Banque Pictet & Cie SA Lowers Holdings in Intuit Inc. $INTU

Banque Pictet & Cie SA decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 30.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,001 shares of the software maker’s stock after selling 1,738 shares during the quarter. Banque Pictet & Cie SA’s holdings in Intuit were worth $2,650,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in INTU. Alliancebernstein L.P. lifted its stake in Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after acquiring an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. bought a new position in Intuit during the 1st quarter worth about $785,564,000. Winslow Capital Management LLC purchased a new position in Intuit during the 2nd quarter valued at about $782,677,000. Vanguard Group Inc. raised its holdings in shares of Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after purchasing an additional 914,024 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Intuit by 575.4% in the 3rd quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock valued at $602,023,000 after purchasing an additional 751,027 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity

In related news, CFO Sandeep Aujla sold 1,335 shares of Intuit 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 directly owned 536 shares in the company, valued at $337,390.56. This trade represents a 71.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the sale, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,001 shares of company stock worth $27,798,928 over the last 90 days. 2.49% of the stock is currently owned by corporate insiders.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is piloting Qodo’s AI code-review and governance platform to monitor software quality, security and compliance across its development lifecycle — a direct positive for a financial-software company where code integrity underpins customer trust and regulatory risk management. Intuit Uses Qodo AI Governance To Address Software Quality And Investor Risk
• Positive Sentiment: Intuit reports high engagement with its AI agents (85% repeat usage) and credits human-in-the-loop design — evidence the company’s AI investments are driving sticky product behavior that can boost lifetime value and cross-sell in QuickBooks/Tax. Intuit’s AI agents hit 85% repeat usage. The secret was keeping humans involved
• Positive Sentiment: Analysts remain broadly bullish on INTU after a solid fiscal-quarter beat and raised guidance, with some firms reiterating Buy ratings — supportive of medium-term upside even as targets get adjusted. Why Analysts Remain Bullish On Intuit Inc. (INTU)
• Neutral Sentiment: The Intuit Dome continued to draw high-profile events (Shakira tour stop, notable in-arena moments), which raise brand visibility for Intuit’s naming-rights asset but have limited direct impact on core software revenue. Shakira’s Las Mujeres Ya No Lloran world tour heads to the Intuit Dome
• Neutral Sentiment: Coverage of Intuit’s hiring philosophy and role in startup accounting-market reports underscore competitive positioning but are informational rather than immediate catalysts. Why Intuit’s CEO Hires for ‘Pain and Suffering’ Over Pedigree
• Negative Sentiment: Some analysts trimmed price targets (example: Freedom Capital Markets lowered its target from $820 to $600) even while keeping Buy ratings — a signal that expectations are being reset and that valuation concerns could cap near-term upside. Why Analysts Remain Bullish On Intuit Inc. (INTU)

Intuit Stock Performance

Shares of INTU stock opened at $422.48 on Friday. Intuit Inc. has a 12-month low of $349.00 and a 12-month high of $813.70. The business’s fifty day simple moving average is $439.49 and its 200-day simple moving average is $578.75. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The company has a market cap of $116.84 billion, a PE ratio of 27.36, a PEG ratio of 1.71 and a beta of 1.21.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping 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 firm had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the business earned $3.32 EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. Intuit’s payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Jefferies Financial Group set a $650.00 target price on Intuit in a report on Sunday, February 22nd. Wells Fargo & Company dropped their target price on Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. Rothschild & Co Redburn upgraded Intuit from a “neutral” rating to a “buy” rating and lifted their price target for the company from $670.00 to $700.00 in a report on Tuesday, March 10th. Finally, Wolfe Research set a $550.00 price target on Intuit and gave the stock an “outperform” rating in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $638.06.

Intuit Company 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.