Highland Capital Management LLC Acquires Shares of 4,421 Intuit Inc. $INTU

Key Points

• Highland Capital Management LLC has acquired a new stake of 4,421 shares in Intuit Inc., valued at approximately $3.48 million.
• Intuit recently announced a quarterly dividend increase to $1.20 per share, set to be paid on October 17, reflecting an annualized dividend yield of 0.7%.
• Analysts have updated their price targets on Intuit, with several firms lowering their targets, while still maintaining mostly "buy" ratings for the stock.

Highland Capital Management LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,421 shares of the software maker's stock, valued at approximately $3,482,000.

A number of other institutional investors also recently bought and sold shares of INTU. Brighton Jones LLC increased its stake in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after acquiring an additional 482 shares during the period. NBC Securities Inc. acquired a new position in shares of Intuit during the first quarter worth about $92,000. Wealth Group Ltd. acquired a new position in shares of Intuit during the first quarter worth about $493,000. Finally, Vest Financial LLC increased its stake in shares of Intuit by 65.1% during the first quarter. Vest Financial LLC now owns 5,008 shares of the software maker's stock worth $3,075,000 after acquiring an additional 1,975 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 529 shares of the company's 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 completion of the transaction, the director owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,785 shares of company stock worth $2,029,299. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Performance

Shares of INTU opened at $679.94 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $189.57 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 2.62 and a beta of 1.25. The company's 50 day simple moving average is $700.95 and its 200 day simple moving average is $692.11. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit's payout ratio is currently 30.28%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Bank of America dropped their price target 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. Barclays dropped their price target on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Stifel Nicolaus dropped their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Citigroup dropped their price target on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, 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 report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.

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