Legal & General Group Plc Boosts Stake in Intuit Inc. $INTU

Legal & General Group Plc increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,902,435 shares of the software maker’s stock after purchasing an additional 27,566 shares during the quarter. Legal & General Group Plc owned approximately 0.68% of Intuit worth $1,498,415,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MAI Capital Management grew its stake in Intuit by 4.5% during the 2nd quarter. MAI Capital Management now owns 15,265 shares of the software maker’s stock worth $12,023,000 after buying an additional 654 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Intuit by 2,401.0% in the second quarter. Hillsdale Investment Management Inc. now owns 5,052 shares of the software maker’s stock worth $3,979,000 after acquiring an additional 4,850 shares in the last quarter. Seeds Investor LLC grew its stake in shares of Intuit by 11.6% during the second quarter. Seeds Investor LLC now owns 491 shares of the software maker’s stock worth $387,000 after acquiring an additional 51 shares during the last quarter. DNB Asset Management AS increased its holdings in shares of Intuit by 23.8% during the second quarter. DNB Asset Management AS now owns 55,470 shares of the software maker’s stock valued at $43,690,000 after acquiring an additional 10,656 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Intuit during the second quarter valued at about $5,671,000. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,407 shares of company stock worth $1,614,913 in the last quarter. 2.68% of the stock is owned by insiders.

Intuit Stock Down 2.0%

Intuit stock opened at $637.44 on Friday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm has a 50 day moving average price of $665.95 and a 200 day moving average price of $706.58. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $177.72 billion, a PE ratio of 46.39, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the business posted $2.50 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on INTU shares. Citigroup cut their price objective on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Morgan Stanley dropped their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. KeyCorp decreased their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Barclays lowered their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Finally, Independent Research set a $875.00 price objective on shares of Intuit in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $799.35.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.