Rep. Rick W. Allen Purchases Shares of Intuit Inc. (NASDAQ:INTU)

Representative Rick W. Allen (R-Georgia) recently bought shares of Intuit Inc. NASDAQ: INTU. In a filing disclosed on July 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Intuit stock on June 20th. The trade occurred in the Representative's "R.W. ALLEN & ASSOCIATES, INC." account.

Representative Rick W. Allen also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Thermo Fisher Scientific NYSE: TMO on 5/16/2025.
• Purchased $15,001 - $50,000 in shares of Netflix NASDAQ: NFLX on 5/16/2025.

Intuit Stock Performance

Shares of INTU stock traded down $2.74 during midday trading on Friday, hitting $752.63. The company had a trading volume of 1,504,966 shares, compared to its average volume of 1,624,458. The company's 50 day simple moving average is $743.99 and its 200 day simple moving average is $650.62. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $790.60. The stock has a market cap of $209.95 billion, a price-to-earnings ratio of 61.09, a PEG ratio of 3.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, beating analysts' consensus estimates of $10.89 by $0.76. Intuit had a return on equity of 21.46% and a net margin of 19.07%. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the previous year, the business earned $9.88 earnings per share. The company's revenue for the quarter was up 15.1% compared to the same quarter last year. Research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 10th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.55%. Intuit's dividend payout ratio (DPR) is currently 33.77%.

Institutional Investors Weigh In On Intuit

A number of hedge funds have recently bought and sold shares of INTU. Copia Wealth Management purchased a new stake in Intuit during the 4th quarter worth approximately $25,000. Summit Securities Group LLC purchased a new stake in Intuit during the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new stake in Intuit during the 4th quarter worth approximately $28,000. Dogwood Wealth Management LLC increased its holdings in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after purchasing an additional 19 shares during the last quarter. Finally, Vista Cima Wealth Management LLC purchased a new stake in Intuit during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on INTU. Wells Fargo & Company set a $880.00 target price on Intuit and gave the company an "overweight" rating in a report on Friday, June 13th. HSBC raised Intuit from a "hold" rating to a "buy" rating and set a $699.00 target price on the stock in a report on Wednesday, April 23rd. Wall Street Zen raised Intuit from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Susquehanna reaffirmed a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average price target of $800.55.

Insider Activity at Intuit

In other news, EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lauren D. Hotz sold 1,738 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $784.09, for a total value of $1,362,748.42. Following the completion of the sale, the chief accounting officer owned 455 shares of the company's stock, valued at $356,760.95. This trade represents a 79.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 279,800 shares of company stock worth $209,725,054 over the last ninety days. Company insiders own 2.68% of the company's stock.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia's 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia's 12th Congressional District. He won in the general election on November 5, 2024. Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction. After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

Intuit Company Profile

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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