Amova Asset Management Americas Inc. Sells 20,964 Shares of Intuit Inc. $INTU

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its position in 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 purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. raised 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 valued at $27,000 after purchasing an additional 21 shares during the last quarter. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit during the second quarter valued at about $28,000. True Wealth Design LLC grew its holdings in shares of Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares during the last quarter. Finally, MTM Investment Management LLC increased its stake in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after buying an additional 27 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $440.14 on Thursday. The company’s 50 day simple moving average is $511.47 and its two-hundred day simple moving average is $611.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. Intuit Inc. has a 1 year low of $349.00 and a 1 year high of $813.70. The stock has a market capitalization of $121.72 billion, a PE ratio of 28.51, a P/E/G ratio of 1.76 and a beta of 1.26.

Intuit (NASDAQ:INTU) last released its quarterly 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. The firm had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.32 earnings per share. 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 predict 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. Shareholders of record on Thursday, April 9th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 31.09%.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. The trade was a 2.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value 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 $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 269,596 shares of company stock worth $178,119,764 over the last 90 days. 2.49% of the stock is owned by company insiders.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BNP Paribas Exane cut their target price on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a research report on Monday, February 23rd. Susquehanna cut their target price on Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a research report on Tuesday, February 24th. Daiwa Securities Group raised their price target on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. dropped their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Finally, Mizuho cut their target price on Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research report on Monday. Twenty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $654.07.

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.