VIRGINIA RETIREMENT SYSTEMS ET Al Invests $48.05 Million in Intuit Inc. $INTU

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 184,100 shares of the software maker’s stock, valued at approximately $48,050,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Intesa Sanpaolo Wealth Management purchased a new position in shares of Intuit in the fourth quarter worth about $25,000. Fiduciary Financial Advisors purchased a new stake in Intuit during the 2nd quarter valued at about $25,000. Osbon Capital Management LLC acquired a new stake in Intuit in the 2nd quarter valued at about $26,000. MidFirst Bank purchased a new position in Intuit in the 2nd quarter worth approximately $28,000. Finally, HHM Wealth Advisors LLC lifted its stake in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Intuit news, Director Richard Dalzell sold 338 shares of Intuit stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the business’s 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 completion of the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,146 shares of company stock valued at $662,666. 2.49% of the stock is currently owned by insiders.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit will host its annual Investor Day on Sept. 17, where management may provide additional detail on its growth strategy, product outlook and financial targets. The event could help investors reassess the company’s recently issued fiscal 2027 guidance. Intuit to Host Annual Investor Day on September 17
• Positive Sentiment: CFO Sandeep Aujla is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on Sept. 10, giving investors another opportunity to hear management address growth, demand and guidance. Intuit CFO Sandeep Aujla to Present at the Goldman Sachs Communacopia + Technology Conference
• Neutral Sentiment: KeyCorp’s fiscal 2027 EPS estimate of $23.06 is essentially in line with the roughly $23.03 consensus estimate, suggesting no meaningful new earnings revision from that coverage. KeyCorp Intuit earnings estimates
• Negative Sentiment: Several law firms announced or promoted securities-fraud class actions involving Intuit, with a Sept. 8 lead-plaintiff deadline. The allegations reportedly concern statements about TurboTax growth and cover periods ranging from February or August 2025 through May or June 2026. Although the notices do not establish wrongdoing, the repeated litigation coverage raises reputational, legal-cost and potential-liability concerns. Intuit Securities Fraud Lawsuit Deadline Intuit Investor Class Action

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INTU. Deutsche Bank Aktiengesellschaft dropped their price target on Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Mizuho lowered their price objective on Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 17th. BNP Paribas Exane dropped their target price on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Citigroup cut their target price on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Finally, The Goldman Sachs Group lifted their price target on Intuit from $276.00 to $304.00 and gave the stock a “sell” rating in a report on Wednesday, August 26th. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $434.68.

Intuit Stock Performance

INTU opened at $332.70 on Monday. The stock has a market capitalization of $91.01 billion, a PE ratio of 20.16, a P/E/G ratio of 0.95 and a beta of 0.98. Intuit Inc. has a one year low of $252.84 and a one year high of $705.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. The business’s 50 day moving average price is $315.84 and its 200 day moving average price is $354.07.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 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 the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts expect that Intuit Inc. will post 23.49 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.7%. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s payout ratio is 29.09%.

Intuit 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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.