Vise Technologies Inc. Takes Position in Intuit Inc. $INTU

Key Points

• Vise Technologies initiated a position in Intuit, purchasing 14,867 shares valued at approximately $3.88 million. Institutional investors collectively own 83.66% of Intuit’s outstanding stock.
• Intuit’s latest quarterly results exceeded expectations, with adjusted earnings of $12.80 per share and revenue of $8.56 billion, up 10.4% year over year. Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $451.26 price target, despite several recent target reductions and a Goldman Sachs downgrade to Sell.
• Investor sentiment is mixed: analysts cite growth potential in TurboTax Live, Credit Karma and QuickBooks, while securities-litigation allegations and concerns about TurboTax’s competitive pressures add risk. Insider activity was also mixed, with one director buying shares while insiders sold $348,354 worth over the past three months.

Vise Technologies Inc. bought a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 14,867 shares of the software maker's stock, valued at approximately $3,880,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Joseph Group Capital Management bought a new position in shares of Intuit during the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit in the 4th quarter valued at about $25,000. Pin Oak Investment Advisors Inc. bought a new stake in Intuit in the 3rd quarter valued at about $33,000. Birchwood Financial Partners Inc. acquired a new position in Intuit during the 4th quarter worth approximately $33,000. Finally, Sankala Group LLC acquired a new position in Intuit during the 4th quarter worth approximately $40,000. 83.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Vasant M. Prabhu acquired 500 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $309.71 per share, with a total value of $154,855.00. Following the acquisition, the director directly owned 1,750 shares of the company's stock, valued at $541,992.50. The trade was a 40.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the transaction, the director directly owned 11,758 shares in the company, valued at $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. 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 sold a total of 1,239 shares of company stock valued at $348,354 over the last three months. 2.49% of the stock is currently owned by insiders.

Key Stories Impacting Intuit

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Oppenheimer reduced their price objective on Intuit from $558.00 to $406.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. BNP Paribas Exane lowered their target price on Intuit from $463.00 to $315.00 and set a "neutral" rating on the stock in a research report on Thursday, May 21st. Argus cut their target price on Intuit from $580.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, May 22nd. The Goldman Sachs Group downgraded shares of Intuit from a "neutral" rating to a "sell" rating and reduced their price target for the company from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Finally, BMO Capital Markets lowered their price objective on shares of Intuit from $550.00 to $412.00 and set an "outperform" rating on the stock in a 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $451.26.

Intuit Stock Performance

Shares of INTU opened at $361.87 on Friday. The firm has a market capitalization 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 Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The stock has a 50 day moving average price of $297.28 and a two-hundred day moving average price of $359.91. 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 (NASDAQ:INTU - Get Free Report) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share 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 analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $11.65 earnings per share. Equities analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

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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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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