Strs Ohio Buys Shares of 83,095 Intuit Inc. $INTU

Key Points

• Strs Ohio has purchased a significant stake in Intuit Inc., acquiring 83,095 shares valued at approximately $51 million.
• Several analysts have recently adjusted their target prices on Intuit, with the consensus rating currently at “Moderate Buy” and a price target of $797.62.
• Intuit declared a increased quarterly dividend of $1.20 per share, up from the previous $1.04, with an ex-dividend date set for October 9th.

Strs Ohio bought a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 83,095 shares of the software maker's stock, valued at approximately $51,019,000.

A number of other institutional investors also recently modified their holdings of the stock. Peloton Wealth Strategists lifted its holdings in Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock valued at $2,710,000 after buying an additional 15 shares during the period. Decatur Capital Management Inc. lifted its holdings in Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after buying an additional 16 shares during the period. Financial Management Professionals Inc. lifted its holdings in Intuit by 18.4% in the first quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock valued at $71,000 after buying an additional 18 shares during the period. Chris Bulman Inc lifted its holdings in Intuit by 1.2% in the first quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock valued at $935,000 after buying an additional 18 shares during the period. Finally, Cascade Investment Group Inc. lifted its holdings in Intuit by 0.8% in the first quarter. Cascade Investment Group Inc. now owns 2,413 shares of the software maker's stock valued at $1,482,000 after buying an additional 18 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

INTU has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Oppenheimer upped their target price on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. The Goldman Sachs Group upped their target price on shares of Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Citigroup lowered their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, Stifel Nicolaus lowered their price objective on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Transactions at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the sale, the executive vice president owned 19 shares in the company, valued at $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Scott D. Cook sold 529 shares of the 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 transaction, the director directly owned 6,162,547 shares in the company, 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. Over the last quarter, insiders have sold 9,213 shares of company stock valued at $7,115,570. 2.68% of the stock is owned by company insiders.

Intuit Stock Performance

Shares of INTU stock opened at $656.26 on Thursday. The stock has a market cap of $182.97 billion, a P/E ratio of 47.76, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The company has a fifty day moving average price of $730.66 and a two-hundred day moving average price of $681.80. Intuit Inc. has a one year low of $532.65 and a one year 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 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion during 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 for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the company posted $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. As a group, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a $1.20 dividend. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio is 30.28%.

Intuit Company 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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