Intuit (NASDAQ:INTU) Director Scott Cook Sells 75,000 Shares of Stock

Intuit Inc. (NASDAQ:INTU) Director Scott Cook sold 75,000 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $658.84, for a total value of $49,413,000.00. Following the sale, the director directly owned 5,893,679 shares in the company, valued at $3,882,991,472.36. This trade represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Intuit Trading Up 1.0%

INTU opened at $662.43 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market cap of $184.33 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 2.69 and a beta of 1.27. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The stock has a fifty day moving average price of $657.24 and a 200-day moving average price of $705.80.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s payout ratio is 32.81%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Independent Research set a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. Stifel Nicolaus decreased their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Citigroup dropped their target price on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Finally, Zacks Research cut Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $798.20.

Hedge Funds Weigh In On Intuit

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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. increased its holdings in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares during the period. Dogwood Wealth Management LLC increased its holdings in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after buying an additional 19 shares during the period. Sagard Holdings Management Inc. purchased a new position in Intuit during the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC lifted its stake in Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

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.