Insider Selling: Intuit (NASDAQ:INTU) Director Sells $48,590,019.10 in Stock

Intuit Inc. (NASDAQ:INTU) Director Scott Cook sold 74,095 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $655.78, for a total value of $48,590,019.10. Following the completion of the sale, the director directly owned 5,819,584 shares in the company, valued at approximately $3,816,366,795.52. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Intuit Price Performance

INTU opened at $670.92 on Friday. The firm has a market cap of $186.70 billion, a PE ratio of 45.86, a P/E/G ratio of 2.77 and a beta of 1.27. The stock has a 50-day moving average price of $656.94 and a 200-day moving average price of $705.25. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. Intuit’s revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts predict 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 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 is 32.81%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 target price on shares of Intuit in a report on Friday, November 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their price target on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Barclays reduced their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $798.20.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after acquiring an additional 1,350 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. bought a new position in Intuit during the first quarter valued at $785,564,000. SouthState Corp grew its position in Intuit by 15.0% in the first quarter. SouthState Corp now owns 667 shares of the software maker’s stock worth $409,000 after acquiring an additional 87 shares in the last quarter. Finally, Trillium Asset Management LLC boosted its holdings in shares of Intuit by 66.9% in the 1st quarter. Trillium Asset Management LLC now owns 28,674 shares of the software maker’s stock worth $17,605,000 after purchasing an additional 11,491 shares during the period. Institutional investors 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.