Commerzbank Aktiengesellschaft FI Purchases Shares of 4,593 Intuit Inc. $INTU

Key Points

• Commerzbank Aktiengesellschaft FI acquired 4,593 Intuit shares worth approximately $1.2 million in the second quarter. Institutional investors collectively own 83.66% of Intuit’s outstanding stock.
• Intuit reported quarterly revenue of $8.56 billion, up 10.4% year over year, and EPS of $12.80, exceeding analyst expectations. Growth initiatives include AI-powered products and expansion into enterprise and mid-market software.
• Analyst sentiment remains a “Moderate Buy,” with an average price target of $454.65, although several firms recently lowered their targets. Shares opened at $350.41, up 4.4%, amid a broader rotation from AI hardware into software stocks.

Commerzbank Aktiengesellschaft FI acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,593 shares of the software maker's stock, valued at approximately $1,199,000.

Several other institutional investors also recently bought and sold shares of the stock. Rakuten Investment Management Inc. raised its stake in shares of Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker's stock valued at $34,852,000 after acquiring an additional 43,389 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 last quarter. Vestcor Inc increased its holdings in Intuit by 79.1% during the 4th 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 during the period. Janney Montgomery Scott LLC increased its holdings in Intuit by 119.5% during the 1st 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 during the period. Finally, O Shaughnessy Asset Management LLC raised its position in Intuit by 13.2% during the 4th 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 hedge funds and other institutional investors.

Key Stories 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.

Intuit Trading Up 4.4%

Shares of NASDAQ INTU opened at $350.41 on Wednesday. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $719.10. The stock has a market cap of $95.85 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.09 and a beta of 0.97. The firm has a 50-day moving average of $294.02 and a 200 day moving average of $361.87. 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 (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the previous year, the firm posted $11.65 earnings per share. Intuit's quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts expect that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on INTU shares. Morgan Stanley cut Intuit from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $580.00 to $335.00 in a report on Tuesday, July 21st. Mizuho reduced their target price on Intuit from $500.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft decreased their target price on Intuit from $600.00 to $530.00 and set a "buy" rating for the company in a report on Thursday, May 21st. KeyCorp cut their price target on shares of Intuit from $520.00 to $450.00 and set an "overweight" rating on the stock in a report on Thursday, May 21st. Finally, Truist Financial reiterated a "hold" rating and issued a $350.00 price target (down from $410.00) on shares of Intuit in a report on Monday, August 3rd. Twenty analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $454.65.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 284 shares of Intuit 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 in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 company'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 completion of the acquisition, the director directly owned 1,750 shares of the company's stock, valued at approximately $541,992.50. This represents a 40.00% increase in their position. The SEC filing for this purchase provides additional information. Over 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 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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