17,595 Shares in Intuit Inc. $INTU Acquired by Act Two Investors LLC

Act Two Investors LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,595 shares of the software maker's stock, valued at approximately $4,592,000. Intuit accounts for about 0.9% of Act Two Investors LLC's investment portfolio, making the stock its 20th largest position.

Other hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management acquired a new stake in Intuit during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Intuit during the 4th quarter worth about $25,000. MidFirst Bank purchased a new stake in shares of Intuit during the 2nd quarter worth about $28,000. HHM Wealth Advisors LLC increased its position in Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Intuit in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In related news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares of the company's stock, valued at $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by company insiders.

Intuit Price Performance

INTU opened at $350.41 on Wednesday. The company has a fifty day simple moving average of $294.02 and a 200 day simple moving average of $361.87. The firm has a market cap 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 twelve month low of $252.84 and a twelve month 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.

Intuit (NASDAQ:INTU - Get Free Report) last announced its 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. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $11.65 earnings per share. Equities research analysts expect that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Key Headlines Impacting 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.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of recent research reports. KeyCorp reduced their price target on shares of Intuit from $520.00 to $450.00 and set an "overweight" rating on the stock in a research report on Thursday, May 21st. HSBC dropped their price objective on shares of Intuit from $897.00 to $707.00 and set a "buy" rating for the company in a research report on Friday, May 22nd. The Goldman Sachs Group downgraded shares of Intuit from a "neutral" rating to a "sell" rating and cut their target price for the company from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Evercore restated an "outperform" rating on shares of Intuit in a report on Tuesday. Finally, Piper Sandler initiated coverage on shares of Intuit in a research report on Tuesday, July 14th. They set an "underweight" rating and a $250.00 price target for the company. Twenty investment 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's stock. According to MarketBeat, Intuit has an average rating of "Moderate Buy" and an average price target of $454.65.

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.

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