Global Retirement Partners LLC Makes New Investment in Intuit Inc. $INTU

Key Points

• Global Retirement Partners LLC acquired 4,416 Intuit shares worth approximately $1.15 million in the second quarter. Institutional investors collectively own 83.66% of Intuit, with several major funds also increasing or initiating positions.
• Intuit’s latest quarterly results exceeded expectations, with adjusted EPS of $12.80 and revenue of $8.56 billion, up 10.4% year over year. The company provided fiscal 2026 guidance and analysts expect approximately $18.18 in current-year EPS.
• Intuit shares opened at $335.60 after a 2.9% decline, while analysts broadly maintained a “Moderate Buy” consensus and an average price target of $454.65. However, several firms recently lowered their targets, reflecting increased caution around near-term growth, AI disruption and TurboTax performance.

Global Retirement Partners LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,416 shares of the software maker's stock, valued at approximately $1,153,000.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Intuit in the fourth quarter worth approximately $3,058,407,000. Bank of New York Mellon Corp acquired a new position in Intuit in the second quarter worth approximately $564,592,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock valued at $1,684,795,000 after buying an additional 1,972,719 shares in the last quarter. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the 1st quarter worth $785,564,000. Finally, Amundi grew its holdings in shares of Intuit by 44.9% in the 1st quarter. Amundi now owns 1,563,158 shares of the software maker's stock worth $675,878,000 after acquiring an additional 484,602 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling

In other Intuit news, Director Vasant M. Prabhu acquired 1,250 shares of Intuit stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares of the company's stock, valued at $386,812.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the 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 sale, the director directly owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 1,239 shares of company stock valued at $348,354. Corporate insiders own 2.49% of the company's stock.

Intuit Stock Down 2.9%

Shares of Intuit stock opened at $335.60 on Tuesday. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $721.54. 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 50 day moving average price of $292.88 and a two-hundred day moving average price of $363.19. The stock has a market capitalization of $91.80 billion, a P/E ratio of 20.33, a PEG ratio of 1.09 and a beta of 0.97.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 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 analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Equities analysts expect that Intuit Inc. will post 18.18 earnings per share for the current year.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s growth opportunity remains substantial: analysts highlighted a nearly $90 billion mid-market opportunity, with advanced QuickBooks and other products potentially offsetting pressure in the do-it-yourself tax business. INTU Targets a Massive Mid-Market Opportunity
• Positive Sentiment: Mizuho lowered its price target to $430 from $500 but maintained an “outperform” rating, implying meaningful upside from recent trading levels. The company also recently exceeded quarterly earnings and revenue expectations, with revenue up 10.4% year over year. Mizuho Intuit Price Target Update
• Neutral Sentiment: Investor attention is focused on Intuit’s upcoming August 25 earnings report, with market discussions centering on expected growth, TurboTax and QuickBooks performance, and whether artificial intelligence will strengthen or disrupt tax and accounting software.
• Negative Sentiment: Several law firms—including Faruqi & Faruqi, Kessler Topaz, Levi & Korsinsky, Schall Brown & Schwartz, and Rosen—issued notices promoting the pending securities-fraud lawsuit. Although these notices do not establish liability or quantify damages, their volume reinforces investor concerns about possible litigation costs, reputational damage, and scrutiny of TurboTax growth disclosures. Intuit Class Action Notice
• Negative Sentiment: The Mizuho target reduction signals that analysts have become more cautious about Intuit’s near-term outlook, even though the firm retained its bullish rating. Mizuho Intuit Price Target Update

Analyst Ratings Changes

Several analysts have issued reports on the company. HSBC cut their price objective on Intuit from $897.00 to $707.00 and set a "buy" rating on the stock in a report on Friday, May 22nd. Susquehanna cut their target price on shares of Intuit from $550.00 to $427.00 and set a "positive" rating on the stock in a research note on Monday, July 20th. Northcoast Research decreased their price target on shares of Intuit from $575.00 to $465.00 and set a "buy" rating for the company in a report on Thursday, May 21st. BNP Paribas Exane dropped their price objective on shares of Intuit from $463.00 to $315.00 and set a "neutral" rating on the stock in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada cut their target price on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, May 21st. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $454.65.

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.

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