Legal & General Group Plc Buys 47,957 Shares of Intuit Inc. $INTU

Legal & General Group Plc increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,950,392 shares of the software maker’s stock after purchasing an additional 47,957 shares during the quarter. Legal & General Group Plc owned approximately 0.70% of Intuit worth $1,331,942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Intuit in the second quarter valued at approximately $3,268,830,000. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit during the first quarter worth $785,564,000. Winslow Capital Management LLC bought a new position in shares of Intuit in the 2nd quarter valued at $782,677,000. Vanguard Group Inc. lifted its stake in shares of Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after acquiring an additional 914,024 shares during the last quarter. Finally, Swedbank AB grew its position in Intuit by 575.4% during the 3rd quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock worth $602,023,000 after acquiring an additional 751,027 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Activity

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer owned 536 shares in the company, valued at approximately $337,390.56. The trade was a 71.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 120,168 shares of company stock valued at $79,899,156. 2.49% of the stock is owned by corporate insiders.

Intuit Trading Down 1.6%

Shares of INTU stock opened at $473.67 on Tuesday. Intuit Inc. has a 1-year low of $349.00 and a 1-year high of $813.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock has a market cap of $130.99 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.93 and a beta of 1.27. The stock has a 50-day moving average of $499.40 and a 200-day moving average of $605.97.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on INTU. Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Truist Financial initiated coverage on Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price target on the stock. Barclays lowered their price objective on Intuit from $785.00 to $540.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Evercore reiterated an “outperform” rating and set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Finally, KeyCorp reduced their target price on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $642.32.

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.