Groupe la Francaise Has $5.83 Million Stock Holdings in Intuit Inc. $INTU

Key Points

• Groupe la Francaise has lowered its stock position in Intuit Inc. (NASDAQ:INTU) by 30.8%, owning 9,482 shares valued at approximately $5.83 million as per its recent SEC filing.
• Significant insider selling occurred, with CFO Sandeep Aujla and EVP Laura A. Fennell selling a combined 41,709 shares worth over $30 million, indicating a reduction in their ownership stakes.
• Analysts have mixed views on Intuit's stock, with ratings ranging from "Strong Buy" to "Sell" and a consensus target price of $797.62, reflecting fluctuations in investor confidence.

Groupe la Francaise lowered its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 30.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,482 shares of the software maker's stock after selling 4,213 shares during the quarter. Groupe la Francaise's holdings in Intuit were worth $5,834,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC increased its position in shares of Intuit by 1.9% during the 1st quarter. Kestra Advisory Services LLC now owns 10,371 shares of the software maker's stock worth $6,368,000 after purchasing an additional 194 shares in the last quarter. Circle Wealth Management LLC increased its position in shares of Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after purchasing an additional 865 shares in the last quarter. Compound Planning Inc. increased its position in shares of Intuit by 28.4% during the 1st quarter. Compound Planning Inc. now owns 3,251 shares of the software maker's stock worth $1,996,000 after purchasing an additional 719 shares in the last quarter. Norinchukin Bank The increased its position in shares of Intuit by 43.3% during the 1st quarter. Norinchukin Bank The now owns 23,596 shares of the software maker's stock worth $14,488,000 after purchasing an additional 7,132 shares in the last quarter. Finally, Summit Financial LLC increased its position in shares of Intuit by 4.4% during the 1st quarter. Summit Financial LLC now owns 3,735 shares of the software maker's stock worth $2,294,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Up 0.4%

Shares of NASDAQ INTU traded up $2.58 during mid-day trading on Tuesday, hitting $659.54. The company's stock had a trading volume of 3,762,506 shares, compared to its average volume of 2,044,962. The stock has a market cap of $183.98 billion, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 2.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company's fifty day simple moving average is $752.75 and its 200-day simple moving average is $675.97.

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

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is 30.28%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on INTU shares. Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the company a "buy" rating in a research report on Friday, May 23rd. Piper Sandler restated an "overweight" rating and issued a $825.00 price objective (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Evercore ISI raised their price objective on shares of Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Finally, Barclays lowered their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Insider Transactions at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 42 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the sale, the chief financial officer owned 831 shares in the company, valued at approximately $552,606.69. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,650 shares of company stock valued at $113,959,883. Corporate insiders own 2.68% of the company's stock.

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.