Intuit Inc. (INTU) To Go Ex-Dividend on January 9th

Intuit Inc. (NASDAQ:INTU) announced a quarterly dividend on Tuesday, November 18th. Shareholders of record on Friday, January 9th will be paid a dividend of 1.20 per share by the software maker on Friday, January 16th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th.

Intuit has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 13 years. Intuit has a payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Intuit to earn $16.04 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 29.9%.

Intuit Stock Up 2.1%

NASDAQ INTU opened at $647.20 on Wednesday. The business’s fifty day simple moving average is $656.92 and its 200-day simple moving average is $692.74. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market cap of $180.10 billion, a PE ratio of 44.24, a P/E/G ratio of 2.60 and a beta of 1.25. Intuit has a 52 week low of $532.65 and a 52 week high of $813.70.

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

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of the firm’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 value of $840,329.10. Following the completion of the transaction, the chief financial officer owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the sale, the director directly owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 347,464 shares of company stock worth $228,860,293 in the last ninety days. 2.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intuit

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tortoise Investment Management LLC grew its holdings in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares during the last quarter. Dogwood Wealth Management LLC grew its stake in shares of Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares in the last quarter. Sagard Holdings Management Inc. purchased a new position in Intuit in the second quarter valued at $28,000. Finally, True Wealth Design LLC increased its holdings in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after buying an additional 27 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

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.