Trajan Wealth LLC Buys New Stake in Intuit Inc. $INTU

Trajan Wealth LLC purchased a new position 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 26,692 shares of the software maker’s stock, valued at approximately $6,967,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XXEC Inc. acquired a new position in Intuit in the second quarter valued at about $436,740,000. BlackRock Inc. acquired a new stake in shares of Intuit during the second quarter worth approximately $6,851,859,000. State Street Corp raised its stake in shares of Intuit by 1.4% in the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after acquiring an additional 180,069 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Intuit by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock valued at $4,369,488,000 after acquiring an additional 87,451 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Intuit by 1.2% in the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock worth $3,378,912,000 after acquiring an additional 60,910 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director owned 12,326 shares in the company, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 quarter. 2.49% of the stock is owned by company insiders.

Key Stories Impacting Intuit

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

Intuit Stock Up 0.8%

NASDAQ INTU opened at $369.92 on Tuesday. The stock has a fifty day moving average of $300.85 and a 200-day moving average of $358.61. The stock 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. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Wall Street Analyst Weigh In

A number of research firms recently commented on INTU. Deutsche Bank Aktiengesellschaft decreased their price target on Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Morgan Stanley lowered Intuit from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $580.00 to $335.00 in a research note on Tuesday, July 21st. Evercore restated an “outperform” rating on shares of Intuit in a report on Tuesday, August 18th. Stifel Nicolaus restated a “hold” rating and issued a $275.00 target price (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Finally, Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Twenty equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $449.65.

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.