Banque Pictet & Cie SA Sells 1,738 Shares of Intuit Inc. $INTU

Banque Pictet & Cie SA trimmed its position in Intuit Inc. (NASDAQ:INTU) by 30.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in INTU. Sagard Holdings Management Inc. purchased a new position in Intuit during the 2nd quarter valued at approximately $28,000. MTM Investment Management LLC raised its holdings in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after acquiring an additional 27 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of Intuit during the 2nd quarter valued at approximately $33,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Intuit in the third quarter valued at $33,000. Finally, Kilter Group LLC purchased a new position in shares of Intuit in the second quarter valued at $35,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Trading Down 0.8%

INTU opened at $422.48 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50 day moving average price is $439.49 and its 200-day moving average price is $578.75. Intuit Inc. has a one year low of $349.00 and a one year high of $813.70. The stock has a market cap of $116.84 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 1.71 and a beta of 1.21.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.Intuit’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $3.32 EPS. 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 forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s payout ratio is currently 31.09%.

Analysts Set New Price Targets

INTU has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Jefferies Financial Group set a $650.00 price objective on shares of Intuit in a research note on Sunday, February 22nd. Guggenheim set a $633.00 target price on shares of Intuit in a report on Monday, March 16th. Barclays reaffirmed an “overweight” rating and issued a $540.00 price target on shares of Intuit in a report on Monday, March 16th. Finally, Citigroup dropped their price target on Intuit from $803.00 to $649.00 and set a “buy” rating for the company in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $638.06.

Key Headlines Impacting 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)

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares in the company, valued at $337,390.56. This represents a 71.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 43,001 shares of company stock worth $27,798,928. Insiders own 2.49% of the company’s stock.

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.