Strs Ohio Sells 3,606 Shares of Intuit Inc. $INTU

Strs Ohio cut its stake in Intuit Inc. (NASDAQ:INTU) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,268 shares of the software maker’s stock after selling 3,606 shares during the period. Strs Ohio’s holdings in Intuit were worth $34,706,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. GW&K Investment Management LLC raised its position in shares of Intuit by 8.6% in the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after acquiring an additional 16 shares in the last quarter. Cannell & Spears LLC boosted its position in shares of Intuit by 0.4% during the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock valued at $2,641,000 after purchasing an additional 16 shares in the last quarter. Betterment LLC grew its stake in Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares during the period. Crawford Investment Counsel Inc. raised its holdings in Intuit by 4.7% in the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after purchasing an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. raised its holdings in Intuit by 0.4% in the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after purchasing an additional 17 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $275.35 on Friday. The firm’s 50 day moving average price is $325.83 and its 200-day moving average price is $433.75. The company has a market cap of $75.32 billion, a PE ratio of 16.68, a P/E/G ratio of 1.01 and a beta of 1.00. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70. 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 (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities research analysts expect that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the business’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 completion of the transaction, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the purchase, the director directly owned 1,750 shares in the company, valued at approximately $541,992.50. This trade represents a 40.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 1,239 shares of company stock valued at $348,354 over the last quarter. 2.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTU. Oppenheimer decreased their price target on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Citigroup dropped their price objective on shares of Intuit from $649.00 to $591.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Daiwa Securities Group cut their price objective on shares of Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Royal Bank Of Canada decreased their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Northcoast Research lowered their target price on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Twenty-two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $498.40.

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.