Police & Firemen s Retirement System of New Jersey Purchases 1,733 Shares of Intuit Inc. $INTU

Police & Firemen s Retirement System of New Jersey lifted its position in Intuit Inc. (NASDAQ:INTU) by 4.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 41,468 shares of the software maker’s stock after acquiring an additional 1,733 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Intuit were worth $32,661,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its stake in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares during the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after buying an additional 19 shares during the period. True Wealth Design LLC lifted its stake in shares of Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new position in Intuit during the 1st quarter valued at $31,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after purchasing an additional 47 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Up 0.8%

Shares of Intuit stock opened at $659.30 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company has a market cap of $183.82 billion, a P/E ratio of 47.98, a PEG ratio of 2.53 and a beta of 1.25. The firm’s 50 day moving average price is $668.04 and its 200-day moving average price is $706.12. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the firm earned $1.99 EPS. The business’s quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date was Thursday, October 9th. Intuit’s dividend payout ratio is currently 34.93%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,407 shares of company stock valued at $1,614,913 in the last three months. 2.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Zacks Research downgraded Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. UBS Group lowered their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Finally, Rothschild & Co Redburn raised their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and an average price target of $791.82.

Intuit Company 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.