Northwestern Mutual Wealth Management Co. Purchases Shares of 18,509 Intuit Inc. $INTU

Northwestern Mutual Wealth Management Co. acquired a new position in Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,509 shares of the software maker's stock, valued at approximately $4,831,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after purchasing an additional 482 shares during the period. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the 1st quarter valued at about $785,564,000. Sivia Capital Partners LLC boosted its stake in shares of Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock valued at $698,000 after purchasing an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC increased its position in shares of Intuit by 12.2% during the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock valued at $370,000 after buying an additional 51 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Intuit from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, June 11th. BMO Capital Markets reduced their target price on Intuit from $550.00 to $412.00 and set an "outperform" rating on the stock in a report on Thursday, May 21st. Evercore reissued an "outperform" rating on shares of Intuit in a research report on Tuesday, August 18th. Susquehanna lowered their target price on Intuit from $550.00 to $427.00 and set a "positive" rating for the company in a research note on Monday, July 20th. Finally, HSBC reduced their price target on Intuit from $897.00 to $707.00 and set a "buy" rating on the stock in a research note on Friday, May 22nd. Twenty equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $449.65.

Trending Headlines about 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 news, Director Richard L. Dalzell sold 284 shares of the business's stock in a transaction on Tuesday, June 23rd. The stock was 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 in the company, valued at $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 500 shares of the stock in a transaction dated Tuesday, May 26th. The shares were acquired 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 owned 1,750 shares of the company's stock, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 1,239 shares of company stock valued at $348,354. Corporate insiders own 2.49% of the company's stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $367.00 on Monday. The firm has a market cap of $100.39 billion, a P/E ratio of 22.23, a PEG ratio of 1.15 and a beta of 0.97. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $299.09 and a 200 day moving average of $359.07.

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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