VIRGINIA RETIREMENT SYSTEMS ET Al Buys 32,400 Shares of Intuit Inc. $INTU

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 17.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 216,500 shares of the software maker’s stock after purchasing an additional 32,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.08% of Intuit worth $59,691,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of INTU. XXEC Inc. acquired a new stake in Intuit during the second quarter valued at approximately $436,740,000. BlackRock Inc. acquired a new position in shares of Intuit in the 2nd quarter worth approximately $6,851,859,000. Corient Private Wealth LP acquired a new position in shares of Intuit in the 2nd quarter worth approximately $40,545,000. Arrowstreet Capital Limited Partnership grew its position in shares of Intuit by 102.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after acquiring an additional 1,972,719 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Intuit by 6.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock valued at $870,260,000 after acquiring an additional 215,814 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on INTU shares. Mizuho reissued an “outperform” rating and set a $430.00 price target on shares of Intuit in a research report on Friday, September 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $300.00 price objective on shares of Intuit in a report on Friday, September 18th. The Goldman Sachs Group reiterated a “sell” rating on shares of Intuit in a research note on Thursday, September 24th. Truist Financial reiterated a “hold” rating and set a $300.00 target price on shares of Intuit in a research note on Friday, September 18th. Finally, Jefferies Financial Group dropped their target price on shares of Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Sunday, August 23rd. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit has a consensus rating of “Hold” and a consensus target price of $431.55.

Insider Activity

In related news, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.49% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors responded favorably to Intuit’s expanded Intuit Intelligence platform, which adds automation and workflow capabilities across QuickBooks, Intuit Enterprise Suite and Intuit Accountant Suite. The company’s planned acquisition of Sequence would further strengthen quote-to-revenue and billing automation for mid-market customers. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Management’s previously reaffirmed fiscal 2027 outlook continues to support the bullish case, including expected full-year revenue growth of approximately 9% to 10%. Intuit also launched Credit Karma Tax with free federal filing and faster-refund features ahead of tax season, adding another potential growth catalyst. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Intuit will report fiscal first-quarter 2027 results after the market closes on November 19. The event gives investors a near-term opportunity to assess demand, AI monetization and whether the company is tracking toward its full-year guidance. Intuit to Announce First-Quarter Fiscal Year 2027 Results on Nov. 19
• Neutral Sentiment: Recent institutional activity was mixed: several large investors increased their positions, while others—including Wellington Management and T. Rowe Price—reduced holdings. The conflicting signals suggest continued debate over valuation and Intuit’s AI transition.
• Negative Sentiment: Matrix Asset Advisors reportedly exited Intuit amid uncertainty about the company’s AI-driven business model, highlighting concerns about execution, competitive pressure and the timing of returns from new technology investments. Intuit (INTU): Exiting Amid AI-Driven Business Model Uncertainty
• Negative Sentiment: Insider trading data showed more sales than purchases during the past six months, a modest cautionary signal, although the transactions do not necessarily indicate a change in management’s operating outlook.

Intuit Stock Up 3.0%

Shares of Intuit stock opened at $341.09 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The business’s 50 day simple moving average is $319.38 and its 200-day simple moving average is $362.39. The stock has a market capitalization of $91.15 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.09 and a beta of 1.01. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $682.27.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities research analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were given a dividend of $1.38 per share. This is a positive change from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit’s payout ratio is 33.45%.

About Intuit

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.