27,630 Shares in Intuit Inc. $INTU Acquired by Trust Co. of Vermont

Key Points

• Trust Co. of Vermont acquired 27,630 Intuit shares during the second quarter, valued at approximately $7.2 million. Institutional investors collectively own 83.66% of the company.
• Analyst sentiment remains generally positive, with 19 Buy, 10 Hold, and 3 Sell ratings and a consensus price target of $454.65, although several firms recently cut their targets and downgraded the stock.
• Intuit’s latest quarterly results exceeded expectations: adjusted earnings were $12.80 per share versus $12.57 expected, while revenue rose 10.4% year over year to $8.56 billion. Investors are watching the company’s upcoming August 25 earnings report for updates on QuickBooks, TurboTax, and artificial intelligence.

Trust Co. of Vermont purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,630 shares of the software maker's stock, valued at approximately $7,211,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Betterment LLC increased its holdings in shares of Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker's stock valued at $532,000 after acquiring an additional 16 shares during the period. One Capital Management LLC lifted its stake in shares of Intuit by 2.7% in the 3rd quarter. One Capital Management LLC now owns 681 shares of the software maker's stock worth $465,000 after acquiring an additional 18 shares during the period. Quadcap Wealth Management LLC boosted its holdings in Intuit by 1.0% in the 3rd quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker's stock valued at $1,230,000 after purchasing an additional 18 shares in the last quarter. United Asset Strategies Inc. boosted its stake in shares of Intuit by 1.0% in the fourth quarter. United Asset Strategies Inc. now owns 2,036 shares of the software maker's stock valued at $1,349,000 after buying an additional 20 shares in the last quarter. Finally, Sage Private Wealth Group LLC boosted its position in shares of Intuit by 2.8% during the 4th quarter. Sage Private Wealth Group LLC now owns 802 shares of the software maker's stock worth $531,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Transactions at Intuit

In other news, Director Vasant M. Prabhu acquired 1,250 shares of the business's stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the completion of the transaction, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. The trade was a 2.67% decrease in their position. The SEC filing for this sale provides additional information. 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 worth $348,354. 2.49% of the stock is owned by insiders.

Analysts Set New Price Targets

INTU has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on Intuit from $425.00 to $360.00 and set an "equal weight" rating for the company in a research note on Thursday, May 21st. Stifel Nicolaus reiterated a "hold" rating and set a $275.00 target price (down from $375.00) on shares of Intuit in a research report on Wednesday, June 17th. Freedom Capital lowered Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. TD Cowen raised their price target on Intuit from $304.00 to $328.00 and gave the company a "hold" rating in a research report on Tuesday, August 11th. Finally, UBS Group cut their price target on Intuit from $440.00 to $360.00 and set a "neutral" rating for the company in a research note on Thursday, May 21st. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $454.65.

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

Intuit Price Performance

Shares of NASDAQ:INTU opened at $335.60 on Tuesday. The business's fifty day moving average price is $292.88 and its two-hundred day moving average price is $363.19. The stock has a market cap of $91.80 billion, a PE ratio of 20.33, a price-to-earnings-growth 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.

Intuit (NASDAQ:INTU - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $8.54 billion. During the same period in the previous year, the firm posted $11.65 earnings per share. 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. On average, analysts forecast that Intuit Inc. will post 18.18 EPS for the current fiscal year.

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.

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