New York State Teachers Retirement System Sells 1,851 Shares of Intuit Inc. $INTU

New York State Teachers Retirement System lowered its holdings in Intuit Inc. (NASDAQ:INTU) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 228,678 shares of the software maker’s stock after selling 1,851 shares during the quarter. New York State Teachers Retirement System’s holdings in Intuit were worth $151,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BetterWealth LLC raised its position in shares of Intuit by 3.8% in the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock valued at $281,000 after purchasing an additional 15 shares during the period. Sachetta LLC raised its position in shares of Intuit by 23.8% in the third quarter. Sachetta LLC now owns 78 shares of the software maker’s stock valued at $53,000 after purchasing an additional 15 shares during the period. PUREfi Wealth LLC raised its position in shares of Intuit by 4.5% in the third quarter. PUREfi Wealth LLC now owns 369 shares of the software maker’s stock valued at $252,000 after purchasing an additional 16 shares during the period. GW&K Investment Management LLC raised its position in shares of Intuit by 8.6% in the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock valued at $138,000 after purchasing an additional 16 shares during the period. Finally, Betterment LLC raised its position in shares of Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

INTU stock opened at $388.50 on Friday. Intuit Inc. has a one year low of $342.11 and a one year high of $813.70. The stock has a market cap of $107.44 billion, a PE ratio of 25.16, a P/E/G ratio of 1.59 and a beta of 1.21. The firm has a 50 day simple moving average of $414.84 and a two-hundred day simple moving average of $539.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the firm earned $3.32 EPS. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, analysts predict that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the subject of several recent analyst reports. Argus reduced their price objective on shares of Intuit from $780.00 to $580.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Northcoast Research raised shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective for the company in a research note on Friday, March 6th. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. BMO Capital Markets reduced their price objective on shares of Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $636.10.

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.