Intuit Inc. $INTU Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC raised its holdings in Intuit Inc. (NASDAQ:INTU) by 169.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,483 shares of the software maker’s stock after acquiring an additional 4,074 shares during the quarter. Global Retirement Partners LLC’s holdings in Intuit were worth $4,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTU. Alliancebernstein L.P. lifted its holdings in Intuit by 183.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after acquiring an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit during the first quarter valued at about $785,564,000. Vanguard Group Inc. lifted its stake in Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after buying an additional 914,024 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Intuit by 74.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,145 shares of the software maker’s stock valued at $646,618,000 after buying an additional 417,646 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Intuit during the third quarter valued at about $267,018,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported stronger-than-expected Q3 results, with EPS of $12.80 topping estimates and revenue of $8.56 billion slightly ahead of forecasts, while management raised fiscal 2026 guidance. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
• Positive Sentiment: The board approved a new $8 billion share repurchase program and Intuit also announced a higher quarterly dividend, which supports shareholder returns. Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth
• Neutral Sentiment: Intuit is paying a quarterly dividend of $1.20 per share, with an annualized yield of about 1.6%, reinforcing its capital-return profile. Intuit stock and dividend information
• Negative Sentiment: Investors are punishing the stock for Intuit’s decision to cut roughly 17% of its workforce, which raises restructuring charges of $300 million to $340 million and signals a major organizational reset. Exclusive: Intuit to cut 17% of global jobs to streamline operations, memo shows
• Negative Sentiment: Management also trimmed the long-term TurboTax outlook, and weaker TurboTax trends plus the AI restructuring have led analysts to cut price targets, adding to the selloff. Intuit Stock Cracks After Layoffs, TurboTax Warning

Intuit Price Performance

NASDAQ INTU opened at $307.07 on Friday. The company has a 50 day simple moving average of $405.96 and a 200-day simple moving average of $511.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $84.92 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. Intuit Inc. has a 52-week low of $302.36 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.59%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities research analysts predict that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is 31.09%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group reduced their price objective on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company reduced their price objective on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a research note on Thursday. Truist Financial reduced their price objective on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a research note on Thursday. The Goldman Sachs Group reduced their price objective on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Finally, Stifel Nicolaus reduced their price objective on shares of Intuit from $500.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $561.13.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the 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 completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.49% of the stock is owned by company insiders.

About Intuit

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.