688,360 Shares in Intuit Inc. $INTU Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 688,360 shares of the software maker's stock, valued at approximately $179,663,000. The Manufacturers Life Insurance Company owned approximately 0.25% of Intuit as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of INTU. Joseph Group Capital Management purchased a new position in shares of Intuit during the fourth quarter valued at $25,000. Fiduciary Financial Advisors purchased a new stake in Intuit in the 2nd quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit in the 4th quarter worth about $25,000. Osbon Capital Management LLC acquired a new stake in Intuit during the 2nd quarter worth about $26,000. Finally, MidFirst Bank purchased a new position in Intuit during the 2nd quarter valued at about $28,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of research reports. Evercore reiterated an "outperform" rating on shares of Intuit in a report on Tuesday, August 18th. Erste Group Bank raised shares of Intuit to a "hold" rating in a research report on Monday, April 27th. Rothschild & Co Redburn dropped their price objective on shares of Intuit from $700.00 to $600.00 and set a "buy" rating on the stock in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Intuit from $530.00 to $425.00 and set a "buy" rating for the company in a research report on Wednesday, August 19th. Finally, Truist Financial reissued a "hold" rating and set a $350.00 target price (down from $410.00) on shares of Intuit in a research note on Monday, August 3rd. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $449.65.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts expect fiscal fourth-quarter revenue and earnings-per-share growth, with consensus EPS near $3.58–$3.59, compared with $2.75 a year earlier. Strength in QuickBooks, Credit Karma and AI-related offerings could support the stock if Intuit meets or exceeds expectations. Intuit to Report Q4 Earnings: What Should Investors Do?
• Positive Sentiment: Some commentary describes INTU as potentially undervalued after its steep one-year decline. Bulls argue that new conversational-AI capabilities and the company’s recurring software ecosystem could help restore revenue and profit growth. Intuit Stock Could Be A Bargain After A 44% Fall
• Neutral Sentiment: The options market is pricing a roughly 9% potential post-earnings move, indicating unusually high near-term volatility. The market’s reaction is likely to depend more on forward guidance and AI adoption trends than on the quarterly numbers alone. Intuit Options Market Prices a 9% Swing Ahead of Earnings
• Negative Sentiment: Jefferies lowered its price target to $500 from $550, warning that the earnings bar may still be difficult to clear despite reduced expectations. Concerns include slowing TurboTax momentum and the possibility that generative AI could weaken Intuit’s competitive advantage. Jefferies Cuts Intuit Price Target
• Negative Sentiment: Multiple law firms promoted a securities class action and a September 8 lead-plaintiff deadline. The allegations focus on whether Intuit overstated AI-driven growth and the strength of its tax-related business. These are allegations, not proven findings, but the litigation creates an additional overhang for investors. Rosen Intuit Securities Class Action Deadline

Intuit Stock Up 0.8%

INTU opened at $369.92 on Tuesday. The company has a market capitalization of $101.19 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The business has a 50-day moving average of $300.85 and a 200-day moving average of $358.61.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock worth $348,354 over the last 90 days. 2.49% of the stock is currently 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.

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