Sandeep Aujla Sells 1,335 Shares of Intuit (NASDAQ:INTU) Stock

Intuit Inc. (NASDAQ:INTU) CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the sale, the chief financial officer owned 536 shares of the company’s stock, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Sandeep Aujla also recently made the following trade(s):

• On Friday, December 19th, Sandeep Aujla sold 1,098 shares of Intuit stock. The stock was sold at an average price of $675.00, for a total transaction of $741,150.00.

Intuit Stock Up 2.1%

NASDAQ:INTU traded up $13.36 during trading hours on Tuesday, hitting $647.20. 2,564,074 shares of the stock traded hands, compared to its average volume of 1,551,044. The firm has a 50 day moving average price of $657.56 and a 200 day moving average price of $693.55. The firm has a market cap of $180.10 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 2.60 and a beta of 1.25. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. 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 quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be issued 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 currently 32.81%.

Hedge Funds Weigh In On Intuit

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Intuit in the 2nd quarter worth approximately $3,268,830,000. Alliancebernstein L.P. raised its stake in shares of Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares in the last quarter. Nicholas Hoffman & Company LLC. bought a new position in Intuit in the first quarter worth $785,564,000. Winslow Capital Management LLC acquired a new stake in Intuit during the second quarter worth $782,677,000. Finally, Vanguard Group Inc. increased its holdings in Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after buying an additional 914,024 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Truist Financial started coverage on shares of Intuit in a research report on Tuesday. They set a “buy” rating and a $739.00 price objective on the stock. Independent Research set a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a report on Saturday. Finally, BMO Capital Markets reduced their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $794.92.

About Intuit

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.