Legal & General Group Plc Acquires New Holdings in Intuit Inc. $INTU

Legal & General Group Plc bought a new position in Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & 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 about 0.70% of Intuit at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in INTU. Joseph Group Capital Management bought a new position in shares of Intuit during the 4th quarter valued at $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Intuit in the fourth quarter worth $25,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Intuit in the third quarter worth $33,000. Birchwood Financial Partners Inc. purchased a new stake in Intuit during the fourth quarter valued at $33,000. Finally, Fiduciary Financial Advisors purchased a new stake in Intuit during the second quarter valued at $25,000. Institutional investors own 83.66% of the company’s stock.

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%

NASDAQ INTU opened at $369.92 on Tuesday. The stock’s 50-day moving average price is $300.85 and its 200-day moving average price is $358.61. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The company has a market capitalization of $101.19 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group cut Intuit from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Jefferies Financial Group reduced their price target on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Sunday. UBS Group reissued a “neutral” rating on shares of Intuit in a report on Tuesday, August 18th. Mizuho reduced their target price on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, August 17th. Finally, Wall Street Zen downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Twenty equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $449.65.

Insider Activity

In related news, Director Richard L. Dalzell sold 338 shares of the 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 of the company’s stock, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,239 shares of company stock worth $348,354. Insiders own 2.49% of the company’s stock.

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.