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 Intuit stock traded up $3.09 during trading hours on Tuesday, reaching $766.78. The company's stock had a trading volume of 1,027,309 shares, compared to its average volume of 1,624,096. The company's 50 day simple moving average is $743.99 and its 200 day simple moving average is $650.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a one year low of $532.65 and a one year high of $790.60. The stock has a market cap of $213.89 billion, a P/E ratio of 62.24, a price-to-earnings-growth ratio of 3.39 and a beta of 1.27.

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 (EPS) for the quarter, topping analysts' consensus estimates of $10.89 by $0.76. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The company had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same period last year, the firm posted $9.88 EPS. The company's revenue for the quarter was up 15.1% on a year-over-year basis. As a group, analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 10th were given a $1.04 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.54%. Intuit's payout ratio is currently 33.77%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Pinnacle Financial Partners Inc raised its holdings in Intuit by 3.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after buying an additional 623 shares during the period. Capitolis Liquid Global Markets LLC acquired a new stake in Intuit during the 4th quarter worth approximately $109,988,000. Financial Gravity Asset Management Inc. acquired a new stake in Intuit during the 1st quarter worth approximately $2,285,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Intuit during the 4th quarter worth approximately $237,244,000. Finally, China Universal Asset Management Co. Ltd. raised its holdings in Intuit by 16.2% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 6,905 shares of the software maker's stock worth $4,240,000 after buying an additional 962 shares during the period. Institutional investors own 83.66% of the company's stock.

Insider Buying and Selling

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the transaction, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 279,800 shares of company stock valued at $209,725,054 over the last ninety days. Insiders own 2.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets set a $870.00 price target on shares of Intuit and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Susquehanna reiterated a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. CLSA initiated coverage on shares of Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price on the stock. Finally, Scotiabank upgraded shares of Intuit from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $600.00 to $700.00 in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $800.55.

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.