Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Makes New Investment in Intuit Inc. $INTU

Key Points

• Retail Employees Superannuation Trust initiated a new stake in Intuit during the fourth quarter, buying 21,759 shares valued at about $14.4 million. The position makes Intuit its 9th largest holding, accounting for roughly 3.9% of the fund’s portfolio.
• Intuit reported better-than-expected quarterly results, with EPS of $12.80 versus estimates of $12.57 and revenue of $8.56 billion, up 10.4% year over year. The company also issued guidance for Q4 2026 and FY 2026 that points to continued earnings growth.
• Insider and analyst activity is mixed but still broadly supportive: director Vasant Prabhu bought shares, while another director sold a small amount. Meanwhile, analysts have trimmed price targets after the stock’s decline, but the consensus rating remains Moderate Buy with an average target of $525.65.

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 21,759 shares of the software maker's stock, valued at approximately $14,414,000. Intuit comprises about 3.9% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's holdings, making the stock its 9th biggest position.

A number of other hedge funds have also bought and sold shares of the business. Texas Capital Bank Wealth Management Services Inc raised its position in Intuit by 3.1% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 13,798 shares of the software maker's stock worth $9,140,000 after buying an additional 413 shares during the last quarter. Geode Capital Management LLC raised its position in Intuit by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker's stock worth $4,369,488,000 after buying an additional 87,451 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Intuit by 5.1% during the 4th quarter. Fidelis Capital Partners LLC now owns 2,068 shares of the software maker's stock valued at $1,370,000 after purchasing an additional 100 shares during the period. King Luther Capital Management Corp grew its stake in shares of Intuit by 11.1% during the 4th quarter. King Luther Capital Management Corp now owns 73,594 shares of the software maker's stock valued at $48,750,000 after purchasing an additional 7,362 shares during the period. Finally, Employees Retirement System of Texas grew its stake in shares of Intuit by 60.6% during the 4th quarter. Employees Retirement System of Texas now owns 11,869 shares of the software maker's stock valued at $7,862,000 after purchasing an additional 4,480 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Buying and Selling

In related news, Director Vasant M. Prabhu acquired 1,250 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the purchase, the director owned 1,250 shares in the company, valued at $386,812.50. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director owned 13,253 shares of the company's stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.49% of the company's stock.

Intuit Trading Up 1.1%

Shares of NASDAQ:INTU opened at $307.73 on Thursday. The stock has a 50 day moving average of $395.64 and a 200 day moving average of $502.04. The company has a market cap of $84.18 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.18 and a beta of 1.04. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 12-month low of $300.50 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm's revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities research analysts expect that Intuit Inc. will post 17.49 EPS for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Intuit's payout ratio is 29.07%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Intuit from $750.00 to $605.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. Erste Group Bank upgraded Intuit to a "hold" rating in a research note on Monday, April 27th. Susquehanna cut their price target on Intuit from $640.00 to $550.00 and set a "positive" rating for the company in a research note on Friday, May 22nd. The Goldman Sachs Group cut their price target on Intuit from $720.00 to $519.00 and set a "neutral" rating for the company in a research note on Friday, February 27th. Finally, BMO Capital Markets cut their price target on Intuit from $550.00 to $412.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Twenty-four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Intuit has an average rating of "Moderate Buy" and a consensus target price of $525.65.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America restarted coverage on Intuit with a Buy rating and $400 target, citing AI tailwinds, strong margins, and durable competitive positioning. Article: Intuit seen benefitting from AI tailwinds, says Bank of America
• Positive Sentiment: Director Vasant Prabhu bought additional INTU shares, a potentially bullish insider signal after the stock’s steep decline. Article: SEC Form 4 filing
• Positive Sentiment: Analyst commentary continues to describe Intuit as a long-term value/growth opportunity, pointing to TurboTax strength, TurboTax Live momentum, and AI-driven product expansion. Article: TurboTax's Strong FY26 Run
• Neutral Sentiment: Several firms lowered price targets after the recent pullback, but most still kept bullish ratings, suggesting the selloff may be more about valuation and short-term concerns than a collapse in fundamentals. Article: Daiwa Securities adjusts price target
• Negative Sentiment: Intuit is facing investor scrutiny over alleged pricing issues, with multiple law firms launching investigations that could add headline risk and pressure sentiment. Article: Intuit pricing issues investigation
• Negative Sentiment: The company’s mass-layoff notice in California and Nevada underscores a significant restructuring, which may worry investors even as management pursues an AI-focused turnaround. Article: Intuit files notice for mass layoffs

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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