for approximately 1.0% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s investment portfolio, making the stock its 15th largest holding. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.21% of Intuit worth $362,985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Copia Wealth Management bought a new position in Intuit in the fourth quarter worth about $25,000. Heck Capital Advisors LLC bought a new position in Intuit in the fourth quarter worth about $28,000. Olde Wealth Management LLC bought a new position in Intuit in the first quarter worth about $37,000. Atlantic Edge Private Wealth Management LLC raised its holdings in Intuit by 523.1% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock worth $50,000 after purchasing an additional 68 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new position in Intuit in the first quarter worth about $50,000. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intuit

In related news, CAO Lauren D. Hotz sold 1,738 shares of the 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 represents a 79.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the transaction, the director owned 15,474 shares in the company, valued at approximately $11,890,685.82. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 279,800 shares of company stock valued at $209,725,054. Insiders own 2.68% of the company's stock.

Intuit Stock Down 5.0%

Shares of INTU stock traded down $35.10 during trading hours on Friday, reaching $662.66. 6,170,262 shares of the company's stock were exchanged, compared to its average volume of 1,807,863. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The stock has a market cap of $184.85 billion, a PE ratio of 53.79, a PEG ratio of 2.69 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29. The stock's fifty day moving average price is $758.91 and its two-hundred day moving average price is $673.86.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 21.46% and a net margin of 19.07%.The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm earned $1.99 earnings per share. The company's revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on INTU shares. Jefferies Financial Group set a $850.00 target price on shares of Intuit and gave the stock a "buy" rating in a report on Friday, May 23rd. Citigroup reduced their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday. Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Stifel Nicolaus reduced their target price on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a report on Friday. Finally, KeyCorp reduced their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $797.62.

About Intuit

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.