Harfst & Associates Inc. Trims Position in Intuit Inc. $INTU

Harfst & Associates Inc. reduced its position in Intuit Inc. (NASDAQ:INTU) by 16.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,765 shares of the software maker’s stock after selling 723 shares during the period. Intuit comprises approximately 0.6% of Harfst & Associates Inc.’s holdings, making the stock its 22nd biggest holding. Harfst & Associates Inc.’s holdings in Intuit were worth $2,966,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Nuveen LLC acquired a new position in Intuit in the first quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit during the first quarter worth approximately $785,564,000. Price T Rowe Associates Inc. MD raised its stake in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after acquiring an additional 649,212 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Intuit by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after acquiring an additional 377,657 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after purchasing an additional 358,328 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,836 shares of company stock valued at $1,235,203. 2.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research report on Friday, November 21st. Rothschild & Co Redburn increased their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Independent Research set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Finally, Wells Fargo & Company dropped their price target on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $798.20.

Intuit Trading Down 2.9%

NASDAQ:INTU opened at $629.13 on Thursday. The company has a market cap of $175.15 billion, a PE ratio of 45.79, a P/E/G ratio of 2.53 and a beta of 1.25. The business’s 50 day moving average is $665.60 and its two-hundred day moving average is $707.22. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.25. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be given a dividend of $1.20 per share. The ex-dividend date is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.8%. Intuit’s payout ratio is currently 32.81%.

Intuit Profile

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.