Renaissance Group LLC Sells 7,057 Shares of Intuit Inc. $INTU

Renaissance Group LLC reduced its stake in Intuit Inc. (NASDAQ:INTU) by 15.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,282 shares of the software maker’s stock after selling 7,057 shares during the period. Renaissance Group LLC’s holdings in Intuit were worth $26,143,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in INTU. Vanguard Group Inc. boosted its position in Intuit by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after buying an additional 377,657 shares during the period. State Street Corp raised its stake in shares of Intuit by 1.0% during the second quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock valued at $10,022,059,000 after acquiring an additional 125,990 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Intuit by 1.8% during the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock worth $5,042,107,000 after purchasing an additional 115,721 shares during the period. Norges Bank bought a new stake in shares of Intuit in the second quarter worth about $3,268,830,000. Finally, Invesco Ltd. grew its stake in shares of Intuit by 13.2% in the second quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock worth $2,745,492,000 after purchasing an additional 407,078 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets dropped their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. The Goldman Sachs Group initiated coverage on Intuit in a report on Monday, January 12th. They set a “neutral” rating and a $720.00 target price for the company. Evercore reiterated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $700.00 target price (down from $840.00) on shares of Intuit in a research report on Thursday, January 8th. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $785.12.

Intuit Stock Performance

Shares of Intuit stock opened at $443.77 on Friday. Intuit Inc. has a 12 month low of $411.11 and a 12 month high of $813.70. The firm has a market capitalization of $123.49 billion, a P/E ratio of 30.33, a P/E/G ratio of 1.78 and a beta of 1.24. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $606.28 and a two-hundred day simple moving average of $657.96.

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

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Insider Buying and Selling

In other news, Director Scott D. Cook sold 1,402 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the sale, the director directly owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 536 shares of the company’s stock, valued at $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is owned by company insiders.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is consolidating its accountant-facing products by replacing QuickBooks Online Accountant with a unified Intuit Accountant Suite — a move that could boost retention, simplify upsells to bookkeeping and advisory services, and improve lifetime value of accountant customers. Intuit replacing QuickBooks Online Accountant with Intuit Accountant Suite
• Positive Sentiment: High-profile endorsement: Jim Cramer publicly called Intuit “a very good company,” which can lift retail sentiment and trading flows in the short term. Such endorsements often amplify positive headlines after strong results. Jim Cramer on Intuit: “This Is a Very Good Company”
• Positive Sentiment: Partnership expansion: Intuit’s collaboration with Affirm to support SMB payments could deepen payments and financing revenue streams for TurboTax/QuickBooks customers, helping monetization and cross-sell into small-business flows. How Will SMBs Benefit from Intuit and Affirm’s Partnership?
• Positive Sentiment: Macro tech tailwinds: coverage noting AI is reshaping software cites Intuit among companies positioned to benefit from AI-driven product upgrades and higher software value per customer — a structural positive for long-term revenue and margins. AI Is Eating Software. Just Look at the Stock Market
• Neutral Sentiment: Analyst and independent bullish take: a published bull-case thesis reiterates strengths (recurring revenue, cross-sell) but is analytic rather than news-driving; useful for longer-term thesis but limited immediate price impact. Intuit Inc. (INTU): A Bull Case Theory
• Neutral Sentiment: PR/brand visibility: Intuit hosted a financial literacy forum with celebrity presence at the Super Bowl — good for brand and engagement but limited direct revenue impact. McCaffrey Headlines Intuit Financial Literacy Forum At Super Bowl LX
• Neutral Sentiment: Promotions: TurboTax consumer deals lower acquisition cost for some filers (good for share gains), but seasonal discounts are typical and have modest one-off impact. Taxes aren’t fun, but at least you can save with TurboTax!
• Negative Sentiment: Analyst pressure: Oppenheimer lowered expectations for Intuit, reducing near-term growth/profit forecasts — a catalyst that prompted sell-side reevaluation and heavier trading. Oppenheimer Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price
• Negative Sentiment: Downgrade-driven volatility: a separate note reports INTU trading down after an analyst downgrade — this explains near-term selling pressure despite broader positives. Intuit (NASDAQ:INTU) Trading Down 7.3% After Analyst Downgrade
• Negative Sentiment: Product outage risk: a TurboTax issue prevented filing of NY state returns for some users — a customer service problem that could raise short-term reputation and support costs if widespread. Turbo Tax issue prevents filing of NY State returns

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.