Insider Selling: Intuit (NASDAQ:INTU) Director Sells $92,727.60 in Stock

Key Points

• Intuit director Richard Dalzell sold 285 shares for approximately $92,728 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 2.41% to 11,531 shares.
• Intuit shares fell to $313.94, while the company reported stronger-than-expected quarterly results: adjusted EPS of $4.03 and revenue of $4.35 billion, up 13.7% year over year.
• Intuit raised its quarterly dividend to $1.38 per share, or $5.52 annualized, producing a 1.8% yield; analysts’ consensus rating was “Hold” with an average price target of $434.68.

Intuit Inc. (NASDAQ:INTU - Get Free Report) 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 represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intuit Stock Performance

Shares of INTU stock traded down $4.99 on Wednesday, hitting $313.94. The company had a trading volume of 2,395,220 shares, compared to its average volume of 3,991,679. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. 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 cap of $85.88 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98. The company has a 50-day moving average price of $319.26 and a 200-day moving average price of $352.77.

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

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend 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 dividend payout ratio is currently 29.09%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. XXEC Inc. purchased a new position in Intuit during the second quarter worth about $436,740,000. California State Teachers Retirement System increased its stake in Intuit by 25,506.0% during 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 acquiring an additional 107,919,292 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Intuit during the 2nd quarter worth $6,851,859,000. State Street Corp increased its position in shares of Intuit by 1.4% during the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker's stock worth $8,653,092,000 after purchasing an additional 180,069 shares during the last quarter. Finally, Corient Private Wealth LP purchased a new stake in Intuit in the 2nd quarter valued at about $40,545,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTU. Stifel Nicolaus set a $300.00 price target on shares of Intuit in a report on Wednesday, August 26th. Morgan Stanley decreased their price objective on shares of Intuit from $335.00 to $315.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 26th. Jefferies Financial Group reduced their price target on shares of Intuit from $550.00 to $500.00 and set a "buy" rating for the company in a research report on Sunday, August 23rd. JPMorgan Chase & Co. cut Intuit from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $605.00 to $331.00 in a report on Wednesday, August 26th. Finally, Oppenheimer cut their price objective on Intuit from $406.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, August 26th. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $434.68.

About Intuit

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.

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