Intuit (NASDAQ:INTU) Director Sells $222,880.23 in Stock

Key Points

• Intuit Director Richard Dalzell sold 333 shares of the company's stock for a total of $222,880.23, resulting in a 2.15% decrease in his ownership.
• Intuit announced a quarterly dividend of $1.20, an increase from the previous $1.04, with a payout ratio of 30.28% and a dividend yield of 0.7%.
• The company's stock is currently rated with a consensus “Moderate Buy” and analysts have set a price target averaging around $797.62.

Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Richard Dalzell sold 333 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $669.31, for a total value of $222,880.23. Following the completion of the sale, the director owned 15,141 shares of the company's stock, valued at $10,134,022.71. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Intuit Price Performance

Shares of INTU stock traded up $4.26 during mid-day trading on Thursday, hitting $660.52. 2,200,236 shares of the stock traded hands, compared to its average volume of 2,105,275. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company's 50-day simple moving average is $730.66 and its 200-day simple moving average is $681.80. The firm has a market cap of $184.15 billion, a price-to-earnings ratio of 42.95, a price-to-earnings-growth ratio of 2.53 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the business posted $1.99 earnings per share. The company's quarterly 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 expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

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

Institutional Investors Weigh In On Intuit

Several institutional investors and hedge funds have recently bought and sold shares of INTU. KMG Fiduciary Partners LLC increased its stake in Intuit by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker's stock valued at $607,000 after acquiring an additional 14 shares during the period. Pinnacle Bancorp Inc. lifted its stake in Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker's stock worth $296,000 after purchasing an additional 14 shares during the period. Weaver Capital Management LLC boosted its holdings in Intuit by 1.3% during the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker's stock valued at $888,000 after purchasing an additional 14 shares in the last quarter. May Hill Capital LLC grew its stake in shares of Intuit by 4.2% in the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker's stock valued at $272,000 after purchasing an additional 14 shares during the period. Finally, Peloton Wealth Strategists raised its holdings in shares of Intuit by 0.3% in the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock worth $2,710,000 after buying an additional 15 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INTU. Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. The Goldman Sachs Group boosted their price target on Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research note on Monday, May 19th. BMO Capital Markets upped their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Stifel Nicolaus decreased their target price on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the company an "overweight" rating in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

About Intuit

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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