Insider Selling: Intuit (NASDAQ:INTU) Director Sells $74,498.88 in Stock

Intuit Inc. (NASDAQ:INTU) Director Richard Dalzell sold 284 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intuit Stock Performance

NASDAQ:INTU traded up $4.03 on Wednesday, hitting $262.08. The stock had a trading volume of 5,176,317 shares, compared to its average volume of 4,392,948. The business’s 50-day simple moving average is $345.73 and its two-hundred day simple moving average is $454.62. The stock has a market cap of $71.69 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $8.54 billion. During the same quarter in the prior year, the firm earned $11.65 EPS. The business’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. As a group, research analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is currently 29.07%.

Institutional Investors Weigh In On Intuit

Several institutional investors have recently modified their holdings of INTU. Brighton Jones LLC increased its position in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. bought a new stake in Intuit in the first quarter worth $785,564,000. Sivia Capital Partners LLC boosted its stake in Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after buying an additional 166 shares during the period. Finally, Florida Financial Advisors LLC increased its position in Intuit by 12.2% during the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after acquiring an additional 51 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Mizuho dropped their price objective on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Tuesday, May 26th. Citigroup lowered their target price on Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Wolfe Research reissued an “outperform” rating and issued a $400.00 target price on shares of Intuit in a report on Thursday, May 21st. Scotiabank set a $575.00 price target on shares of Intuit in a research report on Friday, March 6th. Finally, Bank of America assumed coverage on shares of Intuit in a research report on Wednesday, May 27th. They set a “buy” rating and a $400.00 price objective for the company. Twenty-three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have 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 an average price target of $511.35.

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.