Sienna Gestion Has $20.70 Million Stake in Intuit Inc. $INTU

Sienna Gestion boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 30.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,244 shares of the software maker’s stock after purchasing an additional 7,798 shares during the period. Intuit accounts for 1.4% of Sienna Gestion’s investment portfolio, making the stock its 12th biggest holding. Sienna Gestion’s holdings in Intuit were worth $20,699,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its position in shares of Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the period. Sagard Holdings Management Inc. acquired a new stake in Intuit during the 2nd quarter worth about $28,000. True Wealth Design LLC boosted its position in Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares during the period. MTM Investment Management LLC grew its stake 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 acquiring an additional 27 shares in the last quarter. Finally, Total Investment Management Inc. acquired a new position in shares of Intuit in the 2nd quarter valued at about $33,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the transaction, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 194,596 shares of company stock valued at $128,706,764. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on INTU shares. The Goldman Sachs Group reduced their price target on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Susquehanna dropped their price objective on shares of Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a research note on Tuesday, February 24th. BNP Paribas Exane cut their target price on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, TD Cowen cut their price objective on Intuit from $658.00 to $633.00 and set a “buy” rating for the company in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $642.32.

Intuit Price Performance

Shares of INTU opened at $481.17 on Monday. 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 firm has a market cap of $133.07 billion, a PE ratio of 31.16, a PEG ratio of 1.93 and a beta of 1.27. The firm’s 50 day moving average price is $503.41 and its 200 day moving average price is $607.54. Intuit Inc. has a twelve month low of $349.00 and a twelve month high of $813.70.

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

Intuit Dividend Announcement

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

About Intuit

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.