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 June 05th, the Representative disclosed that they had sold between $15,001 and $50,000 in Intuit stock on April 16th. The trade occurred in the Representative’s “R.W. ALLEN & ASSOCIATES, INC. > RWA&A – SECURITIES” account.

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

• Sold $15,001 – $50,000 in shares of Procter & Gamble (NYSE:PG) on 4/16/2026.
• Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 4/16/2026.
• Sold $15,001 – $50,000 in shares of Abbott Laboratories (NYSE:ABT) on 4/16/2026.
• Sold $50,001 – $100,000 in shares of Ameriprise Financial (NYSE:AMP) on 4/15/2026.

Intuit Price Performance

Shares of NASDAQ:INTU traded down $11.73 during mid-day trading on Tuesday, reaching $293.78. The stock had a trading volume of 4,916,624 shares, compared to its average volume of 4,251,338. The business’s 50 day moving average price is $375.04 and its 200 day moving average price is $483.11. Intuit Inc. has a 1 year low of $291.18 and a 1 year high of $813.70. The company has a market cap of $80.36 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 1.09 and a beta of 0.98. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter last year, the business posted $11.65 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts expect that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s payout ratio is 29.07%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Guggenheim set a $633.00 target price on shares of Intuit in a report on Monday, March 16th. Weiss Ratings raised shares of Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Oppenheimer decreased their price target on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. BNP Paribas Exane decreased their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Finally, HSBC decreased their price target on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus price target of $514.58.

Institutional Investors Weigh In On Intuit

A number of hedge funds have recently bought and sold shares of the business. GW&K Investment Management LLC lifted its holdings in shares of Intuit by 8.6% in the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after acquiring an additional 16 shares during the last quarter. Cannell & Spears LLC boosted its stake in shares of Intuit by 0.4% during the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after purchasing an additional 16 shares during the period. Betterment LLC grew its holdings in Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. raised its position in Intuit by 4.7% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after purchasing an additional 17 shares during the period. Finally, Value Partners Investments Inc. raised its position in Intuit by 0.4% in the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, Director Vasant M. Prabhu purchased 500 shares of Intuit stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the acquisition, the director owned 1,750 shares in the company, valued at $541,992.50. This represents a 40.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.49% of the stock is owned by company insiders.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: One article highlighted Intuit as a strong growth stock, pointing to its revenue expansion and ongoing business momentum in tax and payments software. Article Title
• Neutral Sentiment: Intuit’s recent investor conference presentation and Q1 recap articles were largely informational, with investors likely using them to benchmark growth and management commentary against peers. Article Title Article Title
• Negative Sentiment: Multiple law firms launched investigations into Intuit over alleged securities fraud and pricing-related claims tied to TurboTax, which can weigh heavily on investor confidence and create overhang risk. Article Title Article Title Article Title
• Negative Sentiment: Coverage also emphasized that Intuit has been one of the worst performers in the Nasdaq 100 this year, reinforcing weak momentum and encouraging “buy the dip” debate rather than clear bullish conviction. Article Title
• Negative Sentiment: Articles noting that Intuit underperformed peers and traded down alongside other software names suggest sector weakness is adding to the stock’s decline. Article Title Article Title

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.