Intuit (NASDAQ:INTU) Director Sells $936,564.04 in Stock

Intuit Inc. (NASDAQ:INTU) Director Scott Cook sold 1,402 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Intuit Stock Performance

Shares of INTU stock opened at $629.46 on Monday. The company has a market cap of $175.16 billion, a P/E ratio of 43.03, a PEG ratio of 2.58 and a beta of 1.25. The business has a 50 day moving average of $658.55 and a two-hundred day moving average of $694.40. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results 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 return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $2.50 EPS. The business’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is 32.81%.

Analyst Ratings Changes

INTU has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Wolfe Research decreased their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Evercore ISI restated an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Independent Research set a $875.00 target price on Intuit in a research note on Tuesday, November 18th. Finally, Rothschild & Co Redburn increased their price target on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $796.60.

Institutional Investors Weigh In On Intuit

Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in Intuit by 9.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after buying an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Intuit during the 2nd quarter worth approximately $1,733,000. denkapparat Operations GmbH bought a new position in shares of Intuit during the 2nd quarter worth approximately $830,000. Quadrant Capital Group LLC raised its holdings in shares of Intuit by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock valued at $5,205,000 after purchasing an additional 152 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its position in shares of Intuit by 1.1% in the second quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock worth $32,947,000 after purchasing an additional 442 shares in the last quarter. 83.66% of the stock is currently 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.