Intuit Inc. $INTU Shares Sold by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. reduced its stake in Intuit Inc. (NASDAQ:INTU) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,136 shares of the software maker’s stock after selling 6,802 shares during the period. Amova Asset Management Americas Inc.’s holdings in Intuit were worth $29,235,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after acquiring an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the first quarter worth about $785,564,000. Sivia Capital Partners LLC increased its position in shares of Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after acquiring an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC lifted its stake in shares of Intuit by 12.2% in the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after acquiring an additional 51 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of INTU opened at $293.78 on Wednesday. The stock has a market capitalization of $80.36 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.12 and a beta of 0.98. The business’s fifty day moving average price is $372.58 and its 200 day moving average price is $480.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a 12-month low of $291.18 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the business posted $11.65 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts forecast that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit continues to highlight solid underlying business trends, including roughly 10%+ revenue growth and management commentary from recent conference appearances that can help reassure investors about the company’s long-term fundamentals.
• Positive Sentiment: Recent coverage still frames Intuit as a growth stock, and some analysts/investors point to share repurchases, dividend increases, and strength in key segments like tax and payments as signs of ongoing cash generation and confidence in the business.
• Neutral Sentiment: Multiple conference transcript posts from the Mizuho Technology Conference and Nasdaq & Jefferies investor conference likely kept Intuit in focus, but these appear to be informational rather than new catalysts.
• Neutral Sentiment: MarketWatch-style relative-performance and benchmarking pieces suggest INTU has been lagging peers, but these articles mainly reflect comparison-based weakness rather than a company-specific shock.
• Neutral Sentiment: Short-interest data showed no meaningful change, so it does not appear to be a major driver of the stock move.
• Negative Sentiment: The biggest pressure point is a wave of securities-fraud and investor-investigation headlines tied to alleged pricing issues around TurboTax and the post-earnings selloff, which can weigh on sentiment and raise litigation overhang concerns. Article Title
• Negative Sentiment: Additional law-firm investigations from Pomerantz, KSF, and BFA reinforce the same legal-risk narrative, which can keep INTU under pressure even if fundamentals remain intact. Article Title
• Negative Sentiment: Articles noting Intuit as one of the worst performers in the Nasdaq 100 this year may be fueling momentum selling and “bad news is bad news” trading behavior.

Analyst Ratings Changes

Several research firms have issued reports on INTU. JPMorgan Chase & Co. dropped their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. BNP Paribas Exane reduced their target price on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Truist Financial decreased their price target on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Guggenheim set a $633.00 price target on shares of Intuit in a report on Monday, March 16th. Finally, Evercore reduced their price objective on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $514.58.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Vasant M. Prabhu bought 500 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. The trade was a 40.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.49% of the company’s stock.

About Intuit

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.