Intuit Inc. $INTU Stake Lifted by Harvest Portfolios Group Inc.

Key Points

• Harvest Portfolios Group Inc. increased its stake in Intuit Inc. (NASDAQ:INTU) by 4.2% during Q1, bringing its total holdings to $25.07 million after acquiring an additional 1,638 shares.
• Intuit recently announced a quarterly dividend increase to $1.20 from the previous $1.04, with the ex-dividend date set for October 9.
• Despite recent sales by insiders, who sold over $113 million worth of shares, 83.66% of Intuit's stock is still held by institutional investors.

Harvest Portfolios Group Inc. increased its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,837 shares of the software maker's stock after purchasing an additional 1,638 shares during the period. Harvest Portfolios Group Inc.'s holdings in Intuit were worth $25,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in INTU. Copia Wealth Management purchased a new stake in Intuit during the 4th quarter worth $25,000. Heck Capital Advisors LLC purchased a new stake in Intuit during the 4th quarter worth $28,000. Olde Wealth Management LLC purchased a new position in Intuit in the 1st quarter valued at about $37,000. Atlantic Edge Private Wealth Management LLC boosted its position in Intuit by 523.1% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock valued at $50,000 after buying an additional 68 shares during the last quarter. Finally, Hughes Financial Services LLC purchased a new position in Intuit in the 1st quarter valued at about $50,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Intuit news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the transaction, the executive vice president owned 19 shares of the company's stock, valued at approximately $14,704.10. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,817 shares of company stock valued at $82,475,471 over the last quarter. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Performance

INTU traded down $1.20 on Friday, hitting $667.00. 1,594,076 shares of the company's stock were exchanged, compared to its average volume of 2,167,229. The firm has a market cap of $186.06 billion, a PE ratio of 48.54, a P/E/G ratio of 2.59 and a beta of 1.28. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The stock has a fifty day moving average of $747.30 and a two-hundred day moving average of $677.70. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on INTU shares. Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Citigroup decreased their price objective on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Oppenheimer upped their price objective on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Evercore ISI upped their target price on shares of Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

About Intuit

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.