Bowie Capital Management LLC Purchases New Position in Intuit Inc. $INTU

Bowie Capital Management LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 293,136 shares of the software maker's stock, valued at approximately $76,508,000. Intuit accounts for approximately 3.3% of Bowie Capital Management LLC's holdings, making the stock its 14th biggest position. Bowie Capital Management LLC owned approximately 0.11% of Intuit as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTU. BlackRock Inc. purchased a new position in Intuit in the 2nd quarter valued at $6,851,859,000. Norges Bank purchased a new stake in shares of Intuit in the 4th quarter valued at approximately $3,058,407,000. Bank of New York Mellon Corp purchased a new position in Intuit in the second quarter worth approximately $564,592,000. Arrowstreet Capital Limited Partnership increased its position in shares of Intuit by 102.5% during the 1st 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 acquired a new stake in shares of Intuit during the second quarter valued at about $426,641,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Trading Down 0.2%

Shares of INTU stock opened at $361.87 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08. The firm has a market capitalization of $98.99 billion, a PE ratio of 21.92, a P/E/G ratio of 1.15 and a beta of 0.97. The business's fifty day moving average price is $297.28 and its 200 day moving average price is $359.91.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to analysts' expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $11.65 earnings per share. As a group, sell-side analysts forecast that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INTU. Morgan Stanley cut Intuit from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $580.00 to $335.00 in a research note on Tuesday, July 21st. Bank of America started coverage on Intuit in a report on Wednesday, May 27th. They issued a "buy" rating and a $400.00 target price on the stock. Stifel Nicolaus reissued a "hold" rating and set a $275.00 price objective (down from $375.00) on shares of Intuit in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Intuit from $530.00 to $425.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Evercore reiterated an "outperform" rating on shares of Intuit in a research note on Tuesday. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $451.26.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts are focused on continued momentum in TurboTax Live, Credit Karma and QuickBooks heading into the July 2026 quarter. Strong customer growth, bookings and revenue trends in these businesses could support an earnings beat. Can Intuit's Key Growth Engines Power Strong Q4 Results?
• Positive Sentiment: Bank of America maintained a Buy rating and its $400 price target, citing Intuit’s durable growth drivers and attractive valuation. Other previews suggest compressed valuation, previously raised guidance and positive expectations could create room for an upside surprise. Intuit: Resilient Growth Drivers and Attractive Valuation Support Buy Rating
• Neutral Sentiment: Wall Street projections for revenue, earnings and key operating metrics will be important because investors are weighing growth against elevated expectations. The company’s actual results and forward guidance may determine whether the pre-earnings optimism holds. Insights Into Intuit Q4: Wall Street Projections for Key Metrics
• Negative Sentiment: Several law firms publicized a securities class action alleging that Intuit and certain executives misled investors about the sustainability of TurboTax growth and failed to disclose competitive and pricing pressures. The allegations have not been proven, but the repeated announcements increase headline and potential litigation risk; September 8 is cited as the lead-plaintiff deadline. Pomerantz Announces Class Action Against Intuit
• Negative Sentiment: Piper Sandler reaffirmed an Underweight rating and assigned a $250 price target, implying substantial downside from recent trading levels. This contrasts with more optimistic analyst views and underscores uncertainty surrounding Intuit’s tax business and valuation. Piper Sandler Intuit Rating

Insider Transactions at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 500 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director owned 1,750 shares of the company's stock, valued at approximately $541,992.50. The trade was a 40.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard L. Dalzell sold 284 shares of the company's stock in a transaction on 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 transaction, the director owned 11,758 shares of the company's stock, valued at $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In 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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