Intuit (NASDAQ:INTU) Shares Unloaded Rep. Rick W. Allen

Representative Rick W. Allen (Republican-Georgia) recently sold shares of Intuit Inc. (NASDAQ:INTU). In a filing disclosed on June 05th, the Representative disclosed that they had sold between $15,001 and $50,000 in Intuit stock on April 16th. The trade occurred in the Representative’s “R.W. ALLEN & ASSOCIATES, INC. > RWA&A – SECURITIES” account.

Representative Rick W. Allen also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Procter & Gamble (NYSE:PG) on 4/16/2026.
• Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 4/16/2026.
• Sold $15,001 – $50,000 in shares of Abbott Laboratories (NYSE:ABT) on 4/16/2026.
• Sold $50,001 – $100,000 in shares of Ameriprise Financial (NYSE:AMP) on 4/15/2026.

Intuit Price Performance

INTU traded down $9.57 on Wednesday, hitting $284.21. 6,143,273 shares of the stock were exchanged, compared to its average volume of 4,268,376. Intuit Inc. has a 12 month low of $281.93 and a 12 month high of $813.70. The business has a 50-day moving average of $372.58 and a two-hundred day moving average of $480.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $77.74 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.12 and a beta of 0.98.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping 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 business had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the prior year, the business posted $11.65 earnings per share. Intuit’s revenue 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. Sell-side analysts forecast that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.7%. Intuit’s dividend payout ratio is currently 29.07%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Several recent articles argue the selloff may have gone too far, with one piece calling the decline a “golden buying opportunity” and another saying a DCF model values Intuit far above current levels, suggesting long-term fundamentals could still be intact. Article Title
• Positive Sentiment: Commentary highlighting Intuit as a strong growth stock and one of the lower P/E names in the S&P 500 may help reassure investors that the business still has earnings quality and valuation support. Article Title
• Neutral Sentiment: Intuit’s presentations at recent investor and technology conferences suggest management is actively communicating strategy, including AI-related product efforts and efficiency initiatives, but these updates appear to be more about execution than a new catalyst. Article Title
• Neutral Sentiment: The company’s recent debt issuance and product updates, including Mailchimp Analytics AI, show it is funding operations and investing in AI, but the news also underscores ongoing pressure to adapt its pricing and product mix. Article Title
• Negative Sentiment: Law firms have launched multiple securities-fraud investigations tied to Intuit’s pricing disclosures, especially around TurboTax and “pricing issues,” which is weighing on investor confidence and adding legal overhang. Article Title
• Negative Sentiment: Broader articles note Intuit has been one of the worst performers in the Nasdaq 100 this year, reflecting ongoing concerns about competition, pricing scrutiny, and the impact of AI shifts on its core tax and fintech franchises. Article Title

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Argus cut their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Stifel Nicolaus cut their price objective on shares of Intuit from $500.00 to $375.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. JPMorgan Chase & Co. cut their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, HSBC dropped their target price on shares of Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Twenty-four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $514.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Intuit by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after acquiring an additional 296,448 shares during the last quarter. State Street Corp raised its holdings in Intuit by 1.4% in the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after buying an additional 180,069 shares during the last quarter. Geode Capital Management LLC raised its holdings in Intuit by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock valued at $4,369,488,000 after buying an additional 87,451 shares during the last quarter. Morgan Stanley raised its holdings in Intuit by 1.2% in the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock valued at $3,378,912,000 after buying an additional 60,910 shares during the last quarter. Finally, Norges Bank bought a new position in Intuit in the 4th quarter valued at approximately $3,058,407,000. 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 the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vasant M. Prabhu acquired 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the acquisition, the director owned 1,250 shares in the company, valued at $386,812.50. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.49% of the stock is owned by company insiders.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia’s 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia’s 12th Congressional District. He won in the general election on November 5, 2024.

Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction.

After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

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.