Intuit Inc. $INTU Shares Sold by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. reduced its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 47.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the software maker’s stock after selling 2,265 shares during the quarter. Legal Advantage Investments Inc.’s holdings in Intuit were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. Joseph Group Capital Management acquired a new position in shares of Intuit during the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit in the 4th quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit during the 3rd quarter valued at $33,000. Birchwood Financial Partners Inc. purchased a new position in Intuit during the fourth quarter worth $33,000. Finally, Barnes Dennig Private Wealth Management LLC increased its position in Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INTU. Barclays cut their price target on Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Rothschild & Co Redburn dropped their price objective on Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Mizuho cut their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Evercore reduced their target price on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Finally, TD Cowen decreased their price target on shares of Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $511.35.

Intuit Price Performance

INTU stock opened at $258.05 on Wednesday. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70. The stock’s fifty day simple moving average is $345.73 and its 200-day simple moving average is $454.62. 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 stock has a market capitalization of $70.59 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the previous year, the business earned $11.65 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. 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 research analysts expect that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analyst coverage remained constructive, with Intuit receiving a consensus rating of “Moderate Buy”, which can help support investor confidence. Intuit Inc. (NASDAQ:INTU) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Articles highlighted growing traction in Intuit’s mid-market expansion, pointing to AI-powered QuickBooks, financing, and workforce tools as a potential long-term growth engine. Mid-Market Expansion Gains Traction: Can INTU Unlock a $90B Opportunity?
• Positive Sentiment: Another commentary framed Intuit as a value-oriented tech name with AI upside, which may appeal to investors looking for growth at a lower valuation. TurboTax-Maker Intuit Leads 3 Cheap Tech Stocks That Pay You to Wait on the AI Boom
• Neutral Sentiment: Intuit’s CEO sought to reassure accountants by saying, “You are the customer, not a channel,” which may signal an effort to strengthen partner relationships rather than a direct financial catalyst. Intuit CEO to accountants: “You are the customer, not a channel”
• Negative Sentiment: Two law firms announced investigations into potential securities fraud tied to Intuit’s pricing issues and alleged investor misstatements, adding legal uncertainty that can weigh on the stock. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. – INTU
• Negative Sentiment: Market commentary noted that INTU shares fell alongside software peers amid broader weakness in the software/communication-services space, suggesting the decline was partly sector-driven. Intuit, Akamai, and RingCentral Shares Plummet, What You Need To Know
• Negative Sentiment: Another report said Intuit was among stocks that hit 52-week lows last week, reinforcing bearish momentum and investor caution. Why Did CRM, INTU, FOXA Stocks Hit 52-Week Lows Last Week?
• Negative Sentiment: BFA Law also launched a securities fraud investigation into Intuit, focusing on pricing issues, further increasing headline risk for shareholders. INTU Alert: Intuit Investors may have been Misled about the Company’s Pricing Issues

Insider Activity

In related news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the purchase, the director owned 1,250 shares of the company’s stock, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 955 shares of company stock worth $273,855. Insiders own 2.49% of the company’s stock.

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.