2,211 Shares in Intuit Inc. $INTU Acquired by West Family Investments Inc.

West Family Investments Inc. bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, Holdings Channel.com reports. The fund bought 2,211 shares of the software maker’s stock, valued at approximately $577,000.

A number of other hedge funds have also recently made changes to their positions in INTU. Brighton Jones LLC grew its position in shares of Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the 1st quarter valued at $785,564,000. Sivia Capital Partners LLC boosted its position in shares of Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after purchasing an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC grew its stake in Intuit by 12.2% during the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after buying an additional 51 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit benefited from a broader rotation into enterprise software after weakness in AI hardware stocks. The move suggests traders are reassessing the durability and valuation of software businesses, although it may be a short-term sector trade. Software Stocks Soar in Rotational Trade
• Positive Sentiment: Investor commentary highlighted Intuit’s potential to use AI through its AI-native enterprise resource planning products and Intuit Intelligence chat. A separate investment analysis argued that tax preparation and AI could complement one another, supporting the long-term growth narrative. Intuit Expanding AI-Native ERP
• Positive Sentiment: A GuruFocus analysis cited a GF Score of 78, reflecting relatively favorable quality, growth, profitability, and valuation characteristics. Intuit’s latest reported quarter also showed year-over-year revenue growth and an earnings-per-share beat, providing fundamental support for the rebound. Intuit GF Score Analysis

Intuit Price Performance

NASDAQ:INTU opened at $362.47 on Thursday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.10. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $99.15 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.11 and a beta of 0.97. The stock’s 50-day moving average price is $295.58 and its 200-day moving average price is $360.88.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the prior year, the business posted $11.65 earnings per share. Intuit’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts expect that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Mizuho reduced their target price on Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday. KeyCorp cut their price objective on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Evercore reiterated an “outperform” rating on shares of Intuit in a research note on Tuesday. TD Cowen reissued a “buy” rating on shares of Intuit in a research report on Tuesday. Finally, 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 note on Friday, May 22nd. Twenty research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $451.26.

Insiders Place Their Bets

In other news, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the purchase, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock valued at $348,354 over the last 90 days. 2.49% of the stock is currently owned by company insiders.

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.