Intuit Inc. $INTU Stake Lowered by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its stake in Intuit Inc. (NASDAQ:INTU) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,503 shares of the software maker’s stock after selling 1,147 shares during the period. Kentucky Retirement Systems’ holdings in Intuit were worth $13,786,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in INTU. Tortoise Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 27 shares during the period. Westside Investment Management Inc. increased its holdings in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares during the period. Dogwood Wealth Management LLC lifted its position in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares during the last quarter. Sagard Holdings Management Inc. acquired a new position in Intuit during the 2nd quarter valued at about $28,000. Finally, True Wealth Design LLC grew its position in Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares in the company, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott D. Cook sold 74,095 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $655.78, for a total value of $48,590,019.10. Following the sale, the director owned 5,819,584 shares in the company, valued at approximately $3,816,366,795.52. The trade was a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 269,799 shares of company stock valued at $176,627,160 over the last three months. Insiders own 2.49% of the company’s stock.

Intuit Stock Down 0.8%

NASDAQ INTU opened at $670.92 on Friday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a market capitalization of $186.70 billion, a P/E ratio of 45.86, a PEG ratio of 2.75 and a beta of 1.27. The company’s 50 day simple moving average is $656.94 and its 200 day simple moving average is $704.92. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the firm posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s payout ratio is 32.81%.

Analysts Set New Price Targets

INTU has been the topic of several analyst reports. Morgan Stanley lowered their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Daiwa Capital Markets increased their target price on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. dropped their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. KeyCorp reduced their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Finally, Evercore ISI reiterated an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $798.20.

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.