OMERS ADMINISTRATION Corp Buys Shares of 17,363 Intuit Inc. $INTU

OMERS ADMINISTRATION Corp purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,363 shares of the software maker’s stock, valued at approximately $4,532,000.

A number of other hedge funds and other institutional investors have also modified their holdings of INTU. Joseph Group Capital Management purchased a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit in the 4th quarter worth approximately $25,000. MidFirst Bank acquired a new position in Intuit in the 2nd quarter valued at $28,000. HHM Wealth Advisors LLC raised its holdings in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Intuit during the 1st quarter worth $30,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the transaction, the director directly owned 11,758 shares in the company, valued at $3,084,358.56. This trade represents a 2.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock worth $348,354 in the last ninety days. Corporate insiders own 2.49% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and ahead of the roughly $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations near $3.58-$3.59 and increased from $2.75 a year earlier. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted GAAP EPS increased 20% to $16.46. Credit Karma revenue grew 16%, Global Business Solutions revenue rose 14%, and the company repurchased $5.5 billion of stock during the year. Intuit Q4 Revenue and Fiscal 2026 Results
• Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, adding shareholder-return support. Intuit Board Declares New Quarterly Cash Dividend

Intuit Stock Down 3.4%

Shares of NASDAQ INTU opened at $357.46 on Wednesday. The stock has a market capitalization of $97.78 billion, a PE ratio of 21.65, a P/E/G ratio of 1.16 and a beta of 0.97. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $302.38 and a 200-day moving average of $357.99. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $705.08.

Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company posted $2.75 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, analysts anticipate that Intuit Inc. will post 18.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INTU. Truist Financial restated a “hold” rating and set a $350.00 price objective (down from $410.00) on shares of Intuit in a report on Monday, August 3rd. UBS Group reiterated a “neutral” rating on shares of Intuit in a research note on Tuesday, August 18th. Piper Sandler reiterated an “underweight” rating and set a $250.00 target price on shares of Intuit in a research report on Wednesday, August 19th. Wells Fargo & Company decreased their price target on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Finally, HSBC lowered their price target on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $449.65.

Intuit 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.