5,262 Shares in Intuit Inc. $INTU Acquired by BOK Financial Private Wealth Inc.

Key Points

• BOK Financial Private Wealth acquired 5,262 Intuit shares in the second quarter, valued at approximately $1.37 million. Institutional investors collectively own 83.66% of Intuit.
• Intuit reported quarterly revenue of $8.56 billion, up 10.4% year over year, and EPS of $12.80, exceeding analyst expectations of $12.57.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $454.65, although several firms recently reduced their targets.

BOK Financial Private Wealth Inc. purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,262 shares of the software maker's stock, valued at approximately $1,373,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Intuit in the 2nd quarter valued at about $6,851,859,000. Norges Bank acquired a new position in Intuit during the 4th quarter valued at about $3,058,407,000. Bank of New York Mellon Corp bought a new stake in Intuit during the 2nd quarter worth approximately $564,592,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock worth $1,684,795,000 after purchasing an additional 1,972,719 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Intuit in the second quarter worth approximately $426,641,000. Institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

NASDAQ:INTU opened at $350.41 on Wednesday. The business's fifty day moving average is $294.02 and its 200 day moving average is $361.87. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $719.10. 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. 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 (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $8.54 billion. During the same quarter last year, the company earned $11.65 earnings per share. The firm's quarterly revenue was up 10.4% on a year-over-year basis. Research analysts predict that Intuit Inc. will post 18.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on INTU. Citigroup cut their price objective on shares of Intuit from $591.00 to $457.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Susquehanna dropped their price target on shares of Intuit from $550.00 to $427.00 and set a "positive" rating on the stock in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Intuit from $600.00 to $530.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. BNP Paribas Exane reduced their price objective on shares of Intuit from $463.00 to $315.00 and set a "neutral" rating for the company in a research report on Thursday, May 21st. Finally, Northcoast Research decreased their price objective on shares of Intuit from $575.00 to $465.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Twenty equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Intuit presently has an average rating of "Moderate Buy" and a consensus target price of $454.65.

Key Intuit News

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.

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu acquired 500 shares of the stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the transaction, the director owned 1,750 shares in the company, valued at $541,992.50. This represents a 40.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the company's stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the transaction, the director owned 11,758 shares of the company's stock, valued at $3,084,358.56. This trade represents a 2.36% 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. Over the last quarter, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is currently owned by company insiders.

About Intuit

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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