iA Global Asset Management Inc. Purchases 2,092 Shares of Intuit Inc. $INTU

iA Global Asset Management Inc. increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 6.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,368 shares of the software maker’s stock after buying an additional 2,092 shares during the period. iA Global Asset Management Inc.’s holdings in Intuit were worth $22,787,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of INTU. Tortoise Investment Management LLC lifted its stake in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares during the period. Westside Investment Management Inc. increased its holdings 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 in the last quarter. Dogwood Wealth Management LLC lifted its stake in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after buying an additional 19 shares during the period. Sagard Holdings Management Inc. acquired a new position in Intuit in the second quarter valued at approximately $28,000. Finally, True Wealth Design LLC grew its position in shares of Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after buying an additional 27 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Up 4.3%

INTU opened at $547.69 on Friday. Intuit Inc. has a fifty-two week low of $520.69 and a fifty-two week high of $813.70. The firm has a market capitalization of $152.41 billion, a PE ratio of 37.44, a P/E/G ratio of 2.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50-day moving average is $639.19 and its 200 day moving average is $678.06.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the company posted $2.50 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were paid a dividend of $1.20 per share. The ex-dividend date was Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.9%. Intuit’s dividend payout ratio (DPR) is 32.81%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on INTU shares. Evercore ISI reiterated an “outperform” rating and set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $700.00 price target (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. The Goldman Sachs Group began coverage on shares of Intuit in a research report on Monday, January 12th. They set a “neutral” rating and a $720.00 price objective on the stock. Independent Research set a $875.00 target price on Intuit in a research note on Tuesday, November 18th. Finally, BMO Capital Markets dropped their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $794.62.

Insider Activity

In related news, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the 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 trade represents a 75.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 388,464 shares of company stock valued at $255,514,393 over the last quarter. 2.49% of the stock is owned by insiders.

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.