Public Sector Pension Investment Board reduced its stake in Intuit Inc. (INTU) by 25.7% in the first quarter, according to its latest SEC filing. The pension fund held 43,428 shares after selling 14,991 during the period, with the position valued at about $26.66 million at quarter’s end.
Other institutional investors also adjusted their holdings. Copia Wealth Management initiated a new stake in Intuit in the fourth quarter valued at roughly $25,000, while Heck Capital Advisors LLC and Hughes Financial Services LLC each opened new positions in the first quarter, valued at about $28,000 and $50,000 respectively. Olde Wealth Management LLC also added to its stake in the first quarter, and Atlantic Edge Private Wealth Management LLC expanded significantly by 523.1% in the period, now owning 81 shares after purchasing an additional 68 shares, valued at about $50,000. Collectively, hedge funds and other institutional investors own about 83.66% of Intuit’s stock.
Wall Street has a positive sentiment on Intuit. JPMorgan Chase & Co. raised its price target from $660 to $770 and reiterated an overweight rating in late May. BMO Capital Markets lifted its target from $820 to $870 with an outperform rating in July. Barclays reiterated an overweight rating and increased its target to $815 (up from $775) in late May. Scotiabank moved Intuit from sector perform to sector outperform, boosting its target from $600 to $700 in April. Stifel Nicolaus also increased its price objective from $725 to $850 and gave a Buy rating in May. The consensus among analysts is a Moderate Buy, with an average price target around $806.27.
In early trading, Intuit’s shares slipped about 0.2% to $711.71, as 1.6 million shares changed hands, roughly in line with the daily average. The stock has traded within a 1-year range of $532.65 to $813.70. It carries a market capitalization near $198.5 billion, a price-earnings ratio around 57.8, and a price/earnings growth ratio of 2.75. Intuit’s debt-to-equity stands at 0.29, with current and quick ratios of 1.45. The stock’s 50-day moving average sits at about $765.97, while the 200-day moving average is around $669.47.
Intuit reported strong quarterly results on May 22, with an EPS of $11.65 on revenue of $7.75 billion, topping consensus estimates of $10.89 and $7.56 billion, respectively. This marked a year-over-year revenue increase of about 15.1%. The company has guided that earnings are expected to be around $14.09 per share for the current fiscal year, according to sell-side estimates.
Dividend activity remains a tailwind for shareholders. Intuit declared a quarterly dividend of $1.04 per share, paid on July 18 to shareholders of record as of July 10, yielding approximately 0.6% on the payout. The annualized dividend stands at $4.16 per share.
Insider activity also drew attention. EVP Marianna Tessel sold 34,329 Intuit shares on June 3 at an average price of $760.84, reducing her stake to 40,767 shares valued at about $31.02 million—a decline of roughly 45.7%. Co-founder and longtime executive Scott D. Cook sold 72,442 shares on May 27 at an average price of $741.29, leaving him with around 6.06 million shares valued at roughly $4.49 billion—a 1.18% decrease in ownership. Over the past 90 days, insiders have sold about 279,800 shares worth approximately $209.7 million. Despite these sales, insiders collectively own about 2.68% of the company.
Intuit operates across four segments—Small Business & Self-Employed, Consumer, Credit Karma, and ProTax—and serves customers in the United States, Canada, and internationally. The company continues to demonstrate a diversified growth profile that investors are watching closely as it executes across its product lines and expanding services.
If you’re looking for additional context, market observers note that Intuit’s blended growth trajectory and expanding ecosystem support a constructive long-term outlook, with the stock supported by a broad base of buy-rated analysts and a set of favorable earnings trends. In the near term, investors will likely weigh insider moves alongside continued execution on its multi-segment strategy and any updates to its forward guidance.