Swiss Life Asset Management Ltd Sells 2,858 Shares of Intuit Inc. $INTU

Swiss Life Asset Management Ltd reduced its stake in Intuit Inc. (NASDAQ:INTU) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,376 shares of the software maker’s stock after selling 2,858 shares during the period. Swiss Life Asset Management Ltd’s holdings in Intuit were worth $71,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTU. Sagard Holdings Management Inc. bought a new position in shares of Intuit in the second quarter worth approximately $28,000. Total Investment Management Inc. bought a new stake in Intuit during the 2nd quarter valued at $33,000. Kilter Group LLC bought a new stake in Intuit during the 2nd quarter valued at $35,000. MTM Investment Management LLC boosted its position in Intuit by 135.0% during the 3rd 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. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Intuit during the 3rd quarter valued at $33,000. Institutional investors own 83.66% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Management moved to increase share repurchases and halted planned leadership stock sales, supporting near-term buy-side demand and signaling confidence from the company. Intuit steps up share buybacks as leadership halts planned stock sales
• Positive Sentiment: Multiple sell-side reports and media pieces highlight an overall “buy” consensus and at least one recent rating upgrade, which can support demand and limit downside. Wall Street Analysts See Intuit (INTU) as a Buy: Should You Invest?
• Positive Sentiment: Intuit is publicly pushing back on AI-disruption fears, arguing its value is “confidence” in financial outcomes — a defense of pricing power and customer stickiness if convincing to investors. Why Intuit says it is insulated from AI disruption
• Neutral Sentiment: Seasonal TurboTax promotions and consumer deals are active (tax‑season demand driver), helpful for near-term revenue but not a material strategic shift. TurboTax deals: Tax day is almost here!
• Neutral Sentiment: Analyst commentary (Zacks/Yahoo roundups) notes AI fears have pressured software names but also points to Intuit’s long-term upside vs. prior highs — mixed near-term sentiment. Wall Street Analysts See Intuit (INTU) as a Buy: Should You Invest?
• Negative Sentiment: Legislative risk: Senator Warren’s Direct File Act would expand a government-run free tax‑filing option — a structural threat to TurboTax if enacted, and a meaningful long-term risk priced by investors. New Bill: Senator Elizabeth Warren introduces S. 3948: Direct File Act of 2026
• Negative Sentiment: Intuit’s accelerated QuickBooks Desktop sunset is prompting competitors (Xero, migration partners like Xendoo) to court legacy users — raising short-to-medium term churn and migration risk for small-business revenue. Intuit Desktop Exit Tests Customer Loyalty As Rivals Court QuickBooks Users
• Negative Sentiment: Macro/sector headwinds: investors are trimming exposure to software credit and loans amid AI disruption fears, which can amplify volatility and pressure software valuations including Intuit. Analysis-Debt investors offloading exposure to software companies is latest sign of pain

Analysts Set New Price Targets

INTU has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Oppenheimer cut their target price on Intuit from $696.00 to $558.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company reduced their price target on Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 24th. Stifel Nicolaus lowered their price target on Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Argus dropped their price objective on Intuit from $780.00 to $580.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $638.06.

Intuit Trading Down 2.7%

NASDAQ:INTU opened at $446.79 on Thursday. The company has a 50-day moving average price of $470.83 and a 200-day moving average price of $595.79. The stock has a market cap of $123.56 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 1.85 and a beta of 1.26. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the company earned $3.32 earnings per share. Intuit’s quarterly revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be given a $1.20 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.1%. Intuit’s dividend payout ratio is currently 31.09%.

Insider Transactions at Intuit

In related news, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the sale, the director directly owned 5,669,584 shares of the company’s stock, valued at $3,818,067,953.12. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,501 shares of company stock worth $79,983,892 over the last 90 days. 2.49% of the stock is currently owned by insiders.

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.