New York State Common Retirement Fund Trims Holdings in Intuit Inc. $INTU

New York State Common Retirement Fund reduced its stake in Intuit Inc. (NASDAQ:INTU) by 5.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 318,231 shares of the software maker’s stock after selling 18,600 shares during the period. New York State Common Retirement Fund’s holdings in Intuit were worth $217,323,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC grew its stake in shares of Intuit by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after buying an additional 1,433 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Intuit during the 2nd quarter valued at about $1,733,000. Wilmington Savings Fund Society FSB grew its position in Intuit by 19.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock valued at $20,182,000 after acquiring an additional 4,913 shares in the last quarter. Liberty One Investment Management LLC increased its stake in Intuit by 31.8% during the third quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock worth $6,580,000 after purchasing an additional 2,326 shares during the period. Finally, denkapparat Operations GmbH purchased a new stake in Intuit during the second quarter worth about $830,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $538.70 on Thursday. The company has a market cap of $149.90 billion, a P/E ratio of 36.82, a PEG ratio of 2.23 and a beta of 1.25. The firm has a fifty day moving average price of $631.22 and a 200 day moving average price of $671.47. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12 month low of $520.69 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business earned $2.50 EPS. Intuit’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio is currently 32.81%.

Insider Activity at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This trade represents a 75.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the sale, the chief financial officer owned 536 shares in the company, valued at $337,390.56. This represents a 71.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 388,464 shares of company stock worth $255,514,393 in the last ninety days. Company insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of several recent research reports. Wolfe Research lowered their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Independent Research set a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research note on Thursday, January 22nd. Truist Financial assumed coverage on Intuit in a research report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price objective on the stock. Finally, Daiwa Capital Markets lifted their target price on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $791.73.

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.