LGT Group Foundation Has $57.02 Million Stake in Intuit Inc. $INTU

LGT Group Foundation raised its position in Intuit Inc. (NASDAQ:INTU) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 83,919 shares of the software maker’s stock after buying an additional 2,515 shares during the quarter. LGT Group Foundation’s holdings in Intuit were worth $57,023,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its stake in Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after acquiring an additional 27 shares during the last quarter. Sagard Holdings Management Inc. bought a new stake in Intuit during the second quarter worth $28,000. True Wealth Design LLC boosted its holdings in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of Intuit in the 2nd quarter valued at $33,000. Finally, Kilter Group LLC acquired a new position in shares of Intuit during the 2nd quarter worth $35,000. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INTU. Truist Financial started coverage on Intuit in a research report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 target price on the stock. Barclays dropped their target price on shares of Intuit from $785.00 to $540.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Wolfe Research decreased their price target on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Northcoast Research raised shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective for the company in a research note on Friday. Finally, The Goldman Sachs Group decreased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $642.32.

Intuit Price Performance

INTU stock opened at $481.17 on Monday. The company has a fifty day moving average price of $503.41 and a 200-day moving average price of $607.54. The company has a market capitalization of $133.07 billion, a P/E ratio of 31.16, a PEG ratio of 1.93 and a beta of 1.27. Intuit Inc. has a 52-week low of $349.00 and a 52-week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data 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 company 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%. Intuit’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous 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. As a group, equities analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s payout ratio is currently 31.09%.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 earnings beat & guidance: Intuit reported a better‑than‑expected quarter (EPS and revenue beats, revenue +17% y/y) and set Q3/FY26 guidance that supports continued growth — this is the main fundamental driver for the rally. INTU Stock Rises 18.3% Post Q2 Earnings
• Positive Sentiment: Big AI partnership: Intuit announced a broad collaboration with Anthropic to build customizable AI agents for mid‑market customers — this supports product differentiation, upsell potential and the company’s AI-driven revenue narrative. Intuit Anthropic AI Agents Aim To Deepen Mid Market Integration
• Positive Sentiment: Analyst upgrades & upside to price targets: Multiple firms raised or reiterated bullish ratings (Northcoast upgrade to Buy with $575 PT; Argus strong‑buy; the consensus analyst targets imply material upside), underpinning investor confidence. Finviz (Northcoast upgrade) Wall Street Analysts Predict a 33.67% Upside
• Positive Sentiment: Sector rotation into software: Broader flows have favored software this week vs. semiconductors, lifting beaten-down software names including Intuit and providing a momentum tailwind. Tech Rotation Swings Back Toward Software
• Neutral Sentiment: Momentum & valuation questions: The stock has had a sharp multi‑day run (Forbes notes a 7‑day +30% move), prompting debate over whether the rally is overextended vs. justified by fundamentals. Monitor near‑term profit‑taking risk. Is Intuit Stock Rally Overextended Or Just Getting Started?
• Neutral Sentiment: Earnings acceleration theme: Screens and analyst commentary highlight improving EPS revisions and acceleration metrics — bullish signal, but execution and AI monetization will determine durability. 3 Best Earnings Acceleration Stocks to Buy in March 2026
• Negative Sentiment: Some price‑target trims despite buy ratings: A number of firms trimmed targets (Daiwa, TD Cowen, Mizuho, JPMorgan) even while keeping buy ratings — this signals varied views on upside and valuation sensitivity. That increases short‑term volatility risk if guidance/AI execution falters. Daiwa Lowers PT to $640

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the sale, the director directly owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 194,596 shares of company stock worth $128,706,764. 2.49% of the stock is owned by company 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.