Sen. Markwayne Mullin Purchases Shares of Intuit Inc. (NASDAQ:INTU)

Key Points

• Senator Markwayne Mullin acquired Intuit Inc. (NASDAQ:INTU) shares worth between $15,001 and $50,000 on September 24th, as disclosed in a filing on October 1st.
• Intuit's recent quarterly earnings reported a 20.3% year-over-year revenue growth with an EPS of $2.75, surpassing analysts’ expectations.
• The company plans to increase its quarterly dividend from $1.04 to $1.20, with payment scheduled for October 17th.

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Intuit Inc. NASDAQ: INTU. In a filing disclosed on October 01st, the Senator disclosed that they had bought between $15,001 and $50,000 in Intuit stock on September 24th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Intuitive Surgical NASDAQ: ISRG on 9/24/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 9/24/2025.
• Sold $15,001 - $50,000 in shares of Accenture NYSE: ACN on 9/24/2025.
• Sold $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 9/24/2025.
• Sold $15,001 - $50,000 in shares of iShares U.S. Healthcare Providers ETF NYSEARCA: IHF on 9/24/2025.
• Sold $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 9/24/2025.
• Purchased $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 9/24/2025.
• Sold $15,001 - $50,000 in shares of Wabtec NYSE: WAB on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Wabtec NYSE: WAB on 9/23/2025.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 8/1/2025.

Intuit Trading Down 0.5%

Shares of NASDAQ:INTU opened at $679.50 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The stock has a market cap of $189.44 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 2.64 and a beta of 1.25. The business has a 50-day moving average price of $705.06 and a 200-day moving average price of $690.39.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the firm earned $1.99 earnings per share. Intuit's revenue for the quarter 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. Equities analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup reduced their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. BMO Capital Markets lifted their price objective on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Royal Bank Of Canada restated an "outperform" rating and issued a $850.00 target price on shares of Intuit in a research note on Tuesday, September 2nd. Rothschild & Co Redburn lifted their price target on Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. Finally, CLSA began coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $791.82.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares of the company's stock, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,785 shares of company stock valued at $2,029,299 in the last 90 days. Corporate insiders own 2.68% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INTU. Norges Bank acquired a new position in Intuit during the second quarter worth $3,268,830,000. Nuveen LLC purchased a new stake in shares of Intuit during the first quarter worth about $882,031,000. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit during the 1st quarter worth about $785,564,000. Winslow Capital Management LLC purchased a new position in Intuit in the 2nd quarter valued at about $782,677,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after buying an additional 649,212 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.