Harel Insurance Investments & Financial Services Ltd. Grows Position in Intuit Inc. $INTU

Harel Insurance Investments & Financial Services Ltd. increased its position in Intuit Inc. (NASDAQ:INTU) by 98.7% in the second quarter, HoldingsChannel reports. The firm owned 3,193 shares of the software maker’s stock after purchasing an additional 1,586 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Intuit were worth $2,515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Intuit by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock valued at $16,780,536,000 after purchasing an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Intuit by 7.8% during the first 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 buying an additional 649,212 shares during the last quarter. Wellington Management Group LLP raised its stake in Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after buying an additional 358,328 shares during the last quarter. Brown Advisory Inc. raised its stake in Intuit by 7.9% during the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock valued at $2,114,950,000 after buying an additional 252,265 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after buying an additional 36,513 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,407 shares of company stock valued at $1,614,913 over the last 90 days. Company insiders own 2.68% of the company’s stock.

Intuit Stock Up 1.7%

Intuit stock opened at $667.55 on Friday. The firm has a market cap of $186.11 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 2.53 and a beta of 1.25. The stock has a fifty day simple moving average of $669.06 and a two-hundred day simple moving average of $702.52. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the company posted $1.99 earnings per share. Intuit’s revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s dividend payout ratio is presently 34.93%.

Analyst Ratings Changes

A number of research analysts have issued reports on INTU shares. BMO Capital Markets lifted their price objective on Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Bank of America lowered their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Stifel Nicolaus lowered their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Oppenheimer lifted their price objective on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, KeyCorp lowered their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

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.