Railway Pension Investments Ltd Purchases 76,760 Shares of Intuit Inc. $INTU

Railway Pension Investments Ltd grew its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 149.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,000 shares of the software maker's stock after acquiring an additional 76,760 shares during the quarter. Railway Pension Investments Ltd's holdings in Intuit were worth $33,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. XXEC Inc. purchased a new position in shares of Intuit in the 2nd quarter worth $436,740,000. BlackRock Inc. purchased a new stake in Intuit during the second quarter valued at approximately $6,851,859,000. Corient Private Wealth LP bought a new stake in shares of Intuit in the 2nd quarter valued at approximately $40,545,000. Norges Bank bought a new position in shares of Intuit during the 4th quarter valued at approximately $3,058,407,000. Finally, Bank of America Corp DE bought a new stake in Intuit in the second quarter worth $589,841,000. 83.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Northcoast Research cut their price target on shares of Intuit from $575.00 to $465.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. TD Cowen reissued a "buy" rating on shares of Intuit in a research note on Tuesday, August 18th. Citigroup cut their price objective on Intuit from $591.00 to $457.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Rothschild & Co Redburn lowered their target price on shares of Intuit from $700.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group decreased their price objective on shares of Intuit from $550.00 to $500.00 and set a "buy" rating for the company in a report on Sunday, August 23rd. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $434.68.

Insiders Place Their Bets

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director owned 11,758 shares of the company's stock, valued at $3,084,358.56. This trade represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,146 shares of company stock valued at $662,666. 2.49% of the stock is owned by company insiders.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a partnership with Perplexity to integrate QuickBooks and Mailchimp into Perplexity Computer, an agentic AI assistant. The collaboration could improve product discovery, deliver personalized financial insights and expand Intuit’s AI distribution. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Coverage comparing Intuit with PayPal highlighted Intuit’s broad financial-software ecosystem and AI strategy as potential long-term growth drivers. The company’s profitability and market position remain attractive to growth investors. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Positive Sentiment: Intuit’s new AI-powered mid-market financial-management tools could strengthen QuickBooks’ value proposition and support additional monetization opportunities. Intuit unveils AI-powered innovations for mid-market financial management
• Neutral Sentiment: Analysts remain cautiously bullish, but Intuit has substantially underperformed the Nasdaq over the past year and is trading near its 52-week low, reflecting continued concerns about growth expectations. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class-action lawsuit and a September 8 lead-plaintiff deadline for investors who purchased INTU shares between February 25, 2025, and June 1, 2026. The notices allege investor losses tied to disclosures about TurboTax growth; they add reputational and potential legal-risk concerns, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares for approximately $314,000, representing more than one-third of the executive’s direct holdings. Insider selling during a period of share-price weakness may weigh on sentiment, even though one transaction does not establish a broader trend. Intuit Executive Sells Shares

Intuit Stock Up 0.3%

NASDAQ:INTU opened at $359.30 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08. The company has a 50-day moving average of $309.39 and a 200 day moving average of $355.69. The firm has a market cap of $98.28 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97.

Intuit (NASDAQ:INTU - Get Free Report) last posted its 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. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the firm posted $2.75 EPS. The company's revenue for the quarter was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, research analysts anticipate that Intuit Inc. will post 23.07 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued 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 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, October 8th. Intuit's dividend payout ratio (DPR) is currently 29.09%.

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.

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