Janus Henderson Group PLC Acquires 256,400 Shares of Intuit Inc. $INTU

Janus Henderson Group PLC lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 14.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,018,738 shares of the software maker’s stock after buying an additional 256,400 shares during the quarter. Intuit accounts for about 0.6% of Janus Henderson Group PLC’s investment portfolio, making the stock its 25th largest holding. Janus Henderson Group PLC’s holdings in Intuit were worth $1,337,257,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Evolve Private Wealth LLC bought a new position in shares of Intuit during the 4th quarter valued at $785,000. Engineers Gate Manager LP boosted its position in Intuit by 1,193.9% during the 4th quarter. Engineers Gate Manager LP now owns 20,250 shares of the software maker’s stock valued at $13,414,000 after buying an additional 18,685 shares during the period. First Manhattan CO. LLC. purchased a new stake in Intuit during the 4th quarter valued at $3,419,000. Capitolis Liquid Global Markets LLC boosted its position in Intuit by 187.3% during the 4th quarter. Capitolis Liquid Global Markets LLC now owns 158,000 shares of the software maker’s stock valued at $104,662,000 after buying an additional 103,000 shares during the period. Finally, Aureus Asset Management LLC boosted its position in Intuit by 2.6% during the 4th quarter. Aureus Asset Management LLC now owns 50,165 shares of the software maker’s stock valued at $33,230,000 after buying an additional 1,272 shares during the period. Institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group cut shares of 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. UBS Group dropped their target price 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. BMO Capital Markets dropped their target price on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Scotiabank set a $575.00 target price on shares of Intuit in a research report on Friday, March 6th. Finally, Bank of America assumed coverage on shares of Intuit in a research report on Wednesday, May 27th. They issued a “buy” rating and a $400.00 target price for the company. Twenty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $511.35.

Intuit Trading Down 4.2%

Shares of NASDAQ INTU opened at $269.08 on Thursday. Intuit Inc. has a 1 year low of $268.01 and a 1 year high of $813.70. The stock has a market cap of $73.60 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98. The firm has a 50-day moving average of $354.99 and a 200 day moving average of $465.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) 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 company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same period last year, the company posted $11.65 EPS. Intuit’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. As a group, sell-side analysts expect that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors 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 yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is 29.07%.

Insider Transactions at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the transaction, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 955 shares of company stock valued at $273,855. 2.49% of the stock is currently owned by corporate insiders.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit selected Mother New York as its creative-strategic agency partner, aiming to sharpen its positioning as a growth-oriented business solution. Intuit Selects Mother New York As Creative-Strategic Agency Partner
• Positive Sentiment: Intuit named company veteran Tyler Cozzens as its new general counsel, a move that may reassure investors on continuity in legal and governance leadership. Intuit Names Company Veteran Tyler Cozzens as New General Counsel, Succeeding Kerry McLean
• Neutral Sentiment: QuickBooks Premier is being promoted on sale, which is standard product marketing and not a major stock-moving catalyst on its own. Inventory, invoices, reports, and cash flow — QuickBooks Premier is on sale for $399.99
• Negative Sentiment: Goldman Sachs downgraded Intuit to Sell, warning that AI could erode TurboTax revenue over time and raising concerns about the company’s long-term growth outlook. Goldman Sachs Downgrades Intuit (INTU) to Sell and Says AI Could Gut TurboTax Revenue by 2030
• Negative Sentiment: Intuit is also facing investor lawsuits and fraud-related investigations tied to pricing issues, adding legal overhang and sentiment pressure on the stock. $INTU Fraud Notice: BFA Law is Investigating Intuit for Securities Fraud over its Pricing Issues – Investors with Losses Notified to Contact the Firm

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.