Texas Capital Bank Wealth Management Services Inc Buys Shares of 30,471 Intuit Inc. $INTU

Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,471 shares of the software maker’s stock, valued at approximately $7,953,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management bought a new stake in Intuit in the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management bought a new position in Intuit during the fourth quarter worth about $25,000. MidFirst Bank purchased a new position in shares of Intuit in the second quarter worth about $28,000. HHM Wealth Advisors LLC raised its position in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after purchasing an additional 30 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in shares of Intuit in the first quarter valued at approximately $30,000. Institutional investors own 83.66% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s growth opportunity remains substantial: analysts highlighted a nearly $90 billion mid-market opportunity, with advanced QuickBooks and other products potentially offsetting pressure in the do-it-yourself tax business. INTU Targets a Massive Mid-Market Opportunity
• Positive Sentiment: Mizuho lowered its price target to $430 from $500 but maintained an “outperform” rating, implying meaningful upside from recent trading levels. The company also recently exceeded quarterly earnings and revenue expectations, with revenue up 10.4% year over year. Mizuho Intuit Price Target Update
• Neutral Sentiment: Investor attention is focused on Intuit’s upcoming August 25 earnings report, with market discussions centering on expected growth, TurboTax and QuickBooks performance, and whether artificial intelligence will strengthen or disrupt tax and accounting software.
• Negative Sentiment: Several law firms—including Faruqi & Faruqi, Kessler Topaz, Levi & Korsinsky, Schall Brown & Schwartz, and Rosen—issued notices promoting the pending securities-fraud lawsuit. Although these notices do not establish liability or quantify damages, their volume reinforces investor concerns about possible litigation costs, reputational damage, and scrutiny of TurboTax growth disclosures. Intuit Class Action Notice
• Negative Sentiment: The Mizuho target reduction signals that analysts have become more cautious about Intuit’s near-term outlook, even though the firm retained its bullish rating. Mizuho Intuit Price Target Update

Wall Street Analysts Forecast Growth

Several research analysts recently commented on INTU shares. Wall Street Zen downgraded shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Mizuho dropped their target price on Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday. Northcoast Research cut their price target on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Oppenheimer reduced their price target on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $275.00 price objective (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $454.65.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $335.60 on Tuesday. The company has a 50 day moving average of $292.88 and a 200 day moving average of $363.19. The stock has a market cap of $91.80 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.09 and a beta of 0.97. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $721.54. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

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

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the transaction, the director directly owned 11,758 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the firm’s stock in a transaction 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 completion of the purchase, the director directly owned 1,750 shares in the company, valued at approximately $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 1,239 shares of company stock valued at $348,354 in the last three months. 2.49% of the stock is owned by corporate insiders.

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.