Public Employees Retirement System of Ohio Cuts Position in Intuit Inc. $INTU

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Intuit Inc. by 1.3%, holding 114,941 shares valued at approximately $90.5 million as of the latest reporting period.
• Intuit announced a quarterly dividend of $1.20 per share, increasing from the previous $1.04, with a payout ratio of 34.93%.
• Analysts have lowered their price targets on Intuit's stock, with the consensus target now at $791.82, reflecting a "Moderate Buy" rating from market analysts.

Public Employees Retirement System of Ohio reduced its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,941 shares of the software maker's stock after selling 1,468 shares during the period. Public Employees Retirement System of Ohio's holdings in Intuit were worth $90,531,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Copia Wealth Management purchased a new stake in Intuit during the fourth quarter worth about $25,000. Heck Capital Advisors LLC purchased a new position in Intuit in the fourth quarter valued at about $28,000. Vista Cima Wealth Management LLC acquired a new stake in shares of Intuit during the 1st quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Intuit by 1,566.7% during 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. Finally, TD Capital Management LLC grew its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

Shares of INTU opened at $699.18 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The business's fifty day moving average price is $713.51 and its 200 day moving average price is $686.81. The stock has a market capitalization of $194.93 billion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 2.71 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a 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 34.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on INTU shares. JPMorgan Chase & Co. reduced their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Citigroup decreased their price objective on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. CLSA initiated coverage on Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price on the stock. Barclays lowered their price target on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Bank of America cut their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus target price of $791.82.

Insider Buying and Selling

In related news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,879 shares of company stock worth $7,558,613. Company insiders own 2.68% of the company's stock.

Intuit Profile

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.

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