Intuit Inc. $INTU Shares Sold by Arizona State Retirement System

Key Points

• Arizona State Retirement System reduced its stake in Intuit by 3.4% in Q4, selling 2,733 shares and leaving 78,730 shares valued at roughly $52.15 million.
• Intuit beat quarterly expectations with $4.15 EPS (vs. $3.68 est.) and $4.65 billion revenue (vs. $4.53B est.), and set Q3 2026 guidance of 12.450–12.510 EPS and FY 2026 guidance of 22.980–23.180 EPS.
• Institutional flows are mixed—large increases from firms like AllianceBernstein, Vanguard and MFS and new sizable stakes were reported, institutional ownership is about 83.66%, and analysts maintain a consensus "Moderate Buy" with an average price target of $636.10 despite some recent cuts.

Arizona State Retirement System reduced its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,730 shares of the software maker's stock after selling 2,733 shares during the quarter. Arizona State Retirement System's holdings in Intuit were worth $52,152,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Alliancebernstein L.P. boosted its holdings in Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker's stock worth $1,365,640,000 after acquiring an additional 1,295,199 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the 1st quarter valued at approximately $785,564,000. Vanguard Group Inc. raised its holdings in shares of Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker's stock worth $19,546,243,000 after buying an additional 914,024 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Intuit by 520.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 558,499 shares of the software maker's stock worth $381,405,000 after buying an additional 468,547 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Intuit during the third quarter worth $267,018,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Street support remains: multiple recent analyst buy/outperform ratings and a median price target near $600 support medium‑term upside, which can limit deeper selloffs. Intuit shares slide as investors weigh AI-driven disruption risks and tax-season exposure
• Positive Sentiment: AI opportunity narrative: Intuit appears on lists of AI-themed names that could capture outsized long‑term growth, a tailwind if management converts AI into durable revenue/price power. 15 AI Stocks That Could Break the Trillion Dollar Barrier
• Neutral Sentiment: Increased investor attention: screening and search activity around INTU rose, which can amplify intra‑day moves but doesn’t by itself change fundamentals. Intuit Inc. (INTU) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Broader AI/tech coverage & content about trustworthy AI may shape sentiment over time but is not an immediate catalyst. Building AI You Can Trust With Your Money
• Negative Sentiment: Market reports note a sharp intraday drop for INTU, reflecting investor selling and headline‑driven flow. This spillover pressure is being reported across multiple outlets. Intuit (INTU) Suffers a Larger Drop Than the General Market: Key Insights
• Negative Sentiment: Analysts and traders point to two key risks pressuring sentiment: 1) AI‑driven pricing/competitive risk that could compress traditional software economics, and 2) seasonality from the tax business that creates post‑filing volatility. These narrative risks are cited as main drivers of today’s selloff. Intuit shares slide as investors weigh AI-driven disruption risks and tax-season exposure
• Negative Sentiment: Insider and institutional flows noted in reporting (large institutional reductions and multiple insider sales) increase perceived supply risk and may amplify downward moves. Intuit shares slide as investors weigh AI-driven disruption risks and tax-season exposure

Analyst Upgrades and Downgrades

Several research firms recently issued reports on INTU. TD Cowen reissued a "buy" rating on shares of Intuit in a research report on Monday, March 16th. Citigroup dropped their price target on Intuit from $803.00 to $649.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Weiss Ratings lowered Intuit from a "buy (b-)" rating to a "hold (c)" rating in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Intuit from $850.00 to $600.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Finally, KeyCorp dropped their target price on Intuit from $750.00 to $520.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $636.10.

Intuit Stock Performance

INTU opened at $383.30 on Friday. The firm's fifty day simple moving average is $414.43 and its two-hundred day simple moving average is $548.37. Intuit Inc. has a 52-week low of $342.11 and a 52-week high of $813.70. The company has a market cap of $106.00 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.64 and a beta of 1.21. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping analysts' consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business had revenue of $4.65 billion during the quarter, compared to analysts' expectations of $4.53 billion. During the same quarter in the previous year, the company earned $3.32 earnings per share. The company's quarterly revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities analysts anticipate that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, April 9th. Intuit's payout ratio is presently 31.09%.

Insider Buying and Selling

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

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.

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