Intuit (NASDAQ:INTU) Director Sells 285 Shares of Stock

Intuit Inc. (NASDAQ:INTU) Director Richard Dalzell sold 285 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director owned 11,531 shares in the company, valued at $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intuit Trading Down 1.6%

Shares of NASDAQ INTU traded down $4.99 during trading on Wednesday, reaching $313.94. The stock had a trading volume of 2,395,220 shares, compared to its average volume of 3,991,679. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. The company has a market cap of $85.88 billion, a P/E ratio of 19.03, a PEG ratio of 0.91 and a beta of 0.98. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The business’s 50-day moving average price is $319.26 and its 200-day moving average price is $352.77.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the company earned $2.75 EPS. Intuit’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities research analysts predict that Intuit Inc. will post 23.49 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. This is a boost from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s dividend payout ratio is currently 29.09%.

Wall Street Analyst Weigh In

INTU has been the subject of a number of research reports. KeyCorp set a $400.00 price objective on shares of Intuit in a report on Wednesday, August 26th. Weiss Ratings lowered shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. BMO Capital Markets reissued an “outperform” rating on shares of Intuit in a research report on Wednesday, August 26th. UBS Group set a $370.00 price target on shares of Intuit in a research note on Thursday, August 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $434.68.

Hedge Funds Weigh In On Intuit

Several large investors have recently bought and sold shares of the business. XXEC Inc. purchased a new stake in Intuit during the 2nd quarter worth about $436,740,000. California State Teachers Retirement System increased its holdings in shares of Intuit by 25,506.0% in the 2nd quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker’s stock valued at $28,277,368,000 after acquiring an additional 107,919,292 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Intuit in the 2nd quarter valued at about $6,851,859,000. Corient Private Wealth LP acquired a new stake in shares of Intuit during the 2nd quarter worth about $40,545,000. Finally, Norges Bank acquired a new stake in shares of Intuit during the 4th quarter worth about $3,058,407,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.