Annex Advisory Services 13F: New $16M Stake in Intuit (INTU)

Annex Advisory Services has opened a new position in Intuit Inc. (INTU) with a reported stake of 59,519 shares, valued at approximately $16.4 million, as disclosed in a filing on October 16, 2026. This represents a brand-new investment for the fund.

What Changed in Annex Advisory Services' Intuit Position

Annex Advisory Services took a new position in Intuit, acquiring 59,519 shares. This marks a significant step into Intuit's stock, which is currently valued at about $16.4 million.

Other Institutional Activity in Intuit

Several other institutional investors are involved with Intuit. Blackrock Inc. grew its holdings by 776,998 shares, ending with 26,252,335 shares valued at about $8.5 billion. State Street Corporation added 327,927 shares to its position, now holding 13,289,484 shares worth approximately $4.3 billion. Meanwhile, Vanguard Capital Management LLC reduced its stake by 121,133 shares, resulting in 17,958,464 shares valued at around $5.8 billion.

Intuit Inc. Stock Up 4.0%

Intuit stock is recently trading around $322.75, which is 53.2% lower than its 52-week high of $689.17. The shares are currently above the 52-week low of $252.84 by 27.6%, but below their 200-day moving average by 14.4%. This positioning suggests that the stock has not fully recovered from the highs it reached earlier in the year.

Recent Earnings

For the trailing twelve months, Intuit reported revenue of approximately $21.4 billion, reflecting a 13.7% year-over-year growth. The company has a net margin of 21.3% and a return on equity of 23.6%. The next earnings report is scheduled for November 19, 2026.

Insider Buying and Selling at Intuit Inc.

Recent insider activity included Richard Dalzell selling 284 shares on June 16, 2026, at an average price of $282.20, totaling about $80,144. Officer Lauren Dale Hotz sold 906 shares on August 27, 2026, valued at approximately $314,288, and Director Richard L. Dalzell sold 285 shares on September 8, 2026, for about $92,728.

Analysts Set New Price Targets

On September 18, 2026, Evercore ISI Group and Mizuho both reiterated their 'Outperform' ratings for Intuit, maintaining price targets of $400.00 and $430.00, respectively. Stifel and Truist Securities reiterated 'Hold' ratings with targets set at $300.00. The consensus recommendation for Intuit from analysts is 'buy', with a mean target price of $406.92 based on 31 opinions.

About Intuit Inc.

Intuit Inc. provides financial management software and services, focusing on products that help individuals and businesses manage their finances. The company operates mainly through two segments: Global Business Solutions and Consumer. This new investment by Annex Advisory Services highlights growing interest in companies like Intuit that offer essential financial solutions.

Bottom Line

Investors should note that 13F filings reflect the positions as of the end of the reporting quarter and may not represent the current holdings of Annex Advisory Services. Keep an eye on the upcoming earnings report set for November 19, 2026, for further insights into Intuit's financial performance.