Cumberland Partners Ltd Makes New Investment in Intuit Inc. $INTU

Cumberland Partners Ltd bought a new stake in Intuit Inc. (NASDAQ:INTU) during the third quarter, according to its most recent filing with the SEC. The firm bought 7,965 shares of the software maker’s stock, valued at approximately $5,439,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new position in Intuit during the 2nd quarter worth approximately $3,268,830,000. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit in the first quarter valued at about $785,564,000. Winslow Capital Management LLC acquired a new stake in shares of Intuit during the second quarter worth $782,677,000. Vanguard Group Inc. lifted its position in shares of Intuit by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after acquiring an additional 914,024 shares during the period. Finally, Swedbank AB lifted its stake in Intuit by 575.4% during the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock worth $602,023,000 after purchasing an additional 751,027 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INTU. Oppenheimer cut their price target on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. KeyCorp reduced their price objective on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Daiwa Securities Group raised their price objective on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Independent Research set a $875.00 price target on Intuit in a research report on Tuesday, November 18th. Finally, UBS Group set a $739.00 target price on shares of Intuit in a research report on Tuesday, January 6th. Twenty-two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $772.42.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Launched a construction edition of its Enterprise Suite — an AI-driven ERP aimed at the ~ $2 trillion construction market, expanding Intuit’s addressable market and cross-sell opportunities in mid-market ERP. Intuit Targets $2 Trillion Construction Market With New AI Suite
• Positive Sentiment: Expanded partnership with Wix to integrate website and financial tools for small businesses, which supports subscription growth and customer stickiness in SMB products. Wix, Intuit Expand Partnership To Power Small Business Growth
• Neutral Sentiment: Analysts continue to lean positive overall — INTU carries an average “Moderate Buy” consensus, which supports longer-term investor confidence but leaves short-term sensitivity to guidance and macro factors. Intuit Inc. Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Company is expected to report earnings soon (projected to post on Thursday); upcoming results and any guidance will likely be the next major catalyst. Intuit (INTU) Projected to Post Earnings on Thursday
• Negative Sentiment: TD Cowen lowered its price target on INTU, putting near-term pressure on the stock and giving traders a nearer-term bearish signal to price in. TD Cowen Lowers PT on Intuit Inc. (INTU) Stock
• Negative Sentiment: Broader software-sector selloff tied to renewed AI fears (Anthropic’s Claude update and skeptical analyst commentary) has weighed on Intuit alongside peers, increasing volatility despite Intuit’s fundamentals. Software Stocks—Oracle, Intuit, More—Fall As Anthropic’s Latest Claude Model Fuels AI Concerns

Intuit Stock Up 2.7%

Shares of NASDAQ INTU opened at $389.57 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm’s fifty day moving average is $566.24 and its 200 day moving average is $635.57. The company has a market cap of $108.41 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.55 and a beta of 1.24. Intuit Inc. has a 52 week low of $375.40 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. During the same period in the previous year, the firm earned $2.50 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. The trade was a 75.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 388,464 shares of company stock valued at $255,514,393. Insiders own 2.49% of the company’s stock.

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.