OMERS ADMINISTRATION Corp Grows Holdings in Intuit Inc. $INTU

OMERS ADMINISTRATION Corp raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 26.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,792 shares of the software maker’s stock after purchasing an additional 2,914 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Intuit were worth $5,963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of INTU. Joseph Group Capital Management acquired a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Intuit in the 4th quarter worth $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Intuit in the third quarter valued at $33,000. Birchwood Financial Partners Inc. bought a new position in Intuit during the fourth quarter valued at about $33,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its stake in Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on INTU shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $275.00 price target (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Morgan Stanley lowered shares of Intuit from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $580.00 to $335.00 in a research note on Tuesday, July 21st. BMO Capital Markets reduced their price objective on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Daiwa Securities Group decreased their target price on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, Wolfe Research restated an “outperform” rating and issued a $400.00 price objective on shares of Intuit in a research note on Thursday, May 21st. Twenty-one research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $468.84.

Intuit Stock Performance

NASDAQ:INTU opened at $296.33 on Monday. The stock has a market capitalization of $81.06 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. 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 1 year low of $252.84 and a 1 year high of $813.70. The firm has a 50 day moving average of $293.64 and a 200-day moving average of $391.92.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $11.65 earnings per share. 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 anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, July 9th. Intuit’s payout ratio is currently 29.07%.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their position. The sale was disclosed in a filing 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, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. This represents a 40.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 1,239 shares of company stock valued at $348,354 over the last 90 days. Corporate insiders own 2.49% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit highlighted its AI roadmap for surgical care at the Society of Robotic Surgery conference, including a framework built on data from more than 20 million da Vinci procedures and a live telesurgery demonstration. The message reinforces Intuit’s long-term innovation story and could help investor confidence around future product capabilities. Article Title
• Positive Sentiment: The company also launched a business credit card that syncs with QuickBooks, which supports ecosystem expansion and could deepen customer adoption across Intuit’s small-business platform. Article Title
• Neutral Sentiment: Analysts are still looking for double-digit earnings growth in Intuit’s upcoming quarterly report, suggesting investors are watching closely for confirmation of continued momentum. Article Title
• Negative Sentiment: Multiple law firms announced or promoted securities fraud class-action claims against Intuit, alleging misstatements about TurboTax growth, revenue outlook, and pricing issues. These legal actions are a clear drag on sentiment and may be pressuring the stock. Article Title
• Negative Sentiment: Additional lawsuits and deadline reminders around the September 8 lead-plaintiff date keep the litigation overhang in focus, adding uncertainty for investors. Article Title

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.