Liberty One Investment Management LLC Buys 2,300 Shares of Intuit Inc. $INTU

Liberty One Investment Management LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 40.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,925 shares of the software maker’s stock after buying an additional 2,300 shares during the period. Liberty One Investment Management LLC’s holdings in Intuit were worth $3,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mizuho Markets Americas LLC bought a new position in Intuit in the first quarter valued at about $360,000. Bank of Nova Scotia grew its holdings in shares of Intuit by 33.0% during the first quarter. Bank of Nova Scotia now owns 224,052 shares of the software maker’s stock worth $96,876,000 after purchasing an additional 55,584 shares during the last quarter. Bandera Partners LLC bought a new stake in shares of Intuit during the first quarter worth about $7,783,000. Cetera Investment Advisers increased its stake in shares of Intuit by 11.1% in the first quarter. Cetera Investment Advisers now owns 75,725 shares of the software maker’s stock valued at $32,742,000 after buying an additional 7,583 shares during the period. Finally, Alpha Family Trust increased its stake in shares of Intuit by 12.8% in the first quarter. Alpha Family Trust now owns 2,425 shares of the software maker’s stock valued at $1,049,000 after buying an additional 275 shares during the period. Institutional investors own 83.66% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched a new QuickBooks-linked small business credit card with Mastercard, which could deepen engagement with its platform and create a new financial-services growth avenue. Intuit Launches Business Credit Card That Brings Spend Management, Rewards, and Insights Together in QuickBooks
• Positive Sentiment: Intuit highlighted its AI and telesurgery-style collaboration vision at the Society of Robotic Surgery conference for its broader technology platform, showcasing long-term innovation, though this is not directly tied to INTU’s core business and appears to be unrelated content in the feed.
• Neutral Sentiment: Multiple law firms urged affected shareholders to contact them before the September lead-plaintiff deadline in the pending securities class action. These reminders are procedural, but they keep the allegations in the spotlight. INTU Investors Have Opportunity to Lead Intuit Inc. Securities Fraud Lawsuit
• Neutral Sentiment: Intuit’s recent earnings beat and revenue growth remain supportive in the background, but today’s trading appears to be driven more by litigation headlines and analyst sentiment than by operating results.
• Negative Sentiment: A class action was filed alleging Intuit overstated the health of its tax-related business and TurboTax growth prospects, raising concerns about disclosure risk and potential legal costs. Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Fraud Class Action Lawsuit Against Intuit Inc.
• Negative Sentiment: Market commentary about generative AI disruption fears and a reported analyst downgrade added to investor caution around Intuit’s growth outlook and valuation. Generative AI Disruption Fears Hurt Intuit (INTU)

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 284 shares of the business’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 completion of the sale, the director directly owned 11,758 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director directly owned 1,750 shares in the company, valued at $541,992.50. The trade was a 40.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have 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.

Analyst Upgrades and Downgrades

Several research firms recently commented on INTU. Freedom Capital downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. UBS Group dropped their price target on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Rothschild & Co Redburn reduced their price objective on shares of Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Finally, Northcoast Research lowered their target price on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Twenty-one analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $468.84.

Intuit Stock Performance

Shares of INTU opened at $281.53 on Friday. Intuit Inc. has a one year low of $252.84 and a one year high of $813.70. The company has a market cap of $77.01 billion, a PE ratio of 17.05, a P/E/G ratio of 1.04 and a beta of 1.00. The stock has a 50-day moving average of $295.57 and a 200-day moving average of $394.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45.

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

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, July 9th. Intuit’s payout ratio is 29.07%.

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.