Insider Selling: Intuit (NASDAQ:INTU) CFO Sells 1,170 Shares of Stock

Key Points

• Sandeep Aujla, CFO of Intuit, sold 1,170 shares at an average price of $677.06, representing a 47.46% decrease in his ownership of the stock.
• Intuit's stock is currently trading at $657.99, down 1.8%, with a market cap of $183.45 billion and a PE ratio of 47.89.
• The company recently declared a quarterly dividend of $1.20 per share, which marks an increase from the previous $1.04 quarterly dividend.

Intuit Inc. (NASDAQ:INTU - Get Free Report) CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares of the company's stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sandeep Aujla also recently made the following trade(s):

• On Monday, August 25th, Sandeep Aujla sold 42 shares of Intuit stock. The shares were sold at an average price of $664.99, for a total value of $27,929.58.

Intuit Stock Down 1.8%

NASDAQ INTU traded down $12.10 during midday trading on Tuesday, hitting $657.99. 1,597,067 shares of the company traded hands, compared to its average volume of 1,854,886. The company has a market cap of $183.45 billion, a PE ratio of 47.89, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The company's 50-day simple moving average is $698.38 and its 200-day simple moving average is $693.21.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the firm posted $1.99 EPS. Intuit's revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is 30.28%.

Analysts Set New Price Targets

A number of brokerages have commented on INTU. Wall Street Zen lowered shares of Intuit from a "buy" rating to a "hold" rating in a report on Saturday. CLSA began coverage on Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective on the stock. Stifel Nicolaus cut their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. Finally, UBS Group lowered their target price on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

Hedge Funds Weigh In On Intuit

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tortoise Investment Management LLC lifted its holdings in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker's stock worth $25,000 after buying an additional 27 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker's stock worth $27,000 after purchasing an additional 21 shares during the period. Dogwood Wealth Management LLC increased its holdings in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after purchasing an additional 19 shares during the last quarter. Sagard Holdings Management Inc. bought a new position in Intuit during the second quarter worth about $28,000. Finally, True Wealth Design LLC increased its position in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker's stock valued at $29,000 after buying an additional 27 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Company Profile

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.

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