Legal Advantage Investments Inc. Cuts Position in Intuit Inc. $INTU

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

A number of other institutional investors have also modified their holdings of INTU. Joseph Group Capital Management purchased a new position in Intuit in the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the fourth quarter valued at approximately $25,000. HHM Wealth Advisors LLC lifted its position in Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after buying an additional 30 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Intuit during the third quarter worth approximately $33,000. Finally, Birchwood Financial Partners Inc. purchased a new stake in Intuit during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. HSBC cut their target price on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. UBS Group decreased their price target on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft lowered their price target on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a report on Thursday, May 21st. BMO Capital Markets reduced their price objective on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Finally, Scotiabank set a $575.00 target price on Intuit in a research report on Friday, March 6th. Twenty-three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $511.35.

Intuit Price Performance

Shares of INTU stock opened at $258.05 on Wednesday. The company has a market capitalization of $70.59 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The firm has a fifty day simple moving average of $345.73 and a 200-day simple moving average of $454.62. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period last year, the business earned $11.65 EPS. The business’s revenue 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 anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s 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 Transactions at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 500 shares of Intuit stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the acquisition, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This trade represents a 40.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $282.20, for a total value of $80,144.80. Following the sale, the director owned 12,042 shares of the company’s stock, valued at approximately $3,398,252.40. This trade represents a 2.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 955 shares of company stock worth $273,855. Corporate 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.