Intuit (NASDAQ:INTU) Director Scott Cook Sells 529 Shares

Intuit Inc. (NASDAQ:INTU) Director Scott 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 sale, the director directly owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Intuit Stock Performance

NASDAQ:INTU traded up $2.58 during mid-day trading on Tuesday, hitting $659.54. 3,750,713 shares of the stock were exchanged, compared to its average volume of 1,823,554. The firm’s 50-day simple moving average is $754.86 and its 200 day simple moving average is $676.08. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36. The stock has a market capitalization of $183.98 billion, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 2.55 and a beta of 1.28.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is presently 30.28%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INTU shares. CLSA started coverage on Intuit in a research report on Thursday, June 26th. They set an “outperform” rating and a $900.00 price objective on the stock. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an “overweight” rating in a research report on Friday, June 13th. Zacks Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Bank of America reduced their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $825.00 price target (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $797.62.

Institutional Investors Weigh In On Intuit

Several institutional investors and hedge funds have recently made changes to their positions in the business. Tortoise Investment Management LLC raised its stake in shares of Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares during the last quarter. Dogwood Wealth Management LLC raised its stake in shares of Intuit by 111.8% in the second 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. Sagard Holdings Management Inc. purchased a new stake in shares of Intuit in the second quarter worth approximately $28,000. Finally, True Wealth Design LLC raised its stake in shares of Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

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.