Elevation Point Wealth Partners LLC Purchases New Shares in Intuit Inc. $INTU

Elevation Point Wealth Partners LLC acquired 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 Securities and Exchange Commission (SEC). The firm acquired 3,934 shares of the software maker’s stock, valued at approximately $1,027,000.

A number of other large investors have also recently made changes to their positions in the business. Joseph Group Capital Management purchased a new stake in shares of Intuit during the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Intuit in the fourth quarter worth about $25,000. MidFirst Bank bought a new stake in Intuit during the second quarter worth approximately $28,000. HHM Wealth Advisors LLC increased its stake in Intuit by 75.0% during 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 during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Intuit during the first quarter valued at approximately $30,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Price Performance

NASDAQ INTU opened at $369.92 on Tuesday. 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 firm’s 50 day moving average price is $300.85 and its 200-day moving average price is $358.61. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $705.08. The company has a market cap of $101.19 billion, a PE ratio of 22.41, a P/E/G ratio of 1.15 and a beta of 0.97.

Analyst Ratings Changes

Several research firms have recently issued reports on INTU. Oppenheimer lowered their price objective on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. The Goldman Sachs Group downgraded Intuit from a “neutral” rating to a “sell” rating and cut their price objective for the company from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Barclays dropped their target price on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Argus lowered their target price on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Finally, UBS Group reissued a “neutral” rating on shares of Intuit in a research report on Tuesday, August 18th. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $449.65.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on 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 in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock valued at $348,354 over the last ninety days. Insiders own 2.49% of the company’s stock.

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 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.