Cibc World Market Inc. Purchases Shares of 34,854 Intuit Inc. $INTU

Cibc World Market Inc. purchased a new stake in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,854 shares of the software maker’s stock, valued at approximately $9,097,000.

A number of other hedge funds also recently made changes to their positions in the stock. XXEC Inc. bought a new stake in Intuit in the second quarter valued at approximately $436,740,000. BlackRock Inc. acquired a new position in Intuit in the second quarter valued at $6,851,859,000. Norges Bank acquired a new position in Intuit in the fourth quarter valued at $3,058,407,000. Bank of New York Mellon Corp bought a new stake in Intuit during the second quarter valued at $564,592,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Intuit by 102.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after acquiring an additional 1,972,719 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Price Performance

INTU stock opened at $369.92 on Tuesday. The company has a market capitalization of $101.19 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. 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 Inc. has a 52-week low of $252.84 and a 52-week high of $705.08. The business has a 50-day simple moving average of $300.85 and a two-hundred day simple moving average of $358.61.

Analysts Set New Price Targets

INTU has been the subject of several research analyst reports. Rothschild & Co Redburn lowered their price objective on Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Truist Financial reaffirmed a “hold” rating and set a $350.00 target price (down from $410.00) on shares of Intuit in a research note on Monday, August 3rd. UBS Group reiterated a “neutral” rating on shares of Intuit in a report on Tuesday, August 18th. Erste Group Bank raised Intuit to a “hold” rating in a research note on Monday, April 27th. Finally, Wolfe Research restated an “outperform” rating and set a $400.00 price target on shares of Intuit in a report on Thursday, May 21st. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $449.65.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts expect fiscal fourth-quarter revenue and earnings-per-share growth, with consensus EPS near $3.58–$3.59, compared with $2.75 a year earlier. Strength in QuickBooks, Credit Karma and AI-related offerings could support the stock if Intuit meets or exceeds expectations. Intuit to Report Q4 Earnings: What Should Investors Do?
• Positive Sentiment: Some commentary describes INTU as potentially undervalued after its steep one-year decline. Bulls argue that new conversational-AI capabilities and the company’s recurring software ecosystem could help restore revenue and profit growth. Intuit Stock Could Be A Bargain After A 44% Fall
• Neutral Sentiment: The options market is pricing a roughly 9% potential post-earnings move, indicating unusually high near-term volatility. The market’s reaction is likely to depend more on forward guidance and AI adoption trends than on the quarterly numbers alone. Intuit Options Market Prices a 9% Swing Ahead of Earnings
• Negative Sentiment: Jefferies lowered its price target to $500 from $550, warning that the earnings bar may still be difficult to clear despite reduced expectations. Concerns include slowing TurboTax momentum and the possibility that generative AI could weaken Intuit’s competitive advantage. Jefferies Cuts Intuit Price Target
• Negative Sentiment: Multiple law firms promoted a securities class action and a September 8 lead-plaintiff deadline. The allegations focus on whether Intuit overstated AI-driven growth and the strength of its tax-related business. These are allegations, not proven findings, but the litigation creates an additional overhang for investors. Rosen Intuit Securities Class Action Deadline

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of Intuit 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 owned 12,326 shares of the company’s stock, valued at $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock valued at $348,354 in the last 90 days. 2.49% of the stock is owned by company insiders.

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.