Empirical Asset Management LLC Invests $427,000 in Intuit Inc. $INTU

Empirical Asset Management LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,637 shares of the software maker’s stock, valued at approximately $427,000.

Several other hedge funds and other institutional investors have also modified their holdings of INTU. Betterment LLC lifted its position in Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after buying an additional 16 shares in the last quarter. One Capital Management LLC boosted its position in Intuit by 2.7% in the 3rd quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after buying an additional 18 shares during the last quarter. Quadcap Wealth Management LLC boosted its holdings in Intuit by 1.0% in the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after purchasing an additional 18 shares during the last quarter. United Asset Strategies Inc. grew its position in shares of Intuit by 1.0% during the fourth quarter. United Asset Strategies Inc. now owns 2,036 shares of the software maker’s stock worth $1,349,000 after buying an additional 20 shares in the last quarter. Finally, Sage Private Wealth Group LLC grew its holdings in Intuit by 2.8% during the 4th quarter. Sage Private Wealth Group LLC now owns 802 shares of the software maker’s stock worth $531,000 after acquiring an additional 22 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on INTU shares. Northcoast Research decreased their target price on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. UBS Group reissued a “neutral” rating on shares of Intuit in a research note on Tuesday. BMO Capital Markets decreased their price target on Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Piper Sandler initiated coverage on shares of Intuit in a research note on Tuesday, July 14th. They set an “underweight” rating and a $250.00 price objective on the stock. Finally, Barclays lowered their target price on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Twenty research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $454.65.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares in the company, valued at $3,084,358.56. The trade was a 2.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $309.71 per share, with a total value of $154,855.00. Following the purchase, the director owned 1,750 shares in the company, valued at $541,992.50. This represents a 40.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 1,239 shares of company stock valued at $348,354 over the last ninety days. Company insiders own 2.49% of the company’s stock.

Trending Headlines about 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.

Intuit Stock Up 4.4%

NASDAQ:INTU opened at $350.41 on Wednesday. The firm has a market capitalization of $95.85 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.09 and a beta of 0.97. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $719.10. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $294.02 and its 200 day moving average price is $361.87.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $8.54 billion. During the same period last year, the company posted $11.65 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

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.