Carmignac Gestion Sells 8,015 Shares of Intuit Inc. $INTU

Posted by George Bondi on Aug 3rd, 2026

Carmignac Gestion lessened its holdings in Intuit Inc. (NASDAQ:INTU – Free Report) by 87.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,164 shares of the software maker’s stock after selling 8,015 shares during the period. Carmignac Gestion’s holdings in Intuit were worth $503,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Lombard Odier Asset Management Europe Ltd raised its stake in shares of Intuit by 277.7% during the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 38,016 shares of the software maker’s stock worth $16,437,000 after purchasing an additional 27,951 shares during the period. Positano Wealth Management Ltd bought a new position in Intuit during the first quarter valued at about $748,000. Parallel Advisors LLC grew its position in Intuit by 5.9% during the first quarter. Parallel Advisors LLC now owns 27,985 shares of the software maker’s stock valued at $12,100,000 after buying an additional 1,560 shares during the period. Caerus Investment Advisors LLC increased its holdings in Intuit by 123.6% during the first quarter. Caerus Investment Advisors LLC now owns 995 shares of the software maker’s stock worth $430,000 after buying an additional 550 shares during the last quarter. Finally, First Nebraska Trust Co purchased a new stake in Intuit during the first quarter worth about $5,407,000. 83.66% of the stock is owned by institutional investors.

Key Intuit News

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Intuit is increasing its marketing presence on ChatGPT as major brands shift advertising budgets toward the platform. The move could help Intuit reach more consumers and support customer acquisition for TurboTax and its broader financial-product ecosystem, although the near-term financial impact is uncertain. Brands like Home Depot, Intuit, and Booking are betting bigger on ChatGPT ads
Positive Sentiment: Intuit and College Board announced free financial-literacy tools for high school classrooms through a new AP Business with Personal Finance course. The partnership may strengthen Intuit’s brand and create longer-term engagement opportunities, but it is unlikely to materially affect near-term earnings. Intuit and College Board Partner to Bring Free Financial Tools
Neutral Sentiment: Intuit will report fourth-quarter and full-year fiscal 2026 results after the market closes on August 25, followed by an investor day on September 17. Investors will likely look for updates on TurboTax demand, AI investments, restructuring and fiscal 2027 guidance. Intuit to Announce Fourth-Quarter and Full-Year Fiscal 2026 Results
Negative Sentiment: An Ontario court certified a consumer-protection and competition class action against Intuit Canada and Intuit Inc. involving allegations that TurboTax’s “free” advertising was misleading. Certification allows the case to proceed and increases potential litigation costs, damages exposure and reputational risk; the allegations have not been proven. Ontario Superior Court Certifies Consumer Protection and Competition Act Class Action Against Intuit
Negative Sentiment: Multiple law firms announced or promoted a U.S. securities class action covering investors who purchased INTU between August 22, 2025 and May 20, 2026. The complaints reportedly involve alleged misrepresentations concerning TurboTax growth prospects and investor harm after significant stock declines. Investors face a September 8, 2026 deadline to seek lead-plaintiff status. The repeated notices add headline and legal overhang, though they do not represent new financial results or a court finding against Intuit. Class Action Filed Alleging Investor Harm

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares in the company, valued at $541,992.50. This trade represents a 40.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 1,239 shares of company stock worth $348,354 in the last three months. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on INTU shares. Barclays dropped their target price on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Stifel Nicolaus restated a “hold” rating and set a $275.00 price target (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Jefferies Financial Group lowered their price target on shares of Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Piper Sandler assumed coverage on Intuit in a research note on Tuesday, July 14th. They issued an “underweight” rating and a $250.00 price objective on the stock. Finally, The Goldman Sachs Group lowered Intuit from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $519.00 to $276.00 in a report on Tuesday, June 2nd. Twenty research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $462.39.

Check Out Our Latest Report on Intuit

Intuit Price Performance

Shares of NASDAQ:INTU opened at $316.07 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $86.46 billion, a PE ratio of 19.14, a P/E/G ratio of 1.16 and a beta of 0.97. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $807.15. The company has a 50-day moving average price of $289.00 and a two-hundred day moving average price of $380.29.

Intuit (NASDAQ:INTU – Get Free Report) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities analysts forecast that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. Intuit’s payout ratio is presently 29.07%.

Intuit Company Profile

(Free Report)

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.