Intuit (NASDAQ:INTU) Director Richard Dalzell Sells 284 Shares

Intuit Inc. (NASDAQ:INTU) Director Richard Dalzell sold 284 shares of Intuit stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $282.20, for a total value of $80,144.80. Following the completion of the transaction, the director directly owned 12,042 shares in the company, valued at $3,398,252.40. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intuit Price Performance

Shares of Intuit stock opened at $269.08 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The business’s 50 day simple moving average is $354.99 and its two-hundred day simple moving average is $465.17. The stock has a market capitalization of $73.60 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98. Intuit Inc. has a one year low of $268.01 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Analysts forecast that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s payout ratio is 29.07%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Intuit by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after acquiring an additional 296,448 shares in the last quarter. State Street Corp raised its position in shares of Intuit by 1.4% in the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after acquiring an additional 180,069 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Intuit by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after acquiring an additional 87,451 shares in the last quarter. Morgan Stanley raised its position in shares of Intuit by 1.2% in the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock worth $3,378,912,000 after acquiring an additional 60,910 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Intuit in the 4th quarter worth approximately $3,058,407,000. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Evercore lowered their price target on Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Oppenheimer lowered their price target on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Guggenheim set a $633.00 price target on Intuit in a research report on Monday, March 16th. Argus lowered their price target on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Finally, Wells Fargo & Company lowered their price target on Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $511.35.

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.