Rep. Rick W. Allen Sells Intuit Inc. (NASDAQ:INTU) Stock

Representative Rick W. Allen (Republican-Georgia) recently sold shares of Intuit Inc. (NASDAQ:INTU). In a filing disclosed on March 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Intuit stock on February 19th. The trade occurred in the Representative’s “LIVTR” account.

Representative Rick W. Allen also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 2/19/2026.
• Purchased $1,001 – $15,000 in shares of Kinder Morgan (NYSE:KMI) on 2/19/2026.
• Sold $15,001 – $50,000 in shares of Intuit (NASDAQ:INTU) on 2/18/2026.
• Sold $15,001 – $50,000 in shares of Paychex (NASDAQ:PAYX) on 1/14/2026.
• Sold $50,001 – $100,000 in shares of American Water Works (NYSE:AWK) on 1/14/2026.
• Purchased $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 1/14/2026.
• Purchased $15,001 – $50,000 in shares of Ferguson (NYSE:FERG) on 12/12/2025.
• Sold $1,001 – $15,000 in shares of Netflix (NASDAQ:NFLX) on 12/12/2025.

Intuit Stock Performance

Shares of INTU traded up $8.45 during mid-day trading on Thursday, reaching $455.24. The company’s stock had a trading volume of 2,595,462 shares, compared to its average volume of 4,122,364. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 1-year low of $349.00 and a 1-year high of $813.70. The business has a 50-day simple moving average of $470.83 and a two-hundred day simple moving average of $595.79. The stock has a market cap of $125.90 billion, a P/E ratio of 29.48, a PEG ratio of 1.85 and a beta of 1.26.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the business earned $3.32 EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.1%. Intuit’s dividend payout ratio is currently 31.09%.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Morgan Stanley named Intuit a “Top Pick” and said fiscal Q3 results could be a catalyst by improving visibility into tax-season revenue and growth — a broker-driven endorsement that likely lifted sentiment. Intuit stock rises after Morgan Stanley Top Pick designation
• Positive Sentiment: Management halted planned insider stock sales and increased buybacks, a direct signal of insider confidence and a near-term demand support mechanism for the stock. Intuit steps up share buybacks as leadership halts planned stock sales
• Positive Sentiment: Sell‑side and boutique upgrades continue (BNP Paribas Exane raised its rating), adding to constructive analyst momentum and buy-side interest. Intuit (NASDAQ:INTU) Stock Rating Upgraded by BNP Paribas Exane
• Neutral Sentiment: Coverage pieces and sector lists name INTU among “sales growth” stocks to own for resilience and cash flow, which supports medium‑term narrative but is not an immediate earnings catalyst. 3 Sales Growth Stocks to Bet on Despite Geopolitical Conflicts
• Neutral Sentiment: CEO Sasan Goodarzi gave televised interviews explaining the canceled insider sales and strategy; useful for investor tone-setting but not a fresh fundamental change. Watch CNBC’s full interview with Intuit CEO Sasan Goodarzi
• Negative Sentiment: Intuit’s accelerated exit from QuickBooks Desktop raises churn risk as competitors court stranded desktop users — a tactical headwind to small‑business retention that investors should watch. Intuit Desktop Exit Tests Customer Loyalty As Rivals Court QuickBooks Users

Analysts Set New Price Targets

INTU has been the subject of several research reports. Wells Fargo & Company lowered their price target on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. Daiwa Securities Group decreased their target price on shares of Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. TD Cowen reaffirmed a “buy” rating on shares of Intuit in a report on Monday. Weiss Ratings cut Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets cut their price objective on shares of Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $638.06.

Institutional Trading of Intuit

Several institutional investors have recently added to or reduced their stakes in INTU. Cornerstone Planning LLC acquired a new position in Intuit in the fourth quarter valued at $310,000. Rockefeller Capital Management L.P. boosted its position in shares of Intuit by 8.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 41,613 shares of the software maker’s stock valued at $27,566,000 after purchasing an additional 3,219 shares in the last quarter. Osbon Capital Management LLC acquired a new stake in Intuit during the fourth quarter worth approximately $67,000. World Investment Advisors increased its holdings in Intuit by 26.1% in the fourth quarter. World Investment Advisors now owns 5,818 shares of the software maker’s stock worth $3,854,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Meadowbrook Advisors Group LLC acquired a new position in Intuit in the fourth quarter valued at approximately $488,000. 83.66% of the stock is currently owned by institutional investors.

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the transaction, the director owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction on Monday, January 5th. The stock was 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 in the company, valued at approximately $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 120,501 shares of company stock valued at $79,983,892 in the last ninety days. Insiders own 2.49% of the company’s stock.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia’s 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia’s 12th Congressional District. He won in the general election on November 5, 2024.

Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction.

After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

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.