Intuit Inc. $INTU Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU) by 10.6% during the second quarter, Holdings Channel reports. The firm owned 36,528 shares of the software maker’s stock after selling 4,309 shares during the period. Harvest Portfolios Group Inc.’s holdings in Intuit were worth $28,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Nuveen LLC bought a new stake in Intuit in the first quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the 1st quarter worth about $785,564,000. Price T Rowe Associates Inc. MD lifted its position in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Intuit by 55.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock worth $646,613,000 after purchasing an additional 375,742 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after buying an additional 358,328 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 0.3%

INTU stock opened at $653.64 on Friday. The firm has a market cap of $182.24 billion, a PE ratio of 47.57, a P/E/G ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a 50 day simple moving average of $669.02 and a 200 day simple moving average of $703.80.

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

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a dividend of $1.20 per share. This is a boost from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, October 9th. Intuit’s payout ratio is currently 34.93%.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. KeyCorp cut their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. BMO Capital Markets upped their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. JPMorgan Chase & Co. lowered their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Finally, Morgan Stanley reduced their price target on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $791.82.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 1,170 shares of the business’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 $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director directly owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 over the last ninety days. 2.68% of the stock is currently owned by company insiders.

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.