Commerce Bank Buys Shares of 14,698 Intuit Inc. $INTU

Commerce Bank purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,698 shares of the software maker’s stock, valued at approximately $3,836,000.

A number of other large investors have also modified their holdings of INTU. XXEC Inc. bought a new position in Intuit in the 2nd quarter worth about $436,740,000. BlackRock Inc. bought a new stake in shares of Intuit during the second quarter valued at approximately $6,851,859,000. Norges Bank bought a new stake in shares of Intuit during the fourth quarter valued at approximately $3,058,407,000. Bank of New York Mellon Corp acquired a new position in shares of Intuit during the second quarter worth approximately $564,592,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Intuit by 102.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after buying an additional 1,972,719 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

INTU opened at $369.92 on Tuesday. The business has a 50 day moving average price of $300.85 and a two-hundred day moving average price of $358.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $101.19 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08.

More Intuit News

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

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

INTU has been the topic of several recent analyst reports. Morgan Stanley downgraded Intuit from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $580.00 to $335.00 in a research note on Tuesday, July 21st. BMO Capital Markets decreased their price target on Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Oppenheimer lowered their price target on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. UBS Group restated a “neutral” rating on shares of Intuit in a research note on Tuesday, August 18th. Finally, Freedom Capital lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Twenty equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $449.65.

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.