10,869 Shares in Intuit Inc. $INTU Purchased by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group acquired 10,869 Intuit shares during the second quarter, worth approximately $2.84 million. Institutional investors own 83.66% of Intuit’s outstanding stock.
• Intuit’s latest quarterly results exceeded expectations, with adjusted EPS of $12.80 versus a $12.57 consensus and revenue of $8.56 billion, up 10.4% year over year.
• Intuit shares opened at $335.60, while analysts maintained a “Moderate Buy” consensus and an average price target of $454.65; however, several firms recently lowered targets or ratings, reflecting increased caution.

Citizens Financial Group Inc. RI acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,869 shares of the software maker's stock, valued at approximately $2,837,000.

Several other hedge funds have also recently added to or reduced their stakes in INTU. Joseph Group Capital Management acquired a new stake in shares of Intuit in the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Intuit during the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit during the 3rd quarter worth approximately $33,000. Birchwood Financial Partners Inc. acquired a new position in shares of Intuit during the 4th quarter worth approximately $33,000. Finally, Sankala Group LLC purchased a new stake in Intuit in the 4th quarter valued at approximately $40,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard L. Dalzell sold 338 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares of the company's stock, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 1,239 shares of company stock worth $348,354 over the last quarter. 2.49% of the stock is currently owned by company insiders.

Intuit Stock Down 2.9%

INTU stock opened at $335.60 on Tuesday. The stock has a market capitalization of $91.80 billion, a P/E ratio of 20.33, a PEG ratio of 1.09 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a one year low of $252.84 and a one year high of $721.54. The company has a 50 day moving average price of $292.88 and a two-hundred day moving average price of $363.19.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts' consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the prior year, the company posted $11.65 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. 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 expect that Intuit Inc. will post 18.18 EPS for the current year.

Trending Headlines about Intuit

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

A number of equities research analysts have commented on the company. Rothschild & Co Redburn lowered their target price on Intuit from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Tuesday, June 2nd. 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 objective on Intuit from $558.00 to $406.00 and set an "outperform" rating on the stock in a research report on Thursday, May 21st. TD Cowen increased their price objective on Intuit from $304.00 to $328.00 and gave the company a "hold" rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley cut Intuit from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $580.00 to $335.00 in a research report on Tuesday, July 21st. Nineteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $454.65.

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.

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