Empirical Asset Management LLC Invests $427,000 in Intuit Inc. $INTU

Empirical Asset Management LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, HoldingsChannel.com reports. The fund acquired 1,637 shares of the software maker’s stock, valued at approximately $427,000.

Other institutional investors have also made changes to their positions in the company. Joseph Group Capital Management bought a new stake in Intuit during the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Intuit during the 4th quarter worth $25,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Intuit during the 3rd quarter worth $33,000. Birchwood Financial Partners Inc. acquired a new position in Intuit in the 4th quarter valued at $33,000. Finally, Sankala Group LLC bought a new position in Intuit in the 4th quarter worth $40,000. 83.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Freedom Capital downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Susquehanna lowered their target price on Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a report on Monday, July 20th. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Evercore restated an “outperform” rating on shares of Intuit in a research note on Tuesday. Finally, Mizuho dropped their target price on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday. 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. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus price target of $454.65.

Key Headlines Impacting 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.

Intuit Trading Up 4.4%

INTU stock opened at $350.41 on Wednesday. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $719.10. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $294.02 and its 200-day moving average is $361.87. The firm 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.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $8.54 billion. During the same quarter in the previous year, the firm earned $11.65 EPS. Intuit’s quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of Intuit 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 transaction, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 1,250 shares of Intuit stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of $309.45 per share, for a total transaction 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 1,239 shares of company stock valued at $348,354 over the last quarter. Corporate insiders own 2.49% of the company’s stock.

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.