Vestcor Inc Grows Position in Intuit Inc. $INTU

Key Points

• Vestcor Inc boosted its stake in Intuit by 104.8% in the 3rd quarter to 11,569 shares, valuing its position at about $7.90 million, while institutional investors own roughly 83.66% of the stock.
• Intuit reported stronger-than-expected results—$4.15 EPS vs. $3.68 expected and $4.65B revenue vs. $4.53B expected (revenue +17.4% y/y)—and set FY2026 EPS guidance of roughly 22.98–23.18.
• The company announced a quarterly dividend of $1.20 (annualized $4.80, ~1.0% yield), even as insiders have been net sellers — CEO Sasan K. Goodarzi sold 41,000 shares and insiders offloaded about 120,168 shares (~$79.9M) in the past 90 days.

Vestcor Inc lifted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 104.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,569 shares of the software maker's stock after purchasing an additional 5,919 shares during the quarter. Vestcor Inc's holdings in Intuit were worth $7,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its position in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker's stock valued at $25,000 after buying an additional 27 shares during the period. Sagard Holdings Management Inc. purchased a new stake in shares of Intuit in the 2nd quarter worth about $28,000. Total Investment Management Inc. purchased a new stake in shares of Intuit in the 2nd quarter worth about $33,000. Kilter Group LLC bought a new position in shares of Intuit in the 2nd quarter worth about $35,000. Finally, MTM Investment Management LLC increased its stake in shares of Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock worth $32,000 after acquiring an additional 27 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Down 1.6%

Intuit stock opened at $473.67 on Tuesday. The stock has a market cap of $130.99 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. Intuit Inc. has a one year low of $349.00 and a one year high of $813.70. The stock has a fifty day moving average of $499.40 and a 200 day moving average of $605.97.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $3.68 by $0.47. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.Intuit's revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, April 9th. Intuit's dividend payout ratio is 31.09%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Intuit from $850.00 to $600.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Daiwa Securities Group decreased their target price on shares of Intuit from $800.00 to $640.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. Northcoast Research upgraded shares of Intuit from a "neutral" rating to a "buy" rating and set a $575.00 target price for the company in a report on Friday. Scotiabank set a $575.00 price target on Intuit in a research report on Friday. Finally, Jefferies Financial Group set a $650.00 price target on Intuit in a research note on Sunday, February 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $642.32.

Insider Buying and Selling at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the business's stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the company's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the sale, the chief financial officer directly owned 536 shares of the company's stock, valued at approximately $337,390.56. This represents a 71.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 120,168 shares of company stock worth $79,899,156. 2.49% of the stock is owned by corporate insiders.

Intuit Company 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; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

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