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 company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $658.84, for a total transaction of $49,413,000.00. Following the sale, the director directly owned 5,893,679 shares in the company, valued at approximately $3,882,991,472.36. The trade was a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Intuit Trading Up 1.0%

Shares of NASDAQ INTU traded up $6.68 during trading hours on Wednesday, hitting $662.43. 1,595,828 shares of the company traded hands, compared to its average volume of 1,827,705. The company’s 50 day moving average price is $657.58 and its 200 day moving average price is $706.11. The stock has a market capitalization of $184.33 billion, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 2.69 and a beta of 1.27. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70.

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 analysts’ consensus estimates of $3.09 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

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

Hedge Funds Weigh In On Intuit

Several large investors have recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit during the 1st quarter worth about $785,564,000. SouthState Corp lifted its stake in Intuit by 15.0% in the 1st quarter. SouthState Corp now owns 667 shares of the software maker’s stock valued at $409,000 after buying an additional 87 shares in the last quarter. Finally, Trillium Asset Management LLC boosted its stake in shares of Intuit by 66.9% in the first quarter. Trillium Asset Management LLC now owns 28,674 shares of the software maker’s stock worth $17,605,000 after acquiring an additional 11,491 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Wells Fargo & Company decreased their price objective on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Rothschild & Co Redburn increased their price objective on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Daiwa Capital Markets boosted their target price 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. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have issued a Hold rating and one has assigned 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.

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.