Harvest Fund Management Co. Ltd Buys 6,767 Shares of Intuit Inc. $INTU

Harvest Fund Management Co. Ltd lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 37.2% in the fourth quarter, Holdings Channel reports. The fund owned 24,982 shares of the software maker’s stock after purchasing an additional 6,767 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Intuit were worth $16,548,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. GW&K Investment Management LLC lifted its holdings in shares of Intuit by 8.6% in the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock valued at $138,000 after acquiring an additional 16 shares during the last quarter. Cannell & Spears LLC lifted its holdings in shares of Intuit by 0.4% in the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock valued at $2,641,000 after acquiring an additional 16 shares during the last quarter. Betterment LLC lifted its holdings in shares of Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after acquiring an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. lifted its holdings in shares of Intuit by 4.7% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock valued at $257,000 after acquiring an additional 17 shares during the last quarter. Finally, Value Partners Investments Inc. lifted its holdings in shares of Intuit by 0.4% in the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on INTU shares. Northcoast Research lowered their price target on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Barclays decreased their price objective on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. JPMorgan Chase & Co. decreased their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Freedom Capital downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Rothschild & Co Redburn decreased their price objective on shares of Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $514.58.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Intuit investors, adding to concerns that the company could face shareholder litigation over its disclosures. Article
• Negative Sentiment: BFA Law and Schall Law both highlighted pending securities-fraud investigations related to Intuit’s pricing claims, reinforcing worries about potential legal overhang and management credibility. Article
• Negative Sentiment: Goldman Sachs reportedly cut Intuit, with one report citing intensifying AI-driven tax competition, which may signal slowing growth and margin pressure ahead. Article
• Neutral Sentiment: Intuit also announced upcoming investor conference presentations by CFO Sandeep Aujla and executive Mark Notarainni, which keeps management visible to the market but is unlikely by itself to move the stock materially. Article
• Neutral Sentiment: Some coverage continued to highlight Intuit as a top-ranked software name, but these pieces were more generic and did not offset the legal and analyst headlines driving sentiment. Article

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $301.86 on Friday. The firm has a market cap of $82.57 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. The firm’s 50 day simple moving average is $380.18 and its 200-day simple moving average is $487.99. Intuit Inc. has a one year low of $300.50 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU) last issued its 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. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities analysts predict that Intuit Inc. will post 18.07 EPS for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity at Intuit

In other Intuit news, Director Vasant M. Prabhu acquired 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the acquisition, the director directly owned 1,250 shares in the company, valued at $386,812.50. This represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.49% of the company’s stock.

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.