1,911,105 Shares in Intuit Inc. $INTU Bought by Legal & General Group Plc

Legal & General Group Plc bought a new position in Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,911,105 shares of the software maker's stock, valued at approximately $498,798,000. Legal & General Group Plc owned 0.70% of Intuit as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in INTU. Betterment LLC boosted its stake in shares of Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker's stock worth $532,000 after purchasing an additional 16 shares during the last quarter. One Capital Management LLC boosted its position in shares of Intuit by 2.7% in the third quarter. One Capital Management LLC now owns 681 shares of the software maker's stock worth $465,000 after acquiring an additional 18 shares during the last quarter. Quadcap Wealth Management LLC lifted its position in Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker's stock valued at $1,230,000 after buying an additional 18 shares in the last quarter. Oakworth Capital Inc. lifted its position in Intuit by 3.4% during the fourth quarter. Oakworth Capital Inc. now owns 676 shares of the software maker's stock valued at $448,000 after buying an additional 22 shares in the last quarter. Finally, Prentice Wealth Management LLC raised its stake in shares of Intuit by 2.7% during the fourth quarter. Prentice Wealth Management LLC now owns 850 shares of the software maker's stock valued at $563,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the business's stock in a transaction that occurred 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 sale, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the company's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,146 shares of company stock worth $662,666 in the last 90 days. Company insiders own 2.49% of the company's stock.

Intuit Trading Up 0.4%

INTU stock traded up $1.45 during midday trading on Monday, reaching $359.51. The stock had a trading volume of 1,842,109 shares, compared to its average volume of 4,382,581. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a market cap of $98.34 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 0.92 and a beta of 0.97. The business has a fifty day simple moving average of $307.36 and a two-hundred day simple moving average of $356.13. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, research analysts expect that Intuit Inc. will post 23.07 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio (DPR) is presently 33.45%.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a partnership with Perplexity to integrate QuickBooks and Mailchimp into Perplexity Computer, an agentic AI assistant. The collaboration could help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management
• Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research analyst reports. Wolfe Research lowered shares of Intuit from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 26th. Weiss Ratings downgraded shares of Intuit from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, June 11th. Royal Bank Of Canada cut their price target on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a report on Thursday, May 21st. Morgan Stanley dropped their target price on Intuit from $335.00 to $315.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 26th. Finally, Barclays dropped their price objective on Intuit from $443.00 to $408.00 and set an "overweight" rating on the stock in a report on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $434.68.

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.

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