Highland Capital Management LLC Invests $3.48 Million in Intuit Inc. $INTU

Highland Capital Management LLC acquired a new position in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, Holdings Channel reports. The firm acquired 4,421 shares of the software maker’s stock, valued at approximately $3,482,000.

Several other large investors also recently made changes to their positions in the business. KMG Fiduciary Partners LLC increased its position in shares of Intuit by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after acquiring an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after acquiring an additional 14 shares in the last quarter. Peloton Wealth Strategists increased its position in shares of Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 15 shares in the last quarter. Moody Lynn & Lieberson LLC increased its position in shares of Intuit by 0.9% in the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock worth $1,317,000 after acquiring an additional 15 shares in the last quarter. Finally, Decatur Capital Management Inc. increased its position in shares of Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock worth $3,069,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on INTU shares. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday. Bank of America lowered their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. CLSA started coverage on shares of Intuit in a report on Thursday, June 26th. They set an “outperform” rating and a $900.00 price target for the company. Stifel Nicolaus lowered their price target on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the company an “overweight” rating in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $791.82.

Intuit Trading Down 0.3%

Intuit stock opened at $679.94 on Friday. The firm’s 50-day moving average is $700.95 and its 200-day moving average is $692.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a market cap of $189.57 billion, a P/E ratio of 49.49, a PEG ratio of 2.62 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data 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 the consensus estimate 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% compared to the same quarter last year. During the same period last 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. On average, equities analysts expect that Intuit Inc. will post 14.09 earnings per share 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 given a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio is 30.28%.

Insider Activity

In related news, Director Scott D. Cook sold 529 shares of Intuit 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 sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 2,785 shares of company stock valued at $2,029,299. 2.68% of the stock is owned by company insiders.

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.