California State Teachers Retirement System Decreases Stock Holdings in Intuit Inc. $INTU

California State Teachers Retirement System lowered its stake in Intuit Inc. (NASDAQ:INTU) by 2.7% during the first quarter, Holdings Channel.com reports. The fund owned 423,113 shares of the software maker’s stock after selling 11,755 shares during the quarter. California State Teachers Retirement System’s holdings in Intuit were worth $182,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in Intuit during the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Intuit in the fourth quarter valued at about $25,000. HHM Wealth Advisors LLC grew its position in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after purchasing an additional 30 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Intuit during the first quarter worth about $30,000. Finally, CrossGen Wealth LLC purchased a new stake in shares of Intuit during the first quarter worth about $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other news, Director Vasant M. Prabhu purchased 500 shares of Intuit stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $309.71 per share, with a total value of $154,855.00. Following the transaction, the director owned 1,750 shares in the company, valued at $541,992.50. This represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were 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 in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,239 shares of company stock valued at $348,354. Corporate insiders own 2.49% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit benefited from renewed investor interest in enterprise software after software stocks outperformed semiconductor shares. Separately, Intuit’s AI initiatives and use of automation to improve efficiency could support its long-term competitive position. Software Is Beating Chips for Once
• Neutral Sentiment: Multiple law firms announced or promoted a securities class action against Intuit and certain executives. The case covers investors who purchased shares between August 22, 2025, and May 20, 2026, with lead-plaintiff deadlines generally falling on September 8 or September 9, 2026. These announcements do not establish wrongdoing, but they add uncertainty and potential litigation costs. Pomerantz Class Action Announcement
• Negative Sentiment: The lawsuits allege that Intuit overstated the sustainability and growth of its tax-related operations, particularly TurboTax, while failing to disclose increased competition, pricing pressure and customer losses. Plaintiffs claim these issues contributed to a stock decline of more than 20% after the market reassessed Intuit’s outlook. Intuit Securities Class Action Allegations
• Negative Sentiment: TD Cowen downgraded INTU to Hold from Buy, citing a near-term catalyst path that is skewed more negatively than positively and could limit a recovery in the shares. Investors also remain concerned about AI-driven disruption and earnings pressure. TD Cowen Downgrades Intuit

Wall Street Analyst Weigh In

Several research firms recently weighed in on INTU. Jefferies Financial Group reduced their price target on shares of Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. HSBC cut their price objective on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Daiwa Securities Group reduced their target price on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Citigroup decreased their target price on Intuit from $649.00 to $591.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Freedom Capital lowered Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Twenty equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $462.39.

Intuit Stock Up 3.0%

Shares of INTU opened at $312.99 on Wednesday. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70. 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 stock has a fifty day simple moving average of $289.92 and a two-hundred day simple moving average of $387.12. The company has a market capitalization of $85.61 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $8.54 billion. During the same quarter in the previous year, the company posted $11.65 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities analysts forecast that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.

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.