707,950 Shares in Intuit Inc. $INTU Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 707,950 shares of the software maker’s stock, valued at approximately $184,808,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 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. 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. Whipplewood Advisors LLC purchased a new stake in shares of Intuit in the first quarter worth about $30,000. Finally, CrossGen Wealth LLC bought a new position in Intuit during the first quarter valued at approximately $32,000. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on INTU shares. Royal Bank Of Canada cut their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. The Goldman Sachs Group downgraded Intuit from a “neutral” rating to a “sell” rating and lowered their target price for the company from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Freedom Capital lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Bank of America initiated coverage on shares of Intuit in a research report on Wednesday, May 27th. They issued a “buy” rating and a $400.00 price target on the stock. Finally, Evercore decreased their price target on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $454.65.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s growth opportunity remains substantial: analysts highlighted a nearly $90 billion mid-market opportunity, with advanced QuickBooks and other products potentially offsetting pressure in the do-it-yourself tax business. INTU Targets a Massive Mid-Market Opportunity
• Positive Sentiment: Mizuho lowered its price target to $430 from $500 but maintained an “outperform” rating, implying meaningful upside from recent trading levels. The company also recently exceeded quarterly earnings and revenue expectations, with revenue up 10.4% year over year. Mizuho Intuit Price Target Update
• Neutral Sentiment: Investor attention is focused on Intuit’s upcoming August 25 earnings report, with market discussions centering on expected growth, TurboTax and QuickBooks performance, and whether artificial intelligence will strengthen or disrupt tax and accounting software.
• Negative Sentiment: Several law firms—including Faruqi & Faruqi, Kessler Topaz, Levi & Korsinsky, Schall Brown & Schwartz, and Rosen—issued notices promoting the pending securities-fraud lawsuit. Although these notices do not establish liability or quantify damages, their volume reinforces investor concerns about possible litigation costs, reputational damage, and scrutiny of TurboTax growth disclosures. Intuit Class Action Notice
• Negative Sentiment: The Mizuho target reduction signals that analysts have become more cautious about Intuit’s near-term outlook, even though the firm retained its bullish rating. Mizuho Intuit Price Target Update

Insider Activity

In related news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the transaction, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the transaction, the director directly owned 1,750 shares in the company, valued at $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 1,239 shares of company stock valued at $348,354 in the last 90 days. Company insiders own 2.49% of the company’s stock.

Intuit Price Performance

Shares of Intuit stock opened at $335.60 on Tuesday. The stock has a market cap of $91.80 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.09 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 stock has a 50 day moving average price of $292.88 and a 200-day moving average price of $363.19. Intuit Inc. has a one year low of $252.84 and a one year high of $721.54.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities analysts expect that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Company 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.