Cumberland Partners Ltd Takes Position in Intuit Inc. $INTU

Cumberland Partners Ltd purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,965 shares of the software maker’s stock, valued at approximately $5,439,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit in the first quarter valued at about $785,564,000. Sivia Capital Partners LLC lifted its stake in shares of Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after buying an additional 166 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC raised its position in Intuit by 20.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock worth $751,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In other news, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the completion of the sale, the director owned 5,669,584 shares of the company’s stock, valued at approximately $3,818,067,953.12. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the transaction, the chief financial officer owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 388,464 shares of company stock worth $255,514,393. Company insiders own 2.49% of the company’s stock.

Intuit Trading Up 2.7%

Intuit stock opened at $389.57 on Thursday. Intuit Inc. has a 52 week low of $375.40 and a 52 week high of $813.70. The stock has a market cap of $108.41 billion, a PE ratio of 26.63, a P/E/G ratio of 1.55 and a beta of 1.24. The stock has a 50-day moving average price of $566.24 and a 200 day moving average price of $635.57. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company earned $2.50 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. UBS Group set a $739.00 price target on shares of Intuit in a report on Tuesday, January 6th. KeyCorp cut their target price on Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Wolfe Research reduced their price target on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Finally, Daiwa Securities Group lifted their target price on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Twenty-two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $772.42.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Launched a construction edition of its Enterprise Suite — an AI-driven ERP aimed at the ~ $2 trillion construction market, expanding Intuit’s addressable market and cross-sell opportunities in mid-market ERP. Intuit Targets $2 Trillion Construction Market With New AI Suite
• Positive Sentiment: Expanded partnership with Wix to integrate website and financial tools for small businesses, which supports subscription growth and customer stickiness in SMB products. Wix, Intuit Expand Partnership To Power Small Business Growth
• Neutral Sentiment: Analysts continue to lean positive overall — INTU carries an average “Moderate Buy” consensus, which supports longer-term investor confidence but leaves short-term sensitivity to guidance and macro factors. Intuit Inc. Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Company is expected to report earnings soon (projected to post on Thursday); upcoming results and any guidance will likely be the next major catalyst. Intuit (INTU) Projected to Post Earnings on Thursday
• Negative Sentiment: TD Cowen lowered its price target on INTU, putting near-term pressure on the stock and giving traders a nearer-term bearish signal to price in. TD Cowen Lowers PT on Intuit Inc. (INTU) Stock
• Negative Sentiment: Broader software-sector selloff tied to renewed AI fears (Anthropic’s Claude update and skeptical analyst commentary) has weighed on Intuit alongside peers, increasing volatility despite Intuit’s fundamentals. Software Stocks—Oracle, Intuit, More—Fall As Anthropic’s Latest Claude Model Fuels AI Concerns

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.