Horizon Bancorp Inc. IN Increases Stake in Intuit Inc. $INTU

Horizon Bancorp Inc. IN boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 326.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 128 shares of the software maker’s stock after purchasing an additional 98 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in Intuit were worth $101,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INTU. Invesco Ltd. lifted its stake in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after acquiring an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock valued at $1,130,718,000 after acquiring an additional 82,419 shares during the period. Vident Advisory LLC lifted its stake in Intuit by 22.1% during the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock valued at $28,821,000 after acquiring an additional 8,510 shares during the period. Circle Wealth Management LLC lifted its stake in Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock valued at $2,119,000 after acquiring an additional 865 shares during the period. Finally, Pinnacle Financial Partners Inc lifted its stake in Intuit by 3.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker’s stock valued at $10,922,000 after acquiring an additional 623 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

NASDAQ INTU opened at $644.92 on Friday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The stock has a market cap of $179.80 billion, a price-to-earnings ratio of 46.94, a PEG ratio of 2.54 and a beta of 1.25. The company’s 50 day moving average is $689.62 and its two-hundred day moving average is $692.95. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the business earned $1.99 EPS. The firm’s revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is 30.28%.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director directly owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,407 shares of company stock worth $1,614,913. Company insiders own 2.68% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the topic of several research analyst reports. Oppenheimer upped their target price on shares of Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. BMO Capital Markets upped their target price on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Bank of America lowered their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.