Employees Retirement System of Texas Has $7.86 Million Stake in Intuit Inc. $INTU

Employees Retirement System of Texas lifted its position in Intuit Inc. (NASDAQ:INTU) by 60.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,869 shares of the software maker’s stock after acquiring an additional 4,480 shares during the period. Employees Retirement System of Texas’ holdings in Intuit were worth $7,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Expressive Wealth LLC acquired a new position in Intuit during the fourth quarter worth $607,000. Flputnam Investment Management Co. raised its stake in Intuit by 135.3% during the fourth quarter. Flputnam Investment Management Co. now owns 13,953 shares of the software maker’s stock worth $9,243,000 after acquiring an additional 8,022 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in Intuit by 7.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,690 shares of the software maker’s stock worth $1,120,000 after acquiring an additional 119 shares in the last quarter. Kestra Investment Management LLC raised its stake in Intuit by 11.6% during the fourth quarter. Kestra Investment Management LLC now owns 3,561 shares of the software maker’s stock worth $2,359,000 after acquiring an additional 371 shares in the last quarter. Finally, Cary Street Partners Financial LLC raised its stake in Intuit by 11.5% during the fourth quarter. Cary Street Partners Financial LLC now owns 20,412 shares of the software maker’s stock worth $13,521,000 after acquiring an additional 2,111 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Price Performance

Intuit stock opened at $304.35 on Wednesday. The business’s 50-day simple moving average is $398.54 and its 200 day simple moving average is $504.48. The stock has a market cap of $83.25 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.24 and a beta of 1.04. Intuit Inc. has a 12-month low of $302.36 and a 12-month high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $11.65 earnings per share. 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, research analysts anticipate that Intuit Inc. will post 17.49 earnings per share for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.6%. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Insider Activity

In other news, Director Vasant M. Prabhu purchased 1,250 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

INTU has been the subject of several recent analyst reports. Argus dropped their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. KeyCorp decreased their target price on Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. BMO Capital Markets decreased their target price on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Weiss Ratings cut Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, TD Cowen decreased their target price on Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Twenty-four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $543.06.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Director Vasant M. Prabhu bought 1,750 shares total in two recent transactions at about $309-$310 per share, a sign of insider confidence after the stock’s sharp decline. SEC Form 4 filing
• Positive Sentiment: Multiple analyst-focused pieces argued that INTU remains a long-term value or growth idea, highlighting strong TurboTax demand, TurboTax Live growth, and continued AI-driven product expansion. Zacks article
• Positive Sentiment: TipRanks noted that one analyst still sees substantial upside despite the recent selloff, reinforcing the view that the market may be overly pessimistic on Intuit’s fundamentals. TipRanks article
• Neutral Sentiment: Recent coverage also framed Intuit as a “top value stock” and one of the week’s analyst favorites, which may help sentiment but does not add new company-specific catalysts. Zacks article
• Negative Sentiment: Investor concern appears to be centered on Intuit’s recent pricing issues and a reported 20% stock drop, which triggered shareholder and securities-fraud investigations. PR Newswire investigation notice
• Negative Sentiment: Intuit also filed a notice for mass layoffs in California and Nevada, reinforcing the view that the company is restructuring aggressively while it pivots harder toward AI. AOL article

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.