Insider Selling: Intuit (NASDAQ:INTU) Director Sells 75,000 Shares of Stock

Intuit Inc. (NASDAQ:INTU) Director Scott Cook sold 75,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $656.43, for a total value of $49,232,250.00. Following the sale, the director directly owned 6,043,679 shares of the company’s stock, valued at $3,967,252,205.97. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intuit Price Performance

Shares of INTU stock traded up $10.55 during trading hours on Friday, hitting $673.63. 2,356,418 shares of the company’s stock were exchanged, compared to its average volume of 1,813,823. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The stock has a market cap of $187.45 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 2.71 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s 50-day moving average is $659.39 and its 200-day moving average is $706.04.

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

Intuit Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Analyst Ratings Changes

INTU has been the topic of a number of recent research reports. BMO Capital Markets reduced their price objective on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Evercore ISI reissued an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Citigroup lowered their price target on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Daiwa Capital Markets increased their price target on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $798.20.

Institutional Trading of Intuit

A number of large investors have recently bought and sold shares of INTU. Vanguard Group Inc. increased its position in shares of Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after acquiring an additional 914,024 shares in the last quarter. State Street Corp raised its stake in shares of Intuit by 1.2% in the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock valued at $8,797,779,000 after purchasing an additional 158,456 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Intuit by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after buying an additional 649,212 shares during the period. Geode Capital Management LLC grew its holdings in shares of Intuit by 1.8% during the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock worth $5,042,107,000 after buying an additional 115,721 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after buying an additional 358,328 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Company Profile

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.