Louisiana State Employees Retirement System Invests $14.01 Million in Intuit Inc. $INTU

Louisiana State Employees Retirement System purchased a new stake in Intuit Inc. (NASDAQ:INTU) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 32,400 shares of the software maker’s stock, valued at approximately $14,009,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Fiduciary Alliance LLC increased its holdings in shares of Intuit by 80.2% during the first quarter. Fiduciary Alliance LLC now owns 4,753 shares of the software maker’s stock worth $2,055,000 after buying an additional 2,116 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of Intuit by 8.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 13,103 shares of the software maker’s stock valued at $5,665,000 after acquiring an additional 972 shares in the last quarter. Watchman Group Inc. boosted its holdings in shares of Intuit by 7.4% during the 1st quarter. Watchman Group Inc. now owns 7,220 shares of the software maker’s stock valued at $3,122,000 after acquiring an additional 498 shares in the last quarter. BTC Capital Management Inc. grew its position in Intuit by 30.7% during the 1st quarter. BTC Capital Management Inc. now owns 19,793 shares of the software maker’s stock worth $8,567,000 after acquiring an additional 4,651 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Intuit by 45.2% in the 1st quarter. Blue Trust Inc. now owns 2,212 shares of the software maker’s stock worth $956,000 after purchasing an additional 689 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ:INTU opened at $255.07 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $813.70. The company has a 50 day simple moving average of $341.35 and a two-hundred day simple moving average of $448.84. The company has a market capitalization of $69.77 billion, a PE ratio of 15.45, a P/E/G ratio of 0.96 and a beta of 0.98.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the previous year, the company earned $11.65 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts anticipate that Intuit Inc. will post 18.21 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is presently 29.07%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is set to showcase its rebuilt AI infrastructure at VB Transform 2026, reinforcing its long-term investment in faster, more scalable AI tools that could support product innovation and growth. Intuit will show off how it rebuilt its AI infrastructure to support fast and complex tasks at VB Transform 2026
• Positive Sentiment: Market commentary says lower Treasury yields have helped support valuation for growth-oriented names like Intuit, which can ease some pressure on the stock. Sprout Social, Intuit, and PagerDuty Shares Skyrocket, What You Need To Know
• Positive Sentiment: Intuit’s QuickBooks partnership with Employment Hero could strengthen its business ecosystem and expand its payroll-related offerings. Intuit QuickBooks deepens partnership with Employment Hero for Payday Super
• Neutral Sentiment: Short interest data showed no meaningful short position change, so this update does not appear to be a major trading driver. Intuit Inc. (INTU) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Director Richard Dalzell sold a small block of shares under a pre-arranged trading plan, which is usually routine and not necessarily a bearish signal by itself. Richard Dalzell Sells 284 Shares of Intuit (NASDAQ:INTU) Stock
• Negative Sentiment: Intuit issued $1.74 billion in net proceeds from new senior notes, which may help refinance debt but also adds attention to leverage as the company faces pressure on TurboTax pricing and AI disruption concerns. Does Intuit’s New Debt and TurboTax Pricing Pressure Reframe Its AI Investment Story (INTU)?
• Negative Sentiment: Investor anxiety has risen after reports of pricing issues and a securities-fraud investigation notice, creating legal overhang for the stock. INTU Stock News: Intuit Stock Dropped 20% after Pricing Issues Disclosed
• Negative Sentiment: Another law firm has opened an investor claims investigation, adding to the legal uncertainty around Intuit. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. – INTU
• Negative Sentiment: Stifel downgraded Intuit to Hold and cut its price target, citing the risk that management may reduce near- to medium-term growth expectations. Is Intuit (INTU) One of the Best Big Tech Stocks to Buy According to Wall Street Analysts?

Analyst Ratings Changes

Several equities analysts have commented on INTU shares. BMO Capital Markets dropped their target price on Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. HSBC dropped their price objective on shares of Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. BNP Paribas Exane decreased their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Guggenheim set a $633.00 price target on shares of Intuit in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus target price of $498.40.

Insider Activity

In other Intuit news, Director Vasant M. Prabhu purchased 500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by corporate insiders.

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.