Texas Permanent School Fund Corp Has $18.51 Million Position in Intuit Inc. $INTU

Texas Permanent School Fund Corp trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 30.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,497 shares of the software maker’s stock after selling 10,339 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Intuit were worth $18,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in Intuit in the second quarter worth approximately $3,268,830,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit during the 1st quarter worth approximately $785,564,000. Winslow Capital Management LLC bought a new stake in shares of Intuit in the 2nd quarter valued at $782,677,000. Price T Rowe Associates Inc. MD lifted its position in shares of Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after acquiring an additional 649,212 shares during the period. Finally, Invesco Ltd. boosted its stake in Intuit by 13.2% during the second quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock worth $2,745,492,000 after acquiring an additional 407,078 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INTU. Morgan Stanley decreased their price target on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. Rothschild & Co Redburn upped their price target on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Wolfe Research reduced their price objective on Intuit from $900.00 to $870.00 in a research note on Friday, November 21st. Finally, Zacks Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $798.20.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the transaction, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 269,799 shares of company stock valued at $176,627,160 over the last ninety days. Corporate insiders own 2.49% of the company’s stock.

Intuit Stock Performance

Shares of INTU opened at $670.92 on Monday. The firm has a market capitalization of $186.70 billion, a P/E ratio of 45.86, a P/E/G ratio of 2.75 and a beta of 1.27. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The stock has a 50 day moving average price of $656.94 and a two-hundred day moving average price of $704.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39.

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

Intuit Announces Dividend

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

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.