Texas Permanent School Fund Corp Sells 10,339 Shares of Intuit Inc. $INTU

Texas Permanent School Fund Corp lessened its stake in Intuit Inc. (NASDAQ:INTU) by 30.6% during the second quarter, HoldingsChannel reports. The firm owned 23,497 shares of the software maker’s stock after selling 10,339 shares during the period. Texas Permanent School Fund Corp’s holdings in Intuit were worth $18,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of INTU. Vanguard Group Inc. raised its stake in shares of Intuit by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after buying an additional 377,657 shares during the period. State Street Corp increased its holdings in Intuit by 1.0% in the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock worth $10,022,059,000 after acquiring an additional 125,990 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after acquiring an additional 649,212 shares during the last quarter. Geode Capital Management LLC raised its stake in Intuit by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock valued at $5,042,107,000 after acquiring an additional 115,721 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after purchasing an additional 358,328 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTU. Wells Fargo & Company reduced their target price on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Wolfe Research cut their price objective on shares of Intuit from $900.00 to $870.00 in a report on Friday, November 21st. Citigroup lowered their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Morgan Stanley dropped their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, BMO Capital Markets reduced their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $798.20.

Intuit Price Performance

Shares of NASDAQ INTU opened at $670.92 on Monday. The stock’s 50-day simple moving average is $656.94 and its two-hundred day simple moving average is $704.58. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The firm has a market capitalization of $186.70 billion, a P/E ratio of 45.86, a P/E/G ratio of 2.75 and a beta of 1.27. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

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

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s payout ratio is currently 32.81%.

Insider Buying and Selling

In related news, Director Scott D. Cook sold 75,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $658.84, for a total value of $49,413,000.00. Following the transaction, the director owned 5,893,679 shares of the company’s stock, valued at $3,882,991,472.36. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at $8,893,486.20. The trade was a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 269,799 shares of company stock worth $176,627,160. Corporate insiders own 2.49% of the company’s stock.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.