Intuit (NASDAQ:INTU) Director Richard Dalzell Sells 284 Shares

Key Points

• Intuit director Richard Dalzell sold 284 shares on June 23 at an average price of $262.32, totaling about $74,499. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and his ownership fell 2.36% to 11,758 shares.
• INTU shares rose 1.6% in mid-day trading to $262.08, with volume running above average. The stock still sits far below its 52-week high of $813.70, though its market cap remains about $71.69 billion.
• Intuit recently beat quarterly earnings expectations, reporting $12.80 EPS on $8.56 billion in revenue, while also issuing quarterly dividend guidance of $1.20 per share. Analysts currently have a Moderate Buy consensus, despite several recent target cuts.

Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Richard Dalzell sold 284 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the transaction, the director owned 11,758 shares of the company's stock, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intuit Stock Up 1.6%

NASDAQ:INTU traded up $4.03 during mid-day trading on Wednesday, hitting $262.08. 5,176,317 shares of the company's stock were exchanged, compared to its average volume of 4,392,948. The company has a market cap of $71.69 billion, a PE ratio of 15.87, a P/E/G ratio of 0.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a one year low of $252.84 and a one year high of $813.70. The business has a fifty day moving average price of $345.73 and a 200 day moving average price of $454.62.

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

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Intuit's payout ratio is presently 29.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Freedom Capital cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Intuit from $600.00 to $530.00 and set a "buy" rating on the stock in a research note on Thursday, May 21st. Bank of America assumed coverage on shares of Intuit in a research report on Wednesday, May 27th. They set a "buy" rating and a $400.00 price objective on the stock. Evercore reduced their price objective on shares of Intuit from $540.00 to $400.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Finally, Stifel Nicolaus reaffirmed a "hold" rating and issued a $275.00 target price (down from $375.00) on shares of Intuit in a report on Wednesday, June 17th. Twenty-three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $511.35.

Institutional Investors Weigh In On Intuit

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC lifted its position in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC grew its position in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after purchasing an additional 482 shares during the period. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit during the 1st quarter valued at $785,564,000. Sivia Capital Partners LLC raised its stake in Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock valued at $698,000 after buying an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC lifted its holdings in shares of Intuit by 12.2% during the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock valued at $370,000 after buying an additional 51 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

About Intuit

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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