Intuit (NASDAQ:INTU) Director Vasant Prabhu Acquires 500 Shares

Key Points

• Intuit director Vasant Prabhu bought 500 shares at an average price of $309.71 each, boosting his total ownership to 1,750 shares. The purchase was disclosed in an SEC filing and increased his stake by 40%.
• INTU shares have fallen sharply, trading around $304.35 after a recent decline and sitting near their 52-week low of $302.36. The stock is well below its 50-day and 200-day moving averages.
• Intuit beat quarterly earnings estimates, reporting EPS of $12.80 on revenue of $8.56 billion, while also issuing guidance for Q4 2026 and FY 2026. The company also declared a quarterly dividend of $1.20 per share.

Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Vasant Prabhu purchased 500 shares of the stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the acquisition, the director owned 1,750 shares of the company's stock, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Intuit Stock Performance

Shares of NASDAQ:INTU traded down $15.59 during midday trading on Tuesday, reaching $304.35. 9,743,034 shares of the company's stock traded hands, compared to its average volume of 3,994,786. The company has a market cap of $83.25 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.29 and a beta of 1.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.32 and a current ratio of 1.45. Intuit Inc. has a one year low of $302.36 and a one year high of $813.70. The stock has a 50 day moving average of $401.25 and a 200 day moving average of $506.95.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $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 research analysts anticipate that Intuit Inc. will post 17.49 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit's dividend payout ratio is presently 29.07%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Director Vasant M. Prabhu bought 1,750 shares total in two recent transactions at about $309-$310 per share, a sign of insider confidence after the stock’s sharp decline. SEC Form 4 filing
• Positive Sentiment: Multiple analyst-focused pieces argued that INTU remains a long-term value or growth idea, highlighting strong TurboTax demand, TurboTax Live growth, and continued AI-driven product expansion. Zacks article
• Positive Sentiment: TipRanks noted that one analyst still sees substantial upside despite the recent selloff, reinforcing the view that the market may be overly pessimistic on Intuit’s fundamentals. TipRanks article
• Neutral Sentiment: Recent coverage also framed Intuit as a “top value stock” and one of the week’s analyst favorites, which may help sentiment but does not add new company-specific catalysts. Zacks article
• Negative Sentiment: Investor concern appears to be centered on Intuit’s recent pricing issues and a reported 20% stock drop, which triggered shareholder and securities-fraud investigations. PR Newswire investigation notice
• Negative Sentiment: Intuit also filed a notice for mass layoffs in California and Nevada, reinforcing the view that the company is restructuring aggressively while it pivots harder toward AI. AOL article

Analysts Set New Price Targets

A number of research analysts have weighed in on INTU shares. Erste Group Bank raised Intuit to a "hold" rating in a report on Monday, April 27th. The Goldman Sachs Group lowered their target price on Intuit from $720.00 to $519.00 and set a "neutral" rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. lowered their target price on Intuit from $750.00 to $605.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Daiwa Securities Group lowered their target price on Intuit from $800.00 to $640.00 and set a "buy" rating on the stock in a report on Thursday, March 5th. Finally, HSBC lowered their target price on Intuit from $897.00 to $707.00 and set a "buy" rating on the stock in a report on Friday. Twenty-four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $543.06.

Institutional Trading of Intuit

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Intuit by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker's stock worth $19,156,152,000 after buying an additional 296,448 shares in the last quarter. State Street Corp increased its position in Intuit by 1.4% in the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker's stock worth $8,653,092,000 after buying an additional 180,069 shares in the last quarter. Geode Capital Management LLC increased its position in Intuit by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker's stock worth $4,369,488,000 after buying an additional 87,451 shares in the last quarter. Morgan Stanley increased its position in Intuit by 1.2% in the fourth quarter. Morgan Stanley now owns 5,100,857 shares of the software maker's stock worth $3,378,912,000 after buying an additional 60,910 shares in the last quarter. Finally, Norges Bank purchased a new stake in Intuit in the fourth quarter worth about $3,058,407,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

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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