Groupama Asset Managment Sells 1,220 Shares of Intuit Inc. $INTU

Key Points

• Groupama Asset Management reduced its stake in Intuit Inc. by 18.6%, selling 1,220 shares and now holding 5,337 shares valued at approximately $3.2 million.
• Institutional investors own 83.66% of Intuit's stock, with several firms significantly increasing their positions in the company during the last quarter.
• Intuit's stock recently received multiple upgrades from analysts, with a consensus price target of $809.86 following strong quarterly earnings that exceeded expectations.

Groupama Asset Managment trimmed its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 18.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,337 shares of the software maker's stock after selling 1,220 shares during the period. Groupama Asset Managment's holdings in Intuit were worth $3,196,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock worth $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC increased its stake in Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after purchasing an additional 482 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Intuit by 14.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock worth $1,252,000 after buying an additional 248 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Intuit by 1.9% in the fourth quarter. MML Investors Services LLC now owns 32,255 shares of the software maker's stock valued at $20,272,000 after buying an additional 596 shares in the last quarter. Finally, Alta Advisers Ltd lifted its stake in shares of Intuit by 16.0% in the fourth quarter. Alta Advisers Ltd now owns 928 shares of the software maker's stock valued at $583,000 after buying an additional 128 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on INTU shares. Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Evercore ISI boosted their price objective on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Wall Street Zen raised Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Barclays restated an "overweight" rating and issued a $815.00 target price (up previously from $775.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Intuit has an average rating of "Moderate Buy" and a consensus price target of $809.86.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 16,061 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $726.13, for a total transaction of $11,662,373.93. Following the sale, the chief financial officer directly owned 197 shares of the company's stock, valued at $143,047.61. This represents a 98.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott D. Cook sold 72,442 shares of Intuit stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the completion of the transaction, the insider owned 6,063,495 shares of the company's stock, valued at $4,494,808,208.55. The trade was a 1.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 279,800 shares of company stock worth $209,725,054. 2.68% of the stock is owned by company insiders.

Intuit Stock Down 2.3%

Intuit stock opened at $701.03 on Wednesday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The firm has a 50 day moving average price of $761.59 and a 200-day moving average price of $673.01. The company has a market capitalization of $195.55 billion, a P/E ratio of 56.90, a P/E/G ratio of 2.76 and a beta of 1.28. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping analysts' consensus estimates of $10.89 by $0.76. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The company had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the previous year, the firm posted $9.88 EPS. Intuit's revenue was up 15.1% on a year-over-year basis. Intuit has set its Q4 2025 guidance at 2.630-2.680 EPS. FY 2025 guidance at 20.070-20.120 EPS. As a group, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.