Insider Selling: Intuit (NASDAQ:INTU) Director Sells 338 Shares of Stock

Key Points

• Intuit director Richard Dalzell sold 338 shares on June 11 at an average price of $279.86, totaling about $94,593. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and he still held 12,326 shares afterward.
• INTU shares were down about 2.6% in Thursday trading, with the stock near its 52-week low and well below its 50-day and 200-day moving averages. The company’s stock also saw heavier-than-average trading volume.
• Intuit recently beat quarterly earnings and revenue estimates, reporting EPS of $12.80 versus the expected $12.57 and revenue of $8.56 billion. The company also announced a quarterly dividend of $1.20 per share, payable July 17.

Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Richard Dalzell sold 338 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares of the company's stock, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intuit Stock Down 2.6%

INTU stock traded down $7.31 during midday trading on Thursday, hitting $276.91. The company's stock had a trading volume of 6,114,929 shares, compared to its average volume of 4,285,370. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 52-week low of $273.27 and a 52-week high of $813.70. The firm has a market capitalization of $75.75 billion, a P/E ratio of 16.77, a PEG ratio of 1.08 and a beta of 0.98. The firm has a 50-day simple moving average of $369.69 and a 200-day simple moving average of $478.11.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to analysts' expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm's revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities analysts forecast that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.7%. Intuit's dividend payout ratio (DPR) is 29.07%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Erste Group Bank raised shares of Intuit to a "hold" rating in a report on Monday, April 27th. Wall Street Zen cut shares of Intuit from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. HSBC cut their price objective on shares of Intuit from $897.00 to $707.00 and set a "buy" rating on the stock in a report on Friday, May 22nd. The Goldman Sachs Group cut shares of Intuit from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $519.00 to $276.00 in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group cut their target price on shares of Intuit from $650.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $514.58.

Hedge Funds Weigh In On Intuit

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Positano Wealth Management Ltd purchased a new position in Intuit in the 1st quarter valued at $748,000. Parallel Advisors LLC grew its position in Intuit by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 27,985 shares of the software maker's stock valued at $12,100,000 after buying an additional 1,560 shares during the last quarter. Caerus Investment Advisors LLC grew its position in Intuit by 123.6% in the 1st quarter. Caerus Investment Advisors LLC now owns 995 shares of the software maker's stock valued at $430,000 after buying an additional 550 shares during the last quarter. First Nebraska Trust Co purchased a new position in Intuit in the 1st quarter valued at $5,407,000. Finally, Integrated Investment Consultants LLC boosted its position in shares of Intuit by 11.7% during the 1st quarter. Integrated Investment Consultants LLC now owns 667 shares of the software maker's stock worth $288,000 after purchasing an additional 70 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched new QuickBooks Payroll tools and services in the UK, adding to its small-business product lineup and supporting its international growth strategy. Intuit launches new QuickBooks Payroll tools and services to help UK businesses pay their teams with confidence
• Positive Sentiment: Some analysts and commentators continue to argue the selloff may be overdone, pointing to solid fundamentals and potential deep-value appeal after the stock’s sharp decline. Here’s Why Intuit Inc. (INTU) is One of the Best Deep Value Stocks to Invest in Now
• Neutral Sentiment: Intuit’s Q3 2026 earnings call transcript circulated, keeping investors focused on management’s commentary around growth, margins, and the company’s response to current headwinds. Intuit Reports Q3 2026 Results: Full Earnings Call Transcript
• Neutral Sentiment: Intuit also drew more attention from investors and search activity, which can add volatility but does not by itself change the business outlook. Investors Heavily Search Intuit Inc. (INTU): Here is What You Need to Know
• Negative Sentiment: Two law firms announced investigations into Intuit, including claims tied to pricing issues and possible securities fraud, adding legal overhang after the stock’s recent weakness. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. - INTU
• Negative Sentiment: Market commentary also pointed to skepticism that Intuit can fully monetize AI without disruption to its existing products, especially TurboTax and other core offerings. Intuit (INTU) Slid Amid Market Skepticism Over AI Monetization and Disruption
• Negative Sentiment: Reports that Intuit issued new debt and continued cost cuts and layoffs have reinforced concerns about margin pressure, pricing scrutiny, and the need to defend its AI transition. Intuit (INTU) Is Down 8.8% After Leveraging New Debt Amid AI Shifts And Cost Cuts – Has The Bull Case Changed?

Intuit Company Profile

Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

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