Amova Asset Management Americas Inc. Lowers Holdings in Intuit Inc. $INTU

Amova Asset Management Americas Inc. lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 29.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,938 shares of the software maker’s stock after selling 20,964 shares during the period. Amova Asset Management Americas Inc.’s holdings in Intuit were worth $34,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in INTU. Tortoise Investment Management LLC raised its holdings in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares in the last quarter. Westside Investment Management Inc. increased its position in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares during the last quarter. Sagard Holdings Management Inc. purchased a new stake in Intuit during the second quarter valued at $28,000. True Wealth Design LLC lifted its position in Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares during the last quarter. Finally, MTM Investment Management LLC grew its stake in shares of Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after buying an additional 27 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a broad partnership with Anthropic to build customizable AI agents deeply integrated into Intuit products for mid‑market businesses — aimed at automating accounting, tax and operational workflows and accelerating adoption and ARPU expansion. Intuit Anthropic AI Agents Aim To Deepen Mid Market Integration
• Positive Sentiment: Analysts/commentators arguing Intuit will survive a broader “SaaS‑pocalypse” and that recent weakness creates a buying opportunity have likely drawn investor interest, supporting a rebound as AI integration is highlighted as a competitive moat. Down 47%, Here’s Why Intuit Will Survive the SaaS-Pocalypse.
• Positive Sentiment: Mendelson Consulting was named an official reseller of the Intuit Enterprise Suite, expanding go‑to‑market reach for enterprise products and creating a channel to accelerate sales to larger SMB and mid‑market customers. Mendelson Consulting Named Official Reseller of Intuit Enterprise Suite
• Neutral Sentiment: Coverage and analysis pieces (e.g., Diginomica) emphasize Intuit’s strategy of partnering with major LLM providers (OpenAI/Anthropic) rather than building everything in‑house — a strategic choice that reduces execution risk but leaves some model dependency. Living with the LLMs – how Intuit ignores the ‘SaaSpocalypse’
• Neutral Sentiment: Several “buy/hold/sell” and roundup articles are discussing the Anthropic tie‑up and Intuit’s longer‑term prospects — they help visibility but are primarily commentary rather than new catalysts. As Intuit Partners with Anthropic, Should You Buy, Sell, or Hold INTU Stock?
• Negative Sentiment: Argus lowered its price target on INTU from $780 to $580 (while keeping a Buy rating). The 31.8% reduction in target trims the analyst‑driven upside and could cap some gains even as sentiment improves. Argus Adjusts Price Target on Intuit to $580 from $780; Maintains Buy

Insiders Place Their Bets

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 269,596 shares of company stock valued at $178,119,764 in the last three months. 2.49% of the stock is currently owned by company insiders.

Intuit Stock Up 1.6%

NASDAQ:INTU opened at $440.14 on Thursday. The company’s 50-day simple moving average is $511.47 and its 200-day simple moving average is $611.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. Intuit Inc. has a fifty-two week low of $349.00 and a fifty-two week high of $813.70. The stock has a market capitalization of $121.72 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.76 and a beta of 1.26.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the company posted $3.32 EPS. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s dividend payout ratio is presently 31.09%.

Analyst Ratings Changes

INTU has been the topic of several recent research reports. Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Citigroup cut their price objective on shares of Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Royal Bank Of Canada lowered their target price on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Independent Research set a $875.00 price target on Intuit in a research note on Tuesday, November 18th. Finally, KeyCorp dropped their price objective on Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Twenty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $654.07.

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; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.