Trajan Wealth LLC Makes New $6.97 Million Investment in Intuit Inc. $INTU

Trajan Wealth LLC bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 26,692 shares of the software maker’s stock, valued at approximately $6,967,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Investment Management Inc. raised its holdings in Intuit by 522.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after purchasing an additional 43,389 shares during the period. Bank of New York Mellon Corp increased its position in shares of Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after buying an additional 471,451 shares in the last quarter. Vestcor Inc increased its position in shares of Intuit by 79.1% in the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after buying an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Intuit by 119.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after buying an additional 47,148 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Intuit by 13.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock worth $39,728,000 after acquiring an additional 6,999 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on INTU. Wolfe Research reissued an “outperform” rating and issued a $400.00 target price on shares of Intuit in a research note on Thursday, May 21st. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Piper Sandler reiterated an “underweight” rating and issued a $250.00 price objective on shares of Intuit in a research report on Wednesday, August 19th. Finally, BMO Capital Markets lowered their target price on Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $449.65.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of the 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 transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The transaction 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. Insiders sold 1,239 shares of company stock worth $348,354 over the last ninety days. 2.49% of the stock is owned by corporate insiders.

Trending Headlines about Intuit

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

Intuit Price Performance

INTU stock opened at $369.92 on Tuesday. The stock has a 50-day moving average price of $300.85 and a two-hundred day moving average price of $358.61. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08. The stock has a market cap of $101.19 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

About Intuit

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.