Compass Wealth Management LLC Takes $1.04 Million Position in Intuit Inc. $INTU

Compass Wealth Management LLC bought a new position in Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 4,005 shares of the software maker’s stock, valued at approximately $1,045,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Joseph Group Capital Management acquired a new position in Intuit in the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit in the fourth quarter valued at approximately $25,000. MidFirst Bank bought a new stake in Intuit in the second quarter worth approximately $28,000. HHM Wealth Advisors LLC grew its position in 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 acquiring an additional 30 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Intuit during the 1st quarter worth $30,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu purchased 1,250 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the purchase, the director directly owned 1,250 shares in the company, valued at $386,812.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,239 shares of company stock valued at $348,354. Insiders own 2.49% of the company’s stock.

Intuit Trading Up 4.4%

Shares of NASDAQ:INTU opened at $350.41 on Wednesday. The company has a market cap of $95.85 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.09 and a beta of 0.97. The stock’s 50-day moving average is $294.02 and its 200-day moving average is $361.87. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $719.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Intuit’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.65 earnings per share. Equities research analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Trending Headlines about 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.

Wall Street Analyst Weigh In

Several research firms have weighed in on INTU. Erste Group Bank upgraded Intuit to a “hold” rating in a report on Monday, April 27th. Susquehanna decreased their price target on Intuit from $550.00 to $427.00 and set a “positive” rating for the company in a research note on Monday, July 20th. Wells Fargo & Company lowered their price objective on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Citigroup cut their price objective on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Finally, 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 for the company. Twenty equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $454.65.

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.