Harbour Investments Inc. Boosts Stock Holdings in Intuit Inc. $INTU

Harbour Investments Inc. boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 411.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,098 shares of the software maker’s stock after acquiring an additional 1,688 shares during the period. Harbour Investments Inc.’s holdings in Intuit were worth $1,390,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of INTU. NEOS Investment Management LLC grew its stake in shares of Intuit by 63.8% in the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after buying an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co grew its stake in shares of Intuit by 8.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after buying an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new position in shares of Intuit in the 3rd quarter worth $1,465,000. Crossmark Global Holdings Inc. grew its stake in shares of Intuit by 15.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after buying an additional 6,503 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Intuit by 50.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after buying an additional 10,661 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vasant M. Prabhu purchased 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the purchase, the director owned 1,250 shares in the company, valued at $386,812.50. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 2.49% of the stock is currently owned by insiders.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America reportedly reinstated a Buy rating on Intuit, which can help support sentiment and signal that Wall Street still sees long-term value in the shares.
• Positive Sentiment: Intuit expanded Mailchimp AI tools and integrations, including Analytics AI and connections with platforms like Shopify, Canva, Wix, WooCommerce, and Claude, reinforcing the company’s AI growth narrative and small-business software momentum. Article: Intuit Expands Mailchimp AI Tools And Integrations For Small Business Growth
• Positive Sentiment: Commentary highlighting how Intuit is overcoming fears of AI disruption may reassure investors that AI is acting more as a tailwind than a threat to its core software franchises. Article: Here’s How Intuit (INTU) is Overcoming the Fears of AI Disruption
• Neutral Sentiment: Articles comparing Intuit vs. PayPal frame INTU as a strong fintech/software contender, but they are more of an industry comparison than a direct catalyst. Article: Intuit vs. PayPal: Which Fintech Stock Is the Better Buy Now?
• Neutral Sentiment: Intuit is also getting more analyst and investor attention after its earnings call and recent coverage, but these items mainly keep the stock in focus rather than changing the fundamental story.
• Negative Sentiment: Multiple law firms and a securities-fraud investigation were announced, alleging possible pricing-related issues and false or misleading statements. That legal pressure could weigh on the shares and keep volatility elevated. Article: INTU Securities News: Intuit Investigated for Securities Fraud Over Pricing Issues
• Negative Sentiment: Argus lowered its price target on Intuit to $480 from $580 after the company reduced guidance, suggesting some near-term caution despite keeping a Buy rating.

Wall Street Analyst Weigh In

A number of equities analysts have commented on INTU shares. The Goldman Sachs Group dropped their price objective on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Susquehanna dropped their price objective on shares of Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research note on Friday, May 22nd. TD Cowen dropped their price objective on shares of Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Oppenheimer dropped their price objective on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Guggenheim set a $633.00 price objective on shares of Intuit in a research note on Monday, March 16th. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average price target of $525.65.

Intuit Price Performance

INTU stock opened at $331.53 on Friday. Intuit Inc. has a 12 month low of $300.50 and a 12 month high of $813.70. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $390.41 and a 200 day moving average price of $498.50. The stock has a market cap of $90.69 billion, a PE ratio of 20.08, a P/E/G ratio of 1.18 and a beta of 1.04.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the previous year, the company earned $11.65 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts anticipate that Intuit Inc. will post 17.6 earnings per share for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. Intuit’s payout ratio is currently 29.07%.

Intuit Company 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.