New York State Teachers Retirement System Boosts Stock Holdings in Intuit Inc. $INTU

Key Points

• The New York State Teachers Retirement System increased its stake in Intuit Inc. by 0.2% in the second quarter, holding approximately 230,256 shares valued at $181.36 million.
• Intuit recently announced a quarterly dividend of $1.20 per share, an increase from the previous dividend of $1.04, representing an annualized payout of $4.80 and a yield of 0.7%.
• Intuit's Q1 2026 earnings guidance is set between $3.050–$3.120 EPS, with a reported $2.75 EPS for the last quarter, surpassing analyst estimates.

New York State Teachers Retirement System increased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,256 shares of the software maker's stock after acquiring an additional 407 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Intuit worth $181,357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Dogwood Wealth Management LLC increased its holdings in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after acquiring an additional 19 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new stake in Intuit in the 1st quarter worth $31,000. CBIZ Investment Advisory Services LLC increased its holdings in Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after acquiring an additional 47 shares in the last quarter. TD Capital Management LLC increased its holdings in Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in Intuit in the 1st quarter worth $37,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Activity

In other Intuit news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by insiders.

Intuit Trading Down 0.7%

Shares of INTU stock opened at $652.69 on Thursday. The company's 50-day moving average price is $679.57 and its 200-day moving average price is $694.05. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a market cap of $181.97 billion, a price-to-earnings ratio of 47.50, a PEG ratio of 2.54 and a beta of 1.25. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company's revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is presently 34.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INTU shares. Bank of America cut their price target on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Wall Street Zen raised shares of Intuit from a "hold" rating to a "buy" rating in a research note on Sunday. KeyCorp lowered their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 target price on shares of Intuit in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $791.82.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.