Baxter Bros Inc. Makes New Investment in Intuit Inc. $INTU

Key Points

• Baxter Bros Inc. initiated a $14.6 million Intuit position by purchasing 55,889 shares in the second quarter, making INTU its 19th-largest holding. Institutional investors collectively own 83.66% of the company.
• Intuit reported quarterly revenue of $8.56 billion and EPS of $12.80, both slightly exceeding estimates, while revenue increased 10.4% year over year. The company also maintains a $1.20 quarterly dividend, equivalent to a 1.4% yield.
• Investor sentiment is mixed: analysts retain a “Moderate Buy” consensus with a $456.90 average target, but recent downgrades, options-implied uncertainty and securities-class-action allegations create meaningful risks. Intuit is also expanding its conversational-AI platform to target larger businesses and accounting firms.

Baxter Bros Inc. purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 55,889 shares of the software maker's stock, valued at approximately $14,587,000. Intuit comprises about 1.7% of Baxter Bros Inc.'s investment portfolio, making the stock its 19th biggest position.

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

Insider Transactions at Intuit

In other news, Director Vasant M. Prabhu purchased 1,250 shares of the business's stock in a transaction on Friday, May 22nd. The shares were acquired 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. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 338 shares of the firm'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 value of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares of the company's stock, valued at $3,449,554.36. This trade represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock worth $348,354 in the last three months. Insiders own 2.49% of the company's stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit expanded its Intuit Intelligence platform with conversational AI and additional capabilities for QuickBooks Online Advanced and Intuit Enterprise Suite. The initiative targets larger businesses, CFOs and accounting firms and could support growth beyond Intuit’s traditional small-business customer base. Intuit Advances Its Mid-Market Platform With Conversational AI, Enterprise Scale, and Deep Industry Workflows for CFOs and Accounting Firms
• Positive Sentiment: Some recent analyst commentary remains bullish, arguing that Intuit’s core QuickBooks and online ecosystem remain resilient, while TurboTax monetization, Credit Karma synergies and AI adoption could help sustain double-digit growth. Upcoming fiscal-year 2027 guidance and management’s AI strategy are viewed as important catalysts. Intuit: Strong Fundamentals Amid AI Fears Make The Stock Attractive
• Neutral Sentiment: Options pricing implies a wide potential trading range rather than a clear directional signal, suggesting elevated uncertainty and the need for investors to manage position sizes carefully. Intuit's Options Price A Floor Below Anything The Stock Has Touched In A Year
• Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers. The complaints allege that the company misled investors about the sustainability of business growth, particularly TurboTax, and failed to disclose competitive and pricing pressures in its tax operations. The allegations have not been proven. Investors in the August 22, 2025–May 20, 2026 class period have until September 8, 2026 to seek lead-plaintiff status. The repeated notices add legal and reputational overhang to the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act

Intuit Stock Performance

Shares of Intuit stock opened at $345.66 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $292.28 and a two-hundred day moving average price of $364.67. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $721.54. The company has a market cap of $94.55 billion, a P/E ratio of 20.94, a PEG ratio of 1.09 and a beta of 0.97.

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

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Intuit's dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of recent research reports. Morgan Stanley downgraded Intuit from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $580.00 to $335.00 in a report on Tuesday, July 21st. Weiss Ratings lowered Intuit from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, June 11th. Wolfe Research reissued an "outperform" rating and issued a $400.00 price target on shares of Intuit in a research note on Thursday, May 21st. TD Cowen raised their price objective on Intuit from $304.00 to $328.00 and gave the stock a "hold" rating in a research report on Tuesday, August 11th. Finally, Citigroup cut their price objective on Intuit from $591.00 to $457.00 and set a "buy" rating on the stock in a research note on Thursday. Nineteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $456.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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