Intuit Inc. $INTU Shares Sold by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 452,683 shares of the software maker’s stock after selling 2,851 shares during the period. Intuit accounts for 5.5% of Comgest Global Investors S.A.S.’s investment portfolio, making the stock its 8th largest position. Comgest Global Investors S.A.S. owned 0.16% of Intuit worth $309,142,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after buying an additional 482 shares during the period. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit during the 1st quarter worth approximately $785,564,000. Sivia Capital Partners LLC raised its position in shares of Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after buying an additional 166 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Intuit by 20.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock valued at $751,000 after acquiring an additional 163 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit 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 transaction, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the business’s 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 transaction, the director directly owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 388,464 shares of company stock worth $255,514,393 over the last ninety days. Insiders own 2.49% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Launched a construction edition of its Enterprise Suite — an AI-driven ERP aimed at the ~ $2 trillion construction market, expanding Intuit’s addressable market and cross-sell opportunities in mid-market ERP. Intuit Targets $2 Trillion Construction Market With New AI Suite
• Positive Sentiment: Expanded partnership with Wix to integrate website and financial tools for small businesses, which supports subscription growth and customer stickiness in SMB products. Wix, Intuit Expand Partnership To Power Small Business Growth
• Neutral Sentiment: Analysts continue to lean positive overall — INTU carries an average “Moderate Buy” consensus, which supports longer-term investor confidence but leaves short-term sensitivity to guidance and macro factors. Intuit Inc. Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Company is expected to report earnings soon (projected to post on Thursday); upcoming results and any guidance will likely be the next major catalyst. Intuit (INTU) Projected to Post Earnings on Thursday
• Negative Sentiment: TD Cowen lowered its price target on INTU, putting near-term pressure on the stock and giving traders a nearer-term bearish signal to price in. TD Cowen Lowers PT on Intuit Inc. (INTU) Stock
• Negative Sentiment: Broader software-sector selloff tied to renewed AI fears (Anthropic’s Claude update and skeptical analyst commentary) has weighed on Intuit alongside peers, increasing volatility despite Intuit’s fundamentals. Software Stocks—Oracle, Intuit, More—Fall As Anthropic’s Latest Claude Model Fuels AI Concerns

Intuit Trading Up 2.7%

NASDAQ INTU opened at $389.57 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $108.41 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.55 and a beta of 1.24. The firm has a 50 day simple moving average of $566.24 and a 200-day simple moving average of $635.57. Intuit Inc. has a one year low of $375.40 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share 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 firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm earned $2.50 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Analyst Ratings Changes

INTU has been the subject of several recent analyst reports. Wolfe Research cut their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. Daiwa Securities Group upped their target price on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Wells Fargo & Company reiterated an “equal weight” rating and set a $700.00 price target (down from $840.00) on shares of Intuit in a research report on Thursday, January 8th. Finally, Weiss Ratings downgraded shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. Twenty-two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $772.42.

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.