Illinois Municipal Retirement Fund Cuts Stock Holdings in Intuit Inc. $INTU

Posted by ABMN Staff on Feb 13th, 2026

Illinois Municipal Retirement Fund trimmed its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 6.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,110 shares of the software maker’s stock after selling 1,561 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Intuit were worth $15,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its position in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares during the last quarter. Westside Investment Management Inc. grew its position in Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares during the period. Sagard Holdings Management Inc. purchased a new stake in Intuit during the second quarter worth about $28,000. True Wealth Design LLC raised its position in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares during the period. Finally, LGT Financial Advisors LLC purchased a new position in Intuit in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Intuit launched an AI‑native Construction Edition for its Intuit Enterprise Suite, expanding addressable market in the $2T construction sector — a product catalyst that supports medium‑term revenue growth. Intuit Launches New AI-Powered Construction Edition for Intuit Enterprise Suite
Positive Sentiment: Intuit rolled out a new firm hub (a QBOA replacement), improving its product UX for accounting firms — another nearer‑term product improvement that can help retention and upsell. Intuit launches new firm hub as QBOA replacement
Neutral Sentiment: BMO Capital reiterated an Outperform rating on INTU even as it lowered the price target — supporting the buy thesis but signaling tempered near‑term expectations. BMO Capital Maintains an Outperform Rating on Intuit Inc. (INTU)
Neutral Sentiment: Analyst/sector commentary (Morgan Stanley, Zacks, Barron’s coverage) is mixed — some see a software dip as a buying opportunity while AI fears create caution; this keeps volatility high but leaves longer‑term views divided. AI Disruption Hit Multiple Sector ETFs: Is the Fear Overblown?
Negative Sentiment: Unusual options activity: investors purchased roughly 184,364 put contracts (a ~1,597% jump vs. average), indicating heavy short-term bearish bets that can amplify downward moves.
Negative Sentiment: INTU hit a 52‑week low, a technical signal that can trigger momentum selling and force near‑term downside. Intuit stock hits 52-week low at $410.59
Negative Sentiment: Analyst expectations trimmed: coverage notes (and press reports) point to lowered expectations/price targets from some shops — weighing on sentiment and valuation multiples. BMO Capital Markets Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price
Negative Sentiment: Legal/reputation risk: an employee lawsuit alleging discriminatory labeling of a hire adds a headline‑risk element that can hurt sentiment if it escalates. Employee sues Intuit alleging manager branded her a ‘DEI hire’

Intuit Stock Down 0.4%

Shares of NASDAQ INTU opened at $397.96 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $587.85 and a 200-day moving average of $647.86. The firm has a market capitalization of $110.74 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.63 and a beta of 1.24. Intuit Inc. has a 12 month low of $391.15 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU – Get Free Report) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the business earned $2.50 earnings per share. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on INTU shares. Wolfe Research decreased their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Weiss Ratings lowered Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Evercore restated an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Daiwa Securities Group increased their target price on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. Twenty-two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $772.42.

Get Our Latest Research Report on INTU

Insider Buying and Selling

In other news, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the transaction, the director owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 388,464 shares of company stock valued at $255,514,393 over the last three months. 2.49% of the stock is owned by corporate insiders.

Intuit Profile

(Free Report)

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.