Illinois Municipal Retirement Fund Acquires 1,738 Shares of Intuit Inc. $INTU

Illinois Municipal Retirement Fund grew its stake in Intuit Inc. (NASDAQ:INTU) by 8.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,613 shares of the software maker’s stock after purchasing an additional 1,738 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Intuit were worth $9,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Joseph Group Capital Management bought a new position in shares of Intuit during the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit during the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit during the 3rd quarter worth approximately $33,000. Birchwood Financial Partners Inc. acquired a new stake in Intuit during the 4th quarter worth approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its stake in Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director owned 12,326 shares in the company, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price 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 SEC filing for this purchase provides additional information. Insiders sold 1,239 shares of company stock worth $348,354 over the last three months. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on INTU shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $275.00 target price (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. BMO Capital Markets dropped their price target on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Rothschild & Co Redburn cut their price target on Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Northcoast Research reduced their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Jefferies Financial Group decreased their price objective on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Twenty-two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $490.39.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Several law firms announced or promoted class-action lawsuits against Intuit over alleged securities-law violations during the period from Aug. 22, 2025 to May 20, 2026, with lead-plaintiff deadlines now approaching; this keeps legal overhang front and center for investors. Article Title
• Negative Sentiment: Analyst commentary referenced sharp reductions in sell-side price targets after Intuit cut TurboTax growth guidance, reinforcing concerns that near-term growth may be slowing and that expectations had been too high. Article Title
• Negative Sentiment: Additional investor alerts from multiple firms suggest more legal follow-through is likely, which can weigh on the stock as investors assess potential costs, distraction, and reputational damage. Article Title
• Neutral Sentiment: Some recent commentary remains constructive, with articles arguing Intuit still has strong cash generation and solid growth characteristics, which may help limit downside over time if execution stabilizes. Article Title
• Neutral Sentiment: Intuit also received a Zacks upgrade to Buy and broader bullish analyst coverage, but these positive views are being overshadowed in the near term by litigation risk and guidance concerns. Article Title

Intuit Price Performance

Shares of NASDAQ INTU opened at $294.79 on Friday. 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 business’s 50 day moving average price is $305.30 and its two-hundred day moving average price is $407.38. The company has a market cap of $80.64 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.00. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last released 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 analysts’ expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.During the same period last year, the firm posted $11.65 earnings per share. The business’s 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, analysts predict that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, July 9th. Intuit’s payout ratio is currently 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.