Richard Dalzell Sells 285 Shares of Intuit (NASDAQ:INTU) Stock

Intuit Inc. (NASDAQ:INTU) Director Richard Dalzell sold 285 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This trade represents a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intuit Stock Down 0.4%

INTU stock opened at $312.77 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $85.56 billion, a PE ratio of 18.96, a PEG ratio of 0.90 and a beta of 0.98. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The stock has a 50-day simple moving average of $320.01 and a two-hundred day simple moving average of $352.29.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities analysts predict that Intuit Inc. will post 23.49 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is 29.09%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Bank of America lowered Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price objective for the company. in a research note on Wednesday, August 26th. Morgan Stanley reduced their target price on Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 26th. Rothschild & Co Redburn decreased their target price on Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Intuit in a report on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $434.68.

Institutional Investors Weigh In On Intuit

Hedge funds have recently added to or reduced their stakes in the company. XXEC Inc. purchased a new position in shares of Intuit during the 2nd quarter valued at about $436,740,000. California State Teachers Retirement System boosted its stake in Intuit by 25,506.0% in the second quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker’s stock worth $28,277,368,000 after buying an additional 107,919,292 shares in the last quarter. BlackRock Inc. bought a new position in Intuit during the second quarter valued at approximately $6,851,859,000. State Street Corp grew its position in Intuit by 1.4% during the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after acquiring an additional 180,069 shares during the last quarter. Finally, Corient Private Wealth LP purchased a new position in shares of Intuit during the second quarter worth approximately $40,545,000. Institutional investors own 83.66% of the company’s stock.

Intuit Company Profile

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.