Intuit Inc. $INTU Shares Sold by Eastern Bank

Eastern Bank lowered its stake in Intuit Inc. (NASDAQ:INTU) by 94.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,240 shares of the software maker’s stock after selling 23,135 shares during the quarter. Eastern Bank’s holdings in Intuit were worth $324,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Joseph Group Capital Management acquired a new stake in Intuit in the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Intuit during the 4th quarter valued at about $25,000. HHM Wealth Advisors LLC increased its stake in shares of Intuit by 75.0% during 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 last quarter. Whipplewood Advisors LLC purchased a new position in shares of Intuit during the 1st quarter worth about $30,000. Finally, CrossGen Wealth LLC acquired a new stake in shares of Intuit in the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director owned 11,758 shares of the company’s stock, valued at $3,084,358.56. The trade was a 2.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 500 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 1,239 shares of company stock worth $348,354 over the last quarter. 2.49% of the stock is currently owned by company insiders.

Intuit Stock Up 1.3%

INTU stock opened at $327.94 on Thursday. 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 firm has a 50 day simple moving average of $289.76 and a 200-day simple moving average of $374.96. The company has a market capitalization of $89.70 billion, a P/E ratio of 19.86, a PEG ratio of 1.02 and a beta of 0.97. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $786.28.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the company earned $11.65 earnings per share. Intuit’s quarterly revenue was up 10.4% on a year-over-year basis. 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 research analysts predict that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on INTU shares. BMO Capital Markets decreased their price target 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. Evercore dropped their price objective on Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Oppenheimer cut their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Mizuho reduced their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Tuesday, May 26th. Finally, Morgan Stanley downgraded Intuit from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $580.00 to $335.00 in a research report on Tuesday, July 21st. Nineteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $460.45.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit participated in a broader software-sector advance, which provided a near-term trading tailwind. The company’s latest reported quarter also showed resilient fundamentals, with revenue up 10.4% year over year and earnings modestly exceeding consensus estimates. Intuit, BILL, Workiva, Elastic, and Autodesk Stocks Trade Up
• Neutral Sentiment: Multiple law firms—including Rosen, Kessler Topaz Meltzer & Check, Faruqi & Faruqi, and Howard G. Smith—are soliciting investors who purchased INTU securities between August 22, 2025, and May 20, 2026 to seek lead-plaintiff status by September 8, 2026. These announcements largely repeat the same pending securities-fraud litigation rather than represent separate new cases. Howard G. Smith Deadline Alert Rosen Intuit Securities Class Action Notice
• Negative Sentiment: The underlying lawsuit alleges that Intuit and certain executives misrepresented TurboTax’s growth prospects, competitive advantages, AI-driven momentum, and pricing issues, contributing to a reported stock decline of more than 20% during the class period. The claims remain allegations, but the litigation creates legal, reputational, and potential financial risks. Intuit Pricing Issues Securities Fraud Class Action
• Negative Sentiment: Truist downgraded Intuit from Buy to Hold and reduced its price target from $410 to $350, citing a softening near-term growth outlook and a lack of immediate catalysts. The cautious call may limit upside until investors see clearer evidence of renewed growth. Intuit Cut to Hold at Truist

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.