Intuit (NASDAQ:INTU) Director Sells $217,588.86 in Stock

Intuit Inc. (NASDAQ:INTU) Director Richard Dalzell sold 333 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $653.42, for a total value of $217,588.86. Following the completion of the transaction, the director directly owned 14,142 shares of the company’s stock, valued at approximately $9,240,665.64. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Intuit Price Performance

INTU traded up $6.68 on Wednesday, hitting $662.43. 1,595,947 shares of the company’s stock were exchanged, compared to its average volume of 1,827,710. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The stock has a market cap of $184.33 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 2.69 and a beta of 1.27. The firm has a 50-day moving average price of $657.58 and a 200-day moving average price of $706.11. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a $1.20 dividend. The ex-dividend date is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s dividend payout ratio is 32.81%.

Institutional Investors Weigh In On Intuit

Institutional investors and hedge funds have recently modified their holdings of the company. Saranac Partners Ltd acquired a new position in Intuit in the 3rd quarter valued at about $454,000. Severin Investments LLC lifted its position in shares of Intuit by 8.0% during the third quarter. Severin Investments LLC now owns 909 shares of the software maker’s stock worth $621,000 after purchasing an additional 67 shares in the last quarter. Groupama Asset Managment boosted its stake in shares of Intuit by 113.9% in the third quarter. Groupama Asset Managment now owns 3,874 shares of the software maker’s stock valued at $2,646,000 after purchasing an additional 2,063 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of Intuit in the third quarter valued at approximately $7,031,000. Finally, Cambria Investment Management L.P. purchased a new stake in Intuit during the 3rd quarter worth approximately $402,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Zacks Research cut Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Bank of America reduced their price target on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. UBS Group lowered their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Wolfe Research cut their price objective on shares of Intuit from $900.00 to $870.00 in a research report on Friday, November 21st. Finally, Evercore ISI reiterated an “outperform” rating and issued a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

About Intuit

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.