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

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

A number of other institutional investors also recently modified their holdings of INTU. Norges Bank bought a new position in shares of Intuit in the fourth quarter valued at about $3,058,407,000. Alliancebernstein L.P. boosted its stake in Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after acquiring an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit during the first quarter worth $785,564,000. Arrowstreet Capital Limited Partnership grew its position in shares of Intuit by 36.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock worth $1,274,391,000 after buying an additional 512,684 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after purchasing an additional 471,451 shares during the period. Institutional investors own 83.66% of the company’s stock.

Insider Activity

In other news, Director Vasant M. Prabhu purchased 500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $309.71 per share, with a total value of $154,855.00. Following the acquisition, the director owned 1,750 shares in the company, valued at approximately $541,992.50. The trade was a 40.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through 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 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. 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. Insiders have sold 1,239 shares of company stock valued at $348,354 in the last ninety days. 2.49% of the stock is currently owned by company insiders.

Key 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?

Intuit Trading Down 2.7%

Shares of Intuit stock opened at $255.07 on Friday. The firm has a 50-day moving average of $341.35 and a 200-day moving average of $448.84. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70. The stock has a market cap of $69.77 billion, a PE ratio of 15.45, a PEG ratio of 0.96 and a beta of 0.98. 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 announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping 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 company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same period last year, the firm earned $11.65 earnings per share. The business’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. As a group, sell-side analysts forecast that Intuit Inc. will post 18.21 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.9%. Intuit’s dividend payout ratio is currently 29.07%.

Analyst Ratings Changes

INTU has been the subject of several research reports. BMO Capital Markets lowered their price objective on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. The Goldman Sachs Group cut Intuit from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Barclays cut their target price on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $275.00 price objective (down from $375.00) on shares of Intuit in a research report on Wednesday, June 17th. Finally, Susquehanna reduced their target price on Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research note on Friday, May 22nd. Twenty-two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $498.40.

About Intuit

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.