7,512 Shares in Intuit Inc. $INTU Bought by Aurora Investment Counsel

Key Points

• Aurora Investment Counsel bought 7,512 Intuit shares in the second quarter, valued at approximately $1.96 million. Institutional investors collectively own 83.66% of the company.
• Intuit exceeded quarterly expectations, reporting $12.80 in earnings per share on $8.56 billion in revenue; revenue increased 10.4% year over year. Analysts have a “Moderate Buy” consensus rating and an average price target of $451.26.
• Insider activity was mixed: Director Vasant M. Prabhu bought 500 shares, while Director Richard L. Dalzell sold 284 shares; insiders sold 1,239 shares worth $348,354 over the past three months.

Aurora Investment Counsel bought a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,512 shares of the software maker's stock, valued at approximately $1,961,000.

Several other hedge funds have also bought and sold shares of INTU. Joseph Group Capital Management bought a new position in shares of Intuit during the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Intuit in the fourth quarter worth about $25,000. MidFirst Bank purchased a new stake in shares of Intuit in the second quarter worth about $28,000. HHM Wealth Advisors LLC lifted its position in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock worth $30,000 after buying an additional 30 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Intuit during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 284 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 500 shares of the business's stock in a transaction that occurred on 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 completion of the acquisition, the director directly owned 1,750 shares in the company, valued at $541,992.50. The trade was a 40.00% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 1,239 shares of company stock worth $348,354. Insiders own 2.49% of the company's stock.

Intuit Stock Performance

NASDAQ INTU opened at $362.47 on Thursday. The company has a market cap of $99.15 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.11 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. The business's 50 day moving average price is $295.58 and its 200-day moving average price is $360.88. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.10.

Intuit (NASDAQ:INTU - Get Free Report) 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 during the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the company earned $11.65 earnings per share. Intuit's revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on INTU shares. Erste Group Bank upgraded Intuit to a "hold" rating in a report on Monday, April 27th. Wolfe Research reaffirmed an "outperform" rating and set a $400.00 price objective on shares of Intuit in a report on Thursday, May 21st. Barclays lowered their target price on Intuit from $540.00 to $443.00 and set an "overweight" rating for the company in a research report on Thursday, May 21st. HSBC cut their target price on shares of Intuit from $897.00 to $707.00 and set a "buy" rating for the company in a report on Friday, May 22nd. Finally, Bank of America started coverage on shares of Intuit in a research note on Wednesday, May 27th. They set a "buy" rating and a $400.00 price target on the stock. Twenty 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. Based on data from MarketBeat, Intuit has an average rating of "Moderate Buy" and an average target price of $451.26.

Trending Headlines about Intuit

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 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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