Howard Capital Management Inc. Acquires 1,070 Shares of Intuit Inc. $INTU

Howard Capital Management Inc. grew its holdings in Intuit Inc. (NASDAQ:INTU) by 16.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,684 shares of the software maker’s stock after purchasing an additional 1,070 shares during the quarter. Howard Capital Management Inc.’s holdings in Intuit were worth $6,052,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Motley Fool Asset Management LLC grew its holdings in Intuit by 11.7% during the 2nd quarter. Motley Fool Asset Management LLC now owns 14,519 shares of the software maker’s stock worth $11,436,000 after acquiring an additional 1,515 shares during the last quarter. May Hill Capital LLC raised its stake in shares of Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after acquiring an additional 14 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Intuit during the second quarter worth approximately $204,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Intuit by 26.0% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,740 shares of the software maker’s stock valued at $58,080,000 after purchasing an additional 15,200 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in shares of Intuit by 14.0% in the second quarter. Transcend Capital Advisors LLC now owns 2,196 shares of the software maker’s stock valued at $1,730,000 after purchasing an additional 270 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction 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 transaction, the director directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,407 shares of company stock valued at $1,614,913. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Up 0.0%

Shares of Intuit stock opened at $683.39 on Tuesday. The business has a fifty day simple moving average of $671.10 and a 200 day simple moving average of $700.38. The stock has a market cap of $190.53 billion, a PE ratio of 49.74, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating 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 return on equity of 22.72% and a net margin of 20.55%.The company’s quarterly revenue was up 20.3% on a year-over-year basis. 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. Research 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 was paid on Friday, October 17th. Investors of record on Thursday, October 9th were issued a dividend of $1.20 per share. This is an increase 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 was Thursday, October 9th. Intuit’s dividend payout ratio is presently 34.93%.

Analyst Ratings Changes

Several research firms have issued reports on INTU. JPMorgan Chase & Co. reduced their price objective on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Bank of America dropped their target price on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Oppenheimer upped their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, Morgan Stanley dropped their price objective on Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.