Osmosis Investment Management UK Ltd Acquires Shares of 28,041 Intuit Inc. $INTU

Osmosis Investment Management UK Ltd purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,041 shares of the software maker’s stock, valued at approximately $7,319,000.

Several other large investors also recently bought and sold shares of INTU. XXEC Inc. purchased a new stake in shares of Intuit in the second quarter valued at approximately $436,740,000. Vanguard Group Inc. lifted its position in Intuit by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after buying an additional 296,448 shares in the last quarter. BlackRock Inc. purchased a new position in Intuit during the second quarter worth approximately $6,851,859,000. State Street Corp boosted its stake in Intuit by 1.4% during the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after buying an additional 180,069 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Intuit by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after buying an additional 87,451 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity

In related news, Director Vasant M. Prabhu acquired 500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director owned 1,750 shares in the company, valued at $541,992.50. The trade was a 40.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was 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 $3,449,554.36. The trade was a 2.67% decrease in their position. 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. In the last ninety days, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is currently owned by insiders.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s TurboTax, Credit Karma and QuickBooks businesses remain central to the bullish case. Analysts say the company is building a year-round consumer financial platform and using cross-selling to increase engagement and average revenue per user. Intuit Consumer Flywheel Gains: Can Cross-Selling Sustain Higher ARPU?
• Positive Sentiment: Some analysts see potential for an upside earnings surprise, citing valuation compression, raised guidance and continued momentum in Intuit’s key growth engines. Bank of America maintained a Buy rating and a $400 price target, supporting investor confidence before the report. Intuit: Resilient Growth Drivers and Attractive Valuation Support Buy Rating
• Neutral Sentiment: Options-oriented coverage highlights the possibility of generating income by selling calls against existing INTU shares. The strategy may provide an attractive yield but limits upside if the stock rises above the option’s strike price. Get Paid 16% A Year To Hold INTU Stock You Already Own
• Neutral Sentiment: Wall Street’s outlook is mixed ahead of earnings. Piper Sandler reaffirmed an Underweight rating, while another valuation update reduced its fair-value estimate from $488.17 to $449.20, reflecting concerns about growth expectations, valuation and potential artificial-intelligence risks. Piper Sandler Reaffirms Underweight Rating for Intuit
• Negative Sentiment: Several law firms are publicizing a securities-fraud class action against Intuit and certain officers. The lawsuit alleges that the company made material misstatements or omissions about the strength of its tax-related business and TurboTax growth disclosures. Investors face a September 8 deadline to seek lead-plaintiff status. The legal claims are allegations and could create reputational, financial and investor-confidence risks. Intuit Securities Fraud Class Action Deadline Alert

Analysts Set New Price Targets

Several brokerages have issued reports on INTU. UBS Group restated a “neutral” rating on shares of Intuit in a report on Tuesday, August 18th. Mizuho lowered their price target on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 17th. Erste Group Bank raised shares of Intuit to a “hold” rating in a report on Monday, April 27th. Wolfe Research restated an “outperform” rating and set a $400.00 price objective on shares of Intuit in a research report on Thursday, May 21st. Finally, Citigroup reduced their target price on shares of Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $449.65.

Intuit Price Performance

Shares of INTU opened at $367.00 on Monday. The firm has a market cap of $100.39 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $705.08. The company’s 50-day moving average price is $299.09 and its 200 day moving average price is $359.07. 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 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.