Trillium Asset Management LLC Buys Shares of 52,231 Intuit Inc. $INTU

Key Points

• Trillium Asset Management initiated a position in Intuit by purchasing 52,231 shares valued at approximately $13.6 million. Institutional investors and hedge funds collectively own 83.66% of the company.
• Intuit’s latest quarterly results exceeded expectations, with EPS of $12.80 and revenue of $8.56 billion, up 10.4% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $451.26, despite several recent target reductions.
• Investor sentiment remains mixed: growth in TurboTax, Credit Karma and QuickBooks supports optimism, while securities litigation allegations, competitive pressures and a bearish Piper Sandler price target highlight ongoing risks.

Trillium Asset Management LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,231 shares of the software maker's stock, valued at approximately $13,633,000.

Other institutional investors also recently made changes to their positions in the company. Vise Technologies Inc. purchased a new stake in Intuit during the 2nd quarter worth about $3,880,000. E Fund Management Co. Ltd. purchased a new position in Intuit in the 2nd quarter valued at about $4,465,000. Asahi Life Asset Management CO. LTD. purchased a new position in Intuit in the 2nd quarter valued at about $413,000. Aurora Investment Counsel acquired a new stake in shares of Intuit during the 2nd quarter worth about $1,961,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Intuit during the 2nd quarter worth about $1,090,000. 83.66% of the stock is owned by institutional investors and hedge funds.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts are focused on continued momentum in TurboTax Live, Credit Karma and QuickBooks heading into the July 2026 quarter. Strong customer growth, bookings and revenue trends in these businesses could support an earnings beat. Can Intuit's Key Growth Engines Power Strong Q4 Results?
• Positive Sentiment: Bank of America maintained a Buy rating and its $400 price target, citing Intuit’s durable growth drivers and attractive valuation. Other previews suggest compressed valuation, previously raised guidance and positive expectations could create room for an upside surprise. Intuit: Resilient Growth Drivers and Attractive Valuation Support Buy Rating
• Neutral Sentiment: Wall Street projections for revenue, earnings and key operating metrics will be important because investors are weighing growth against elevated expectations. The company’s actual results and forward guidance may determine whether the pre-earnings optimism holds. Insights Into Intuit Q4: Wall Street Projections for Key Metrics
• Negative Sentiment: Several law firms publicized a securities class action alleging that Intuit and certain executives misled investors about the sustainability of TurboTax growth and failed to disclose competitive and pricing pressures. The allegations have not been proven, but the repeated announcements increase headline and potential litigation risk; September 8 is cited as the lead-plaintiff deadline. Pomerantz Announces Class Action Against Intuit
• Negative Sentiment: Piper Sandler reaffirmed an Underweight rating and assigned a $250 price target, implying substantial downside from recent trading levels. This contrasts with more optimistic analyst views and underscores uncertainty surrounding Intuit’s tax business and valuation. Piper Sandler Intuit Rating

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu purchased 500 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the purchase, the director directly owned 1,750 shares in the company, valued at approximately $541,992.50. This trade represents a 40.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction 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 completion of the transaction, the director owned 12,326 shares in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock valued at $348,354 in the last ninety days. 2.49% of the stock is currently owned by company insiders.

Intuit Trading Down 0.2%

NASDAQ INTU opened at $361.87 on Friday. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The company has a 50-day moving average of $297.28 and a 200-day moving average of $359.91. 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 cap of $98.99 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.15 and a beta of 0.97.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on INTU shares. KeyCorp cut their price objective on shares of Intuit from $520.00 to $450.00 and set an "overweight" rating for the company in a research report on Thursday, May 21st. Evercore restated an "outperform" rating on shares of Intuit in a research report on Tuesday. UBS Group reaffirmed a "neutral" rating on shares of Intuit in a research note on Tuesday. Susquehanna cut their price target on Intuit from $550.00 to $427.00 and set a "positive" rating for the company in a report on Monday, July 20th. Finally, Argus reduced their price target on Intuit from $580.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, May 22nd. Twenty equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $451.26.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source