Intuit Inc. $INTU Shares Sold by Carderock Capital Management Inc.

Carderock Capital Management Inc. lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 78.1% during the 2nd quarter, Holdings Channel reports. The firm owned 3,407 shares of the software maker’s stock after selling 12,165 shares during the quarter. Carderock Capital Management Inc.’s holdings in Intuit were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Joseph Group Capital Management acquired a new stake in shares of Intuit during the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Intuit in the 4th quarter valued at $25,000. HHM Wealth Advisors LLC increased its position in shares of Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares during the period. Whipplewood Advisors LLC purchased a new position in Intuit in the 1st quarter worth $30,000. Finally, CrossGen Wealth LLC acquired a new stake in Intuit during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on INTU shares. Wolfe Research reiterated an “outperform” rating and set a $400.00 price target on shares of Intuit in a research note on Thursday, May 21st. The Goldman Sachs Group downgraded Intuit from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $519.00 to $276.00 in a report on Tuesday, June 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $275.00 price target (down from $375.00) on shares of Intuit in a report on Wednesday, June 17th. BNP Paribas Exane reduced their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Finally, TD Cowen cut shares of Intuit from a “buy” rating to a “hold” rating and decreased their price objective for the company from $504.00 to $304.00 in a research note on Tuesday, July 28th. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $460.45.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of Intuit stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, with a total value of $386,812.50. Following the acquisition, the director directly owned 1,250 shares in the company, valued at $386,812.50. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 1,239 shares of company stock valued at $348,354. Insiders own 2.49% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit benefited from a wider software-sector tailwind linked to easing geopolitical tensions and renewed AI-related merger-and-acquisition activity. The company’s history of earnings surprises and expectations for another potential beat may also be supporting sentiment. Intuit, BILL, Workiva, Elastic, and Autodesk Stocks Trade Up
• Neutral Sentiment: Intuit shares ended at $323.60, up for the session but still well below the 200-day moving average of $376.56. The stock’s recent performance reflects a recovery from its 12-month low, although trading volume remained below average. Intuit Advances But Underperforms Market
• Negative Sentiment: Truist downgraded Intuit to Hold from Buy and cut its price target to $350 from $410, citing a softer growth outlook and limited near-term catalysts. The reduced target leaves only modest upside from the reported closing level. Intuit Cut to Hold at Truist
• Negative Sentiment: Several law firms publicized a securities class action filed against Intuit and certain executives. The lawsuit alleges that the company misrepresented TurboTax’s growth prospects, competitive advantages, and pricing environment before a sharp stock decline. The allegations have not been proven, but the litigation creates reputational, legal, and investor-confidence risks; the lead-plaintiff deadline is September 8, 2026. Pomerantz Class Action Announcement
• Negative Sentiment: Fundsmith Equity Fund disclosed that it sold its Intuit position during the second quarter, adding to concerns among investors about valuation, competitive pressure, and slowing growth. Why Fundsmith Sold Intuit

Intuit Stock Performance

Shares of INTU stock opened at $323.60 on Wednesday. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $794.09. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market cap of $88.52 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. The business has a 50-day simple moving average of $289.35 and a 200-day simple moving average of $376.56.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. The firm 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%.Intuit’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $11.65 earnings per share. 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, equities analysts expect that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were given a $1.20 dividend. The ex-dividend date was Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. Intuit’s dividend payout ratio is 29.07%.

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.