Candriam S.C.A. Has $15.99 Million Position in Intuit Inc. $INTU

Key Points

• Candriam S.C.A. has reduced its holdings in Intuit Inc. by 36.8%, now owning 26,036 shares valued at approximately $15.99 million.
• Intuit reported $11.65 earnings per share for the last quarter, surpassing analysts' estimates of $10.89, alongside a revenue of $7.75 billion, which was higher than expectations.
• Analysts have rated Intuit with an average target price of $809.86, with 20 analysts giving a "Buy" rating, reflecting strong confidence in the company's future performance.

Candriam S.C.A. reduced its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 36.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,036 shares of the software maker's stock after selling 15,182 shares during the period. Candriam S.C.A.'s holdings in Intuit were worth $15,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Osterweis Capital Management Inc. boosted its position in shares of Intuit by 0.4% during the first quarter. Osterweis Capital Management Inc. now owns 43,151 shares of the software maker's stock worth $26,494,000 after buying an additional 174 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Intuit during the first quarter worth about $586,000. ZEGA Investments LLC boosted its position in shares of Intuit by 84.3% during the first quarter. ZEGA Investments LLC now owns 2,811 shares of the software maker's stock worth $1,726,000 after buying an additional 1,286 shares during the period. Decatur Capital Management Inc. boosted its position in shares of Intuit by 0.3% during the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock worth $3,069,000 after buying an additional 16 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Intuit by 20.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 64,368 shares of the software maker's stock worth $39,484,000 after buying an additional 10,764 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research report on Friday. Susquehanna restated a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. KeyCorp decreased their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research note on Friday. Wells Fargo & Company set a $880.00 price target on Intuit and gave the company an "overweight" rating in a research note on Friday, June 13th. Finally, Bank of America decreased their price target on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $797.62.

Intuit Stock Performance

Shares of NASDAQ INTU traded down $4.2310 during midday trading on Monday, hitting $658.4290. 1,459,995 shares of the company's stock were exchanged, compared to its average volume of 1,806,646. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company's 50 day moving average price is $757.08 and its 200 day moving average price is $675.53. The firm has a market capitalization of $183.67 billion, a PE ratio of 47.82, a price-to-earnings-growth ratio of 2.55 and a beta of 1.28.

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

Insider Activity at Intuit

In other news, EVP Marianna Tessel sold 34,329 shares of Intuit stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $760.84, for a total transaction of $26,118,876.36. Following the completion of the transaction, the executive vice president directly owned 40,767 shares in the company, valued at approximately $31,017,164.28. The trade was a 45.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 16,061 shares of Intuit stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $726.13, for a total value of $11,662,373.93. Following the sale, the chief financial officer directly owned 197 shares of the company's stock, valued at approximately $143,047.61. The trade was a 98.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,800 shares of company stock worth $209,725,054 in the last three months. 2.68% of the stock is owned by company insiders.

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.