Harvest Portfolios Group Inc. boosted its stake in Intuit Inc. (INTU) by 4.2% in the first quarter, according to its latest Securities and Exchange Commission filing. The investor now holds 40,837 shares of the software maker, up from the previous quarter, with a value of about $25.07 million.
Several other institutions also added to or trimmed their Intuit positions in the period. Invesco Ltd. increased its stake by 1.2% to more than 3 million shares, valued at roughly $1.89 billion. Charles Schwab Investment Management Inc. raised its holding by 4.7% to about 1.84 million shares, worth around $1.13 billion. Pinnacle Financial Partners expanded its position by 3.6% to 17,789 shares, valued at about $10.92 million. Circle Wealth Management LLC grew its stake by 33.4% to 3,451 shares, worth about $2.12 million. Capitolis Liquid Global Markets LLC opened a new position in Intuit in the fourth quarter, valued at about $109.99 million. Overall, institutional investors own roughly 83.66% of Intuit’s stock.
Insiders have been active as well. Chief Financial Officer Sandeep Aujla sold 2,591 shares on July 3, at an average price of $782.22, reducing his holding to 768 shares valued at about $600,745. EVP Alex G. Balazs sold 1,459 shares on June 5, at an average price of $770.80. In total, insiders have sold 107,817 shares over the last 90 days, representing a 2.68% stake in the company.
Intuit’s stock traded up mid-session, with the price at $668.20 after gaining about $5.03 on the day with a volume around 2.07 million shares. The shares have traded in a 52-week range of $532.65 to $813.70. The company carries a debt-to-equity ratio of 0.30, a quick ratio of 1.45, and a current ratio of 1.36. Its market capitalization stands near $186.4 billion, with a price-earnings ratio of 48.63, a price-to-earnings-growth ratio of 2.60, and a beta of 1.28. The stock’s 50-day moving average is $749.19 and the 200-day moving average is $676.44.
Intuit last reported earnings on August 21, posting $2.75 per share for the quarter, ahead of estimates of $2.66. Revenue reached $3.83 billion, versus expectations of $3.75 billion. The company showed a return on equity of 22.72% and a net margin of 20.55%, with revenue up about 20.3% year over year. The company provided guidance for fiscal 2026 with Q1 2026 earnings per share in the range of $3.05 to $3.12 and full-year guidance of $22.98 to $23.18 per share. Analysts’ consensus previously expected about $14.09 per share for the current year, reflecting the market’s ongoing coverage of Intuit’s long-term growth trajectory.
Intuit also announced a quarterly dividend increase to $1.20 per share from $1.04, payable on October 17 to stockholders of record as of October 9. The ex-dividend date is October 9, and the dividend yield sits around 0.7%. The payout ratio is about 30.28%.
Analyst sentiment remains broadly positive. Piper Sandler reaffirmed an overweight rating with a price target of $825 (up from $785). Royal Bank of Canada kept an outperform rating with a $850 target. Citi trimmed its target to $803 while maintaining a buy rating, and Stifel Nicolaus lowered its price target to $800 with a buy rating. Morgan Stanley reduced its target to $880 but maintained an overweight stance. Overall, the consensus from analysts tracked by MarketBeat is a Moderate Buy with a blended price target around $798.
Intuit, known for its financial management and compliance solutions, operates four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax, serving users in the United States, Canada, and internationally.
Investors should note that while insider selling has been notable, Intuit’s recent quarterly results exceeded expectations, and the company has increased its dividend, signaling confidence in ongoing profitability and cash generation. The combination of strong earnings, strategic growth drivers, and a supportive dividend backdrop could offer upside potential for patient investors in the coming quarters. If you’re weighing positions, the stock’s current price near the mid-$600s to low-$700s area sits below its 50-day and above its 200-day moving averages, suggesting a mixed but potentially constructive technical setup alongside solid fundamentals.