Intuit Inc. $INTU Holdings Lowered by California State Teachers Retirement System

California State Teachers Retirement System lowered its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 415,105 shares of the software maker's stock after selling 8,008 shares during the quarter. California State Teachers Retirement System owned 0.16% of Intuit worth $108,342,405 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fiduciary Financial Advisors acquired a new stake in shares of Intuit in the second quarter valued at about $25,000. Sankala Group LLC bought a new stake in Intuit during the fourth quarter valued at about $40,000. Whipplewood Advisors LLC bought a new position in Intuit in the 1st quarter worth about $30,000. HHM Wealth Advisors LLC lifted its position in Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock valued at $30,000 after purchasing an additional 30 shares during the period. Finally, CrossGen Wealth LLC purchased a new position in Intuit in the first quarter worth approximately $32,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Down 1.0%

Shares of Intuit stock traded down $3.33 during trading on Tuesday, hitting $335.82. The stock had a trading volume of 1,556,477 shares, compared to its average volume of 4,309,738. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $89.75 billion, a PE ratio of 20.33, a P/E/G ratio of 0.92 and a beta of 0.98. The stock has a 50 day simple moving average of $322.27 and a 200 day simple moving average of $351.88. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.Intuit's revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, research analysts expect that Intuit Inc. will post 23.49 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be given a dividend of $1.38 per share. This is an increase from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, October 8th. Intuit's dividend payout ratio is presently 29.09%.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Software-sector rotation supports INTU: Investors have been shifting capital from semiconductor and AI-hardware stocks into enterprise software, as debate grows over the pace and profitability of AI infrastructure spending. Intuit has benefited from renewed attention to its AI strategy and recurring-revenue profile. Software stocks surge as AI debate pressures chip stocks
• Positive Sentiment: Strong quarterly results and higher dividend: Intuit recently exceeded earnings and revenue expectations, reporting $4.03 in EPS versus a $3.58 consensus estimate and $4.35 billion in revenue versus $4.27 billion expected. The latest dividend increase adds to the shareholder-return appeal. Intuit earnings beat and dividend increase
• Positive Sentiment: Payments remain a growth opportunity: Intuit is expanding QuickBooks monetization through payments, Bill Pay and lending. Its online money portfolio grew 31%, suggesting additional revenue opportunities beyond core accounting software. Intuit payments growth analysis
• Neutral Sentiment: Valuation debate continues: One analysis argues Intuit could be approximately 39% below fair value after the software rotation, but that estimate is valuation-sensitive and does not eliminate concerns about the stock’s weak year-to-date performance. Intuit fair value analysis
• Negative Sentiment: AI-related uncertainty and elevated expectations: Investors remain divided over whether generative AI will strengthen Intuit’s products and pricing power or increase competitive pressure and disrupt established software platforms. This uncertainty can limit upside despite solid operating results.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BNP Paribas Exane decreased their price target on shares of Intuit from $463.00 to $315.00 and set a "neutral" rating on the stock in a report on Thursday, May 21st. Evercore reaffirmed an "outperform" rating on shares of Intuit in a research report on Tuesday, August 18th. Citigroup reduced their target price on Intuit from $591.00 to $457.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Barclays lowered their price target on shares of Intuit from $443.00 to $408.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. downgraded shares of Intuit from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $605.00 to $331.00 in a research note on Wednesday, August 26th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Intuit has a consensus rating of "Hold" and an average target price of $430.97.

Insider Activity

In other Intuit news, Director Richard Dalzell sold 285 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director directly owned 11,531 shares of the company's stock, valued at $3,751,726.16. This trade represents a 2.41% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at $564,167.12. This trade represents a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,476 shares of company stock worth $481,538 in the last 90 days. Company insiders own 2.49% of the company's stock.

Intuit Profile

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.

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