23,159 Shares in Intuit Inc. $INTU Purchased by Sone Capital Management LLC

Sone Capital Management LLC bought a new stake in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,159 shares of the software maker’s stock, valued at approximately $6,044,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new stake in shares of Intuit during the fourth quarter worth about $25,000. Fiduciary Financial Advisors acquired a new position in shares of Intuit in the second quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new stake in Intuit during the second quarter worth approximately $26,000. Finally, MidFirst Bank acquired a new stake in Intuit during the second quarter worth approximately $28,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts expect fiscal fourth-quarter revenue and earnings-per-share growth, with consensus EPS near $3.58–$3.59, compared with $2.75 a year earlier. Strength in QuickBooks, Credit Karma and AI-related offerings could support the stock if Intuit meets or exceeds expectations. Intuit to Report Q4 Earnings: What Should Investors Do?
• Positive Sentiment: Some commentary describes INTU as potentially undervalued after its steep one-year decline. Bulls argue that new conversational-AI capabilities and the company’s recurring software ecosystem could help restore revenue and profit growth. Intuit Stock Could Be A Bargain After A 44% Fall
• Neutral Sentiment: The options market is pricing a roughly 9% potential post-earnings move, indicating unusually high near-term volatility. The market’s reaction is likely to depend more on forward guidance and AI adoption trends than on the quarterly numbers alone. Intuit Options Market Prices a 9% Swing Ahead of Earnings
• Negative Sentiment: Jefferies lowered its price target to $500 from $550, warning that the earnings bar may still be difficult to clear despite reduced expectations. Concerns include slowing TurboTax momentum and the possibility that generative AI could weaken Intuit’s competitive advantage. Jefferies Cuts Intuit Price Target
• Negative Sentiment: Multiple law firms promoted a securities class action and a September 8 lead-plaintiff deadline. The allegations focus on whether Intuit overstated AI-driven growth and the strength of its tax-related business. These are allegations, not proven findings, but the litigation creates an additional overhang for investors. Rosen Intuit Securities Class Action Deadline

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $275.00 price target (down from $375.00) on shares of Intuit in a report on Wednesday, June 17th. Mizuho lowered their price objective on Intuit from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 17th. Daiwa Securities Group dropped their target price on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Argus decreased their price target on Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Finally, Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Twenty research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $449.65.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was 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 of the company’s stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock valued at $348,354 in the last 90 days. 2.49% of the stock is currently owned by company insiders.

Intuit Stock Up 0.8%

Shares of NASDAQ INTU opened at $369.92 on Tuesday. The stock has a market capitalization of $101.19 billion, a PE ratio of 22.41, a P/E/G ratio of 1.15 and a beta of 0.97. 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 firm has a fifty day moving average of $300.85 and a 200-day moving average of $358.61. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $705.08.

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.