Intuit Inc. $INTU Stake Lowered by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 783,054 shares of the software maker’s stock after selling 77,644 shares during the quarter. California Public Employees Retirement System’s holdings in Intuit were worth $534,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC boosted its position in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares during the period. Sagard Holdings Management Inc. acquired a new stake in Intuit in the second quarter worth $28,000. Total Investment Management Inc. bought a new stake in Intuit in the second quarter valued at $33,000. Kilter Group LLC bought a new stake in Intuit in the second quarter valued at $35,000. Finally, MTM Investment Management LLC boosted its holdings in shares of Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after acquiring an additional 27 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Multi‑year partnership with Anthropic to build AI financial agents strengthens Intuit’s AI product roadmap and long‑term revenue opportunity, supporting buy‑side interest. Read More.
• Positive Sentiment: Rothschild & Co Redburn upgraded Intuit, providing fresh analyst support that can anchor the stock amid recent weakness. Read More.
• Neutral Sentiment: Company announced a quarterly dividend (ex‑dividend April 9), a steady capital‑return sign but modest yield—likely a neutral to mild positive for income‑focused investors. Read More.
• Neutral Sentiment: Analyses and valuation pieces note a multi‑month share selloff and re‑rating debate—keeps the stock in focus but produces mixed signals for timing. Read More.
• Negative Sentiment: Management’s Q3 profit guidance came in below Wall Street estimates after the Feb. 26 earnings release; that guidance miss triggered a post‑earnings pullback and remains a key near‑term risk. Read More.
• Negative Sentiment: Director Richard L. Dalzell sold 333 shares (~$440 avg) recently, reducing his stake modestly; while small in size, insider sales can be read negatively in a down tape. Read More.

Analysts Set New Price Targets

Several equities analysts have recently commented on INTU shares. UBS Group lowered their price target on shares of Intuit from $725.00 to $440.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Evercore reissued an “outperform” rating and set a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Truist Financial assumed coverage on shares of Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price target on the stock. Finally, Daiwa Securities Group cut their price target on Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $634.26.

Insider Activity at Intuit

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the transaction, the director owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. This trade represents a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,501 shares of company stock worth $79,983,892 over the last ninety days. Insiders own 2.49% of the company’s stock.

Intuit Stock Performance

INTU stock opened at $439.96 on Friday. The company has a 50-day simple moving average of $482.31 and a 200 day simple moving average of $600.26. The company has a market capitalization of $121.67 billion, a P/E ratio of 28.49, a PEG ratio of 1.77 and a beta of 1.26. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. Intuit Inc. has a fifty-two week low of $349.00 and a fifty-two week high of $813.70.

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

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

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.