Intuit Inc. $INTU Stock Holdings Lifted by Retirement Systems of Alabama

Key Points

• Retirement Systems of Alabama increased its Intuit stake by 326.6% in the third quarter, ending with 247,820 shares worth about $68.3 million. Institutional investors and hedge funds own 83.66% of the company.
• Intuit reported quarterly earnings of $4.03 per share, beating estimates of $3.58, while revenue of $4.35 billion also topped expectations and rose 13.7% year over year. The company provided fiscal 2027 EPS guidance of $22.88–$23.12.
• Intuit raised its quarterly dividend to $1.38 from $1.20, equivalent to an annualized yield of 1.6%. Analysts’ average rating is “Hold,” with an average price target of $431.68.

Retirement Systems of Alabama lifted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 326.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,820 shares of the software maker's stock after buying an additional 189,722 shares during the period. Retirement Systems of Alabama owned approximately 0.09% of Intuit worth $68,326,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Intuit during the second quarter worth $6,851,859,000. Arrowstreet Capital Limited Partnership grew its holdings in Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock valued at $1,684,795,000 after purchasing an additional 1,972,719 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Intuit by 6.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker's stock valued at $870,260,000 after purchasing an additional 215,814 shares in the last quarter. Unisphere Establishment grew its holdings in Intuit by 6.5% during the 1st quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker's stock valued at $782,608,000 after purchasing an additional 110,000 shares in the last quarter. Finally, Amundi increased its stake in Intuit by 44.9% during the 1st quarter. Amundi now owns 1,563,158 shares of the software maker's stock worth $675,878,000 after buying an additional 484,602 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Price Performance

INTU opened at $338.23 on Tuesday. The company has a 50-day moving average of $318.21 and a 200-day moving average of $356.20. The company has a market capitalization of $90.39 billion, a P/E ratio of 20.50, a PEG ratio of 1.18 and a beta of 0.91. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $682.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company's quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities analysts expect that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were issued a $1.38 dividend. This is a positive change from Intuit's previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. Intuit's dividend payout ratio (DPR) is presently 33.45%.

Insider Activity at Intuit

In related news, CAO Lauren Hotz sold 907 shares of the company'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 sale, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Dalzell sold 285 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director owned 11,531 shares in the company, valued at $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.49% of the company's stock.

Analysts Set New Price Targets

INTU has been the topic of a number of recent analyst reports. Barclays cut their price objective on shares of Intuit from $443.00 to $408.00 and set an "overweight" rating on the stock in a report on Wednesday, August 26th. Royal Bank Of Canada restated an "outperform" rating and set a $385.00 target price on shares of Intuit in a research note on Friday, October 2nd. Weiss Ratings upgraded Intuit from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, October 28th. Bank of America lowered Intuit from a "buy" rating to a "neutral" rating and set a $360.00 target price on the stock. in a research report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Intuit from $530.00 to $425.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $431.68.

Intuit Company Profile

Intuit Inc develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities.

Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.

Founded in 1983 by Scott Cook and Tom Proulx, Intuit is headquartered in Mountain View, California.

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