Intuit Inc. $INTU Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 2.6% during the first quarter, Holdings Channel.com reports. The firm owned 111,266 shares of the software maker’s stock after selling 2,994 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Intuit were worth $48,109,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of INTU. Joseph Group Capital Management bought a new stake in shares of Intuit during the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Intuit in the fourth quarter valued at approximately $25,000. HHM Wealth Advisors LLC boosted its holdings in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Intuit during the first quarter valued at approximately $30,000. Finally, CrossGen Wealth LLC acquired a new position in shares of Intuit during the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity

In other news, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $309.71 per share, with a total value of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares of the company’s stock, valued at $541,992.50. This represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the transaction, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,239 shares of company stock worth $348,354. Corporate insiders own 2.49% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $281.53 on Friday. Intuit Inc. has a one year low of $252.84 and a one year high of $813.70. The stock has a fifty day moving average of $295.57 and a 200-day moving average of $394.30. The company has a market capitalization of $77.01 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.04 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU) last issued its 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 for 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%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm 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 analysts anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut their target price on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Royal Bank Of Canada cut their price objective on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Morgan Stanley cut Intuit from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $580.00 to $335.00 in a research note on Tuesday. Daiwa Securities Group dropped their price target on shares of Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Finally, Truist Financial cut their price target on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Twenty-one investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $468.84.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched a new QuickBooks-linked small business credit card with Mastercard, which could deepen engagement with its platform and create a new financial-services growth avenue. Intuit Launches Business Credit Card That Brings Spend Management, Rewards, and Insights Together in QuickBooks
• Positive Sentiment: Intuit highlighted its AI and telesurgery-style collaboration vision at the Society of Robotic Surgery conference for its broader technology platform, showcasing long-term innovation, though this is not directly tied to INTU’s core business and appears to be unrelated content in the feed.
• Neutral Sentiment: Multiple law firms urged affected shareholders to contact them before the September lead-plaintiff deadline in the pending securities class action. These reminders are procedural, but they keep the allegations in the spotlight. INTU Investors Have Opportunity to Lead Intuit Inc. Securities Fraud Lawsuit
• Neutral Sentiment: Intuit’s recent earnings beat and revenue growth remain supportive in the background, but today’s trading appears to be driven more by litigation headlines and analyst sentiment than by operating results.
• Negative Sentiment: A class action was filed alleging Intuit overstated the health of its tax-related business and TurboTax growth prospects, raising concerns about disclosure risk and potential legal costs. Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Fraud Class Action Lawsuit Against Intuit Inc.
• Negative Sentiment: Market commentary about generative AI disruption fears and a reported analyst downgrade added to investor caution around Intuit’s growth outlook and valuation. Generative AI Disruption Fears Hurt Intuit (INTU)

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.