Kentucky Retirement Systems Increases Stock Position in Intuit Inc. $INTU

Kentucky Retirement Systems lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 37.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,518 shares of the software maker’s stock after buying an additional 6,375 shares during the period. Kentucky Retirement Systems’ holdings in Intuit were worth $10,169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. grew its holdings in shares of Intuit by 522.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after purchasing an additional 43,389 shares during the period. Bank of New York Mellon Corp lifted its position 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 buying an additional 471,451 shares in the last quarter. Vestcor Inc lifted its position in Intuit by 79.1% during the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after buying an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Intuit by 119.5% during the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after buying an additional 47,148 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in Intuit by 13.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock worth $39,728,000 after buying an additional 6,999 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Up 6.4%

NASDAQ INTU opened at $333.13 on Thursday. The stock has a market cap of $91.12 billion, a P/E ratio of 20.18, a PEG ratio of 1.15 and a beta of 1.00. The company’s fifty day simple moving average is $288.91 and its 200-day simple moving average is $384.87. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating 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 business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period last year, the business earned $11.65 EPS. The business’s revenue 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. Equities research analysts predict that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s latest reported quarter showed resilient financial performance: revenue rose 10.4% year over year to $8.56 billion and adjusted earnings of $12.80 per share exceeded consensus estimates. Management maintained fiscal 2026 guidance, which may be supporting the rebound. Intuit investor attention article
• Neutral Sentiment: Intuit is attracting elevated investor attention, but the Zacks article does not identify a new fundamental catalyst. Broader U.S. equities were also weaker ahead of the Federal Reserve’s policy decision and major technology earnings, creating a mixed market backdrop for INTU. Equities lower ahead of Fed decision article
• Negative Sentiment: TD Cowen downgraded Intuit to Hold from Buy, citing a near-term catalyst path that appears more negative than positive and could limit a recovery in the shares. The downgrade reinforces concerns that lowered TurboTax growth guidance may continue to weigh on valuation. TD Cowen Intuit downgrade article
• Negative Sentiment: Multiple law firms publicized a securities class-action lawsuit against Intuit and certain officers. The allegations claim the company overstated the strength and sustainability of its tax-related operations, particularly TurboTax, while failing to disclose customer losses, competitive pressure and pricing challenges. Investors who purchased securities between August 22, 2025, and May 20, 2026, have until September 8, 2026, to seek lead-plaintiff status. These announcements increase headline, legal and reputational risk, although the allegations have not been proven. Intuit class action lawsuit article

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on INTU shares. Susquehanna cut their target price on shares of Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. UBS Group cut their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Truist Financial reduced their price objective on Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Erste Group Bank raised Intuit to a “hold” rating in a research report on Monday, April 27th. Twenty equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $462.39.

Insider Activity

In other Intuit news, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the purchase, the director directly owned 1,250 shares in the company, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the sale, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% 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 quarter, insiders sold 1,239 shares of company stock worth $348,354. Insiders own 2.49% of the company’s stock.

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.