Callan Family Office LLC Purchases New Shares in Intuit Inc. $INTU

Callan Family Office LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 8,783 shares of the software maker's stock, valued at approximately $2,292,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Rakuten Investment Management Inc. boosted its stake in Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker's stock worth $34,852,000 after acquiring an additional 43,389 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker's stock worth $1,848,954,000 after purchasing an additional 471,451 shares during the period. Vestcor Inc increased its stake in shares of Intuit by 79.1% during the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker's stock valued at $13,723,000 after purchasing an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Intuit by 119.5% during the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker's stock valued at $37,452,000 after purchasing an additional 47,148 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Intuit by 13.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker's stock valued at $39,728,000 after purchasing an additional 6,999 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Price Performance

Shares of INTU opened at $367.00 on Friday. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The company has a market capitalization of $100.39 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. The firm has a 50 day moving average of $299.09 and a 200 day moving average of $359.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU - Get Free Report) last released 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. The business had revenue of $8.56 billion for the quarter, compared to analysts' expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $11.65 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s TurboTax, Credit Karma and QuickBooks businesses remain central to the bullish case. Analysts say the company is building a year-round consumer financial platform and using cross-selling to increase engagement and average revenue per user. Intuit Consumer Flywheel Gains: Can Cross-Selling Sustain Higher ARPU?
• Positive Sentiment: Some analysts see potential for an upside earnings surprise, citing valuation compression, raised guidance and continued momentum in Intuit’s key growth engines. Bank of America maintained a Buy rating and a $400 price target, supporting investor confidence before the report. Intuit: Resilient Growth Drivers and Attractive Valuation Support Buy Rating
• Neutral Sentiment: Options-oriented coverage highlights the possibility of generating income by selling calls against existing INTU shares. The strategy may provide an attractive yield but limits upside if the stock rises above the option’s strike price. Get Paid 16% A Year To Hold INTU Stock You Already Own
• Neutral Sentiment: Wall Street’s outlook is mixed ahead of earnings. Piper Sandler reaffirmed an Underweight rating, while another valuation update reduced its fair-value estimate from $488.17 to $449.20, reflecting concerns about growth expectations, valuation and potential artificial-intelligence risks. Piper Sandler Reaffirms Underweight Rating for Intuit
• Negative Sentiment: Several law firms are publicizing a securities-fraud class action against Intuit and certain officers. The lawsuit alleges that the company made material misstatements or omissions about the strength of its tax-related business and TurboTax growth disclosures. Investors face a September 8 deadline to seek lead-plaintiff status. The legal claims are allegations and could create reputational, financial and investor-confidence risks. Intuit Securities Fraud Class Action Deadline Alert

Insiders Place Their Bets

In other Intuit news, Director Vasant M. Prabhu bought 500 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $309.71 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 338 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their position. 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 ninety days, insiders have sold 1,239 shares of company stock worth $348,354. Corporate insiders own 2.49% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank Of Canada dropped their price target on Intuit from $600.00 to $500.00 and set an "outperform" rating on the stock in a research report on Thursday, May 21st. Freedom Capital lowered Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Susquehanna lowered their price objective on Intuit from $550.00 to $427.00 and set a "positive" rating for the company in a research note on Monday, July 20th. Morgan Stanley downgraded Intuit from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $580.00 to $335.00 in a report on Tuesday, July 21st. Finally, BNP Paribas Exane cut their target price on Intuit from $463.00 to $315.00 and set a "neutral" rating on the stock in a research note on Thursday, May 21st. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $451.26.

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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