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

Harvest Portfolios Group Inc. raised its position in Intuit Inc. (NASDAQ:INTU) by 25.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 43,075 shares of the software maker’s stock after acquiring an additional 8,860 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Intuit were worth $28,534,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Tredje AP fonden lifted its stake in shares of Intuit by 92.6% during the fourth quarter. Tredje AP fonden now owns 47,176 shares of the software maker’s stock worth $31,250,000 after buying an additional 22,676 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Intuit by 1.0% during the fourth quarter. Handelsbanken Fonder AB now owns 243,355 shares of the software maker’s stock worth $161,203,000 after buying an additional 2,380 shares during the period. Profund Advisors LLC lifted its stake in shares of Intuit by 4.3% during the fourth quarter. Profund Advisors LLC now owns 26,320 shares of the software maker’s stock worth $17,435,000 after buying an additional 1,088 shares during the period. ProShare Advisors LLC lifted its stake in shares of Intuit by 36.1% during the fourth quarter. ProShare Advisors LLC now owns 508,602 shares of the software maker’s stock worth $336,908,000 after buying an additional 134,850 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Intuit by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 67,952 shares of the software maker’s stock worth $45,013,000 after buying an additional 275 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is getting a boost from a new AI expansion in QuickBooks, adding Workforce tools for payroll, hiring, and HR management. That broadens the platform beyond accounting and could support faster growth and deeper customer adoption. Intuit Expands QuickBooks With AI: Will It Accelerate Growth?
• Positive Sentiment: Wall Street sentiment has improved after Intuit was upgraded to Buy, reflecting optimism about earnings prospects ahead of the company’s report. Intuit (INTU) Upgraded to Buy: Here’s What You Should Know
• Positive Sentiment: Analysts are heading into Intuit’s fiscal Q3 results expecting double-digit revenue growth, with momentum in QuickBooks, TurboTax, and Credit Karma potentially setting up a favorable earnings reaction. Intuit Gears Up to Report Q3 Earnings: What’s in the Offing?
• Neutral Sentiment: Investors are closely watching Intuit ahead of its May 20 earnings release, which is likely keeping trading cautious as the market waits for updated guidance. Polymarket Earnings: Will NVDA, INTU, LOW Beat Earnings Tomorrow?
• Neutral Sentiment: Intuit also announced a large office lease in Bengaluru, signaling ongoing international expansion, though the move is unlikely to affect the stock immediately. Intuit takes on lease 6.3 lakh sq ft of office space at Embassy Tech Village in Bengaluru
• Negative Sentiment: Despite the recent rebound in sentiment, some articles note that Intuit remains well below its yearly high, with investors still worried about growth durability and valuation after a sharp pullback. Dear Intuit Stock Fans, Mark Your Calendars for May 20
• Negative Sentiment: Some commentary is also questioning whether Intuit is keeping pace in AI, which could weigh on investor confidence if the company’s AI strategy is seen as insufficient. Intuit’s massive drop is raising serious AI questions

Wall Street Analyst Weigh In

INTU has been the subject of several research reports. Erste Group Bank upgraded shares of Intuit to a “hold” rating in a research note on Monday, April 27th. BNP Paribas Exane upgraded shares of Intuit from an “underperform” rating to a “neutral” rating and set a $463.00 price objective for the company in a research note on Monday, March 16th. Jefferies Financial Group reiterated a “buy” rating on shares of Intuit in a research note on Sunday, April 19th. Barclays reissued an “overweight” rating and set a $540.00 target price on shares of Intuit in a report on Monday, March 16th. Finally, KeyCorp reduced their target price on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $634.26.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.49% of the company’s stock.

Intuit Stock Down 0.9%

INTU opened at $399.48 on Wednesday. Intuit Inc. has a fifty-two week low of $342.11 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The company has a fifty day moving average of $410.70 and a two-hundred day moving average of $516.31. The stock has a market capitalization of $110.48 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.62 and a beta of 1.04.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the business earned $3.32 earnings per share. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts expect that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. Intuit’s payout ratio is presently 31.09%.

Intuit Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.