Intuit (NASDAQ:INTU) Director Sells 333 Shares

Key Points

• Director Sale: Intuit Director Richard Dalzell sold 333 shares at an average price of $661.15, totaling approximately $220,163, which reduced his ownership by 2.25%.
• Earnings Report: Intuit reported $3.83 billion in revenue and $2.75 earnings per share for the most recent quarter, exceeding expectations and reflecting a year-over-year revenue increase of 20.3%.
• Dividend Increase: The company announced an increased quarterly dividend of $1.20, up from $1.04, set to be paid on October 17th to shareholders of record as of October 9th.

Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Richard Dalzell sold 333 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Intuit Stock Performance

NASDAQ:INTU traded up $4.26 during trading hours on Thursday, reaching $660.52. 2,200,236 shares of the company's stock were exchanged, compared to its average volume of 2,105,275. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $184.15 billion, a price-to-earnings ratio of 42.95, a P/E/G ratio of 2.53 and a beta of 1.26. The company has a 50-day moving average of $730.66 and a 200 day moving average of $681.80.

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 company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the business posted $1.99 EPS. The company'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. Research analysts anticipate that Intuit Inc. will post 14.09 EPS 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 paid a $1.20 dividend. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit's dividend payout ratio (DPR) is 30.28%.

Hedge Funds Weigh In On Intuit

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC increased its stake in shares of 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 purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker's stock valued at $27,000 after buying an additional 21 shares during the last quarter. Dogwood Wealth Management LLC increased its position in Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after buying an additional 19 shares in the last quarter. Sagard Holdings Management Inc. acquired a new position in shares of Intuit in the second quarter worth $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker's stock worth $29,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Susquehanna reissued a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Bank of America cut their target price on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Barclays dropped their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. CLSA began coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price for the company. Finally, Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus target price 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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