Insider Selling: Intuit (NASDAQ:INTU) Director Sells 43,868 Shares of Stock

Intuit Inc. (NASDAQ:INTU) Director Scott Cook sold 43,868 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $641.98, for a total value of $28,162,378.64. Following the transaction, the director owned 6,118,679 shares in the company, valued at approximately $3,928,069,544.42. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Intuit Trading Up 1.6%

NASDAQ INTU traded up $10.55 during trading on Friday, hitting $673.63. The stock had a trading volume of 2,356,418 shares, compared to its average volume of 1,830,375. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a market capitalization of $187.45 billion, a PE ratio of 46.04, a PEG ratio of 2.65 and a beta of 1.27. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $659.39 and a 200 day moving average price of $706.04.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm posted $2.50 EPS. The company’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, equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be given a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 32.81%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. BMO Capital Markets dropped their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Stifel Nicolaus cut their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Zacks Research downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average price target of $798.20.

Institutional Investors Weigh In On Intuit

Several large investors have recently added to or reduced their stakes in INTU. Vanguard Group Inc. lifted its position in Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after purchasing an additional 914,024 shares during the period. State Street Corp lifted its position in Intuit by 1.2% in the third quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock worth $8,797,779,000 after buying an additional 158,456 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after acquiring an additional 649,212 shares during the period. Geode Capital Management LLC grew its stake in Intuit by 1.8% in 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 purchasing an additional 115,721 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Intuit by 6.8% during the first 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 period. Institutional investors and hedge funds own 83.66% of the company’s stock.

About Intuit

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.