Legal & General Group Plc increased its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,163,080 shares of the software maker’s stock after purchasing an additional 212,688 shares during the period. Legal & General Group Plc’s holdings in Intuit were worth $1,432,867,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in Intuit during the 4th quarter worth approximately $25,000. MTM Investment Management LLC lifted its holdings in Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new position in Intuit during the 3rd quarter worth $33,000. Barnes Dennig Private Wealth Management LLC increased its stake in Intuit by 54.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after acquiring an additional 19 shares during the period. Finally, Steph & Co. increased its stake in Intuit by 346.2% during the 4th quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after acquiring an additional 45 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have commented on INTU shares. BMO Capital Markets lowered their price objective on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research note on Thursday. Jefferies Financial Group lowered their price objective on Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday. TD Cowen lowered their price objective on Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a research note on Thursday. The Goldman Sachs Group lowered their price objective on Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Finally, Barclays lowered their price objective on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research note on Thursday. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $546.29.
Insiders Place Their Bets
In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.49% of the stock is owned by corporate insiders.
Intuit Stock Performance
Shares of INTU opened at $319.94 on Monday. Intuit Inc. has a 52-week low of $302.36 and a 52-week high of $813.70. The business’s fifty day moving average is $403.55 and its 200-day moving average is $509.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.32 and a current ratio of 1.45. The firm has a market cap of $87.52 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.29 and a beta of 1.04.
Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter last year, the company posted $11.65 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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 anticipate that Intuit Inc. will post 17.49 EPS for the current fiscal year.
Intuit Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. Intuit’s dividend payout ratio (DPR) is presently 29.07%.
Key Stories Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit reported fiscal Q3 results that beat estimates on both revenue and earnings, raised full-year guidance, and highlighted strength in TurboTax, Credit Karma, QuickBooks Online, and other growth engines. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
- Positive Sentiment: Several analysts still maintained bullish ratings even after lowering price targets, suggesting Street sentiment remains constructive on Intuit’s long-term growth profile. TD Cowen Adjusts Price Target on Intuit
- Positive Sentiment: Coverage also pointed to improving customer spending and “flywheel” benefits from broader adoption across Intuit’s product suite, which supports the AI and platform expansion narrative. Intuit customers spending more as it improves experiences across brands
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.
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