Hara Capital LLC Acquires New Position in Intuit Inc. $INTU

Hara Capital LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,530 shares of the software maker’s stock, valued at approximately $399,000.

A number of other institutional investors have also recently bought and sold shares of INTU. BlackRock Inc. acquired a new position in shares of Intuit in the 2nd quarter valued at $6,851,859,000. Norges Bank acquired a new stake in shares of Intuit during the fourth quarter worth $3,058,407,000. Bank of New York Mellon Corp acquired a new stake in shares of Intuit during the second quarter worth $564,592,000. Arrowstreet Capital Limited Partnership increased its holdings in 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 purchasing an additional 1,972,719 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in Intuit in the second quarter valued at about $426,641,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INTU. The Goldman Sachs Group cut Intuit from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $519.00 to $276.00 in a report on Tuesday, June 2nd. Rothschild & Co Redburn lowered their price target on Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. BNP Paribas Exane cut their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Stifel Nicolaus reissued a “hold” rating and set a $275.00 price objective (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Finally, HSBC reduced their price objective on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Twenty investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $451.26.

Intuit Stock Performance

INTU stock opened at $361.87 on Friday. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08. 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 market cap of $98.99 billion, a PE ratio of 21.92, a P/E/G ratio of 1.15 and a beta of 0.97. The business’s 50-day moving average price is $297.28 and its two-hundred day moving average price is $359.91.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $11.65 earnings per share. As a group, research analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current year.

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu bought 500 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred 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 transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock valued at $348,354 over the last quarter. 2.49% of the stock is owned by insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts are focused on continued momentum in TurboTax Live, Credit Karma and QuickBooks heading into the July 2026 quarter. Strong customer growth, bookings and revenue trends in these businesses could support an earnings beat. Can Intuit’s Key Growth Engines Power Strong Q4 Results?
• Positive Sentiment: Bank of America maintained a Buy rating and its $400 price target, citing Intuit’s durable growth drivers and attractive valuation. Other previews suggest compressed valuation, previously raised guidance and positive expectations could create room for an upside surprise. Intuit: Resilient Growth Drivers and Attractive Valuation Support Buy Rating
• Neutral Sentiment: Wall Street projections for revenue, earnings and key operating metrics will be important because investors are weighing growth against elevated expectations. The company’s actual results and forward guidance may determine whether the pre-earnings optimism holds. Insights Into Intuit Q4: Wall Street Projections for Key Metrics
• Negative Sentiment: Several law firms publicized a securities class action alleging that Intuit and certain executives misled investors about the sustainability of TurboTax growth and failed to disclose competitive and pricing pressures. The allegations have not been proven, but the repeated announcements increase headline and potential litigation risk; September 8 is cited as the lead-plaintiff deadline. Pomerantz Announces Class Action Against Intuit
• Negative Sentiment: Piper Sandler reaffirmed an Underweight rating and assigned a $250 price target, implying substantial downside from recent trading levels. This contrasts with more optimistic analyst views and underscores uncertainty surrounding Intuit’s tax business and valuation. Piper Sandler Intuit Rating

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.