1,493 Shares in Intuit Inc. $INTU Bought by State of Wyoming

State of Wyoming acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,493 shares of the software maker’s stock, valued at approximately $390,000.

Several other large investors have also bought and sold shares of INTU. ABN AMRO Bank N.V. acquired a new stake in shares of Intuit in the second quarter valued at about $412,000. S&CO Inc. acquired a new position in shares of Intuit in the second quarter worth approximately $3,006,000. GSA Capital Partners LLP acquired a new position in shares of Intuit in the second quarter worth approximately $1,591,000. Family Legacy Inc. bought a new stake in Intuit in the second quarter valued at approximately $672,000. Finally, Clearstead Trust LLC bought a new stake in Intuit in the second quarter valued at approximately $256,000. 83.66% of the stock is owned by institutional investors.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Software-sector rotation supported INTU. A sharp selloff in AI hardware stocks redirected capital toward enterprise software companies, including Intuit, Monday.com and HubSpot. Investors may be reassessing the durability and valuation of software businesses after their recent weakness, although the article cautions that the move could be a short-term trading rotation. Software Stocks Soar in Rotational Trade
• Positive Sentiment: Growth and AI initiatives remain part of the bullish case. Coverage highlighted Intuit’s expansion of AI-native enterprise resource planning tools and the launch of Intuit Intelligence. Analysts and financial commentary also point to growth in advanced products, a potentially large mid-market opportunity and expectations for earnings growth. Intuit’s latest reported quarter included revenue growth of 10.4% year over year and an EPS beat.
• Positive Sentiment: Mizuho retained a favorable view despite reducing its target. Mizuho lowered its price target from $500 to $430 but maintained an “outperform” rating, signaling that the firm still sees meaningful upside after becoming more conservative on valuation or growth assumptions.

Wall Street Analysts Forecast Growth

INTU has been the subject of several analyst reports. Stifel Nicolaus restated a “hold” rating and set a $275.00 price target (down from $375.00) on shares of Intuit in a report on Wednesday, June 17th. Northcoast Research lowered their target price on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Morgan Stanley lowered shares of Intuit from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $580.00 to $335.00 in a report on Tuesday, July 21st. Argus cut their price target on shares of Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Finally, Weiss Ratings cut shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Twenty investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average target price of $454.65.

Intuit Price Performance

Shares of INTU opened at $350.41 on Wednesday. The firm has a market cap of $95.85 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.09 and a beta of 0.97. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $719.10. The business’s 50 day moving average price is $294.02 and its two-hundred day moving average price is $361.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $11.65 EPS. On average, equities analysts anticipate that Intuit Inc. will post 18.18 EPS for the current year.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 1,239 shares of company stock worth $348,354 in the last 90 days. Company 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.