Harbour Investments Inc. Buys 26 Shares of Intuit Inc. $INTU

Harbour Investments Inc. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 7.7% in the second quarter, HoldingsChannel.com reports. The fund owned 363 shares of the software maker’s stock after acquiring an additional 26 shares during the quarter. Harbour Investments Inc.’s holdings in Intuit were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in INTU. Vanguard Group Inc. raised its position in Intuit by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock worth $16,780,536,000 after purchasing an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD raised 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 worth $5,537,435,000 after purchasing an additional 649,212 shares during the period. Wellington Management Group LLP raised its position in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the period. Brown Advisory Inc. raised its position in Intuit by 7.9% in the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock worth $2,114,950,000 after purchasing an additional 252,265 shares during the period. Finally, Invesco Ltd. raised its position in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after purchasing an additional 36,513 shares during the period. 83.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. KeyCorp decreased their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Rothschild & Co Redburn boosted their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Morgan Stanley decreased their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $791.82.

Intuit Trading Up 1.5%

Shares of INTU opened at $675.04 on Wednesday. The firm’s 50-day moving average price is $673.93 and its 200-day moving average price is $696.36. The firm has a market capitalization of $188.20 billion, a price-to-earnings ratio of 49.13, a PEG ratio of 2.57 and a beta of 1.25. 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 Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,407 shares of company stock valued at $1,614,913. Corporate insiders own 2.68% of the company’s stock.

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.