Vasant Prabhu Purchases 500 Shares of Intuit (NASDAQ:INTU) Stock

Intuit Inc. (NASDAQ:INTU) Director Vasant Prabhu purchased 500 shares of Intuit stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $309.71 per share, with a total value of $154,855.00. Following the transaction, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Intuit Stock Performance

INTU traded down $15.59 during midday trading on Tuesday, reaching $304.35. The company had a trading volume of 9,743,034 shares, compared to its average volume of 3,994,786. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average of $401.25 and a two-hundred day moving average of $506.95. The company has a market cap of $83.25 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.29 and a beta of 1.04. Intuit Inc. has a 1 year low of $302.36 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last released its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter last year, the business posted $11.65 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities research analysts predict that Intuit Inc. will post 17.49 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Analysts Set New Price Targets

Several analysts recently issued reports on INTU shares. BMO Capital Markets cut their target price on Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Wolfe Research reiterated an “outperform” rating and set a $400.00 target price on shares of Intuit in a research report on Thursday, May 21st. Mizuho cut their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday. Daiwa Securities Group cut their target price on Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Twenty-four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $543.06.

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. Glenmede Trust Co. NA boosted its stake in Intuit by 11.0% during the first quarter. Glenmede Trust Co. NA now owns 26,947 shares of the software maker’s stock valued at $11,651,000 after buying an additional 2,660 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Intuit in the 1st quarter valued at approximately $74,000. Essential Partners LLC lifted its stake in shares of Intuit by 100.9% in the 1st quarter. Essential Partners LLC now owns 898 shares of the software maker’s stock valued at $388,000 after purchasing an additional 451 shares during the last quarter. Groupe la Francaise lifted its stake in shares of Intuit by 18.5% in the 1st quarter. Groupe la Francaise now owns 12,484 shares of the software maker’s stock valued at $5,398,000 after purchasing an additional 1,948 shares during the last quarter. Finally, TrueWealth Financial Partners bought a new stake in shares of Intuit in the 1st quarter valued at approximately $471,000. 83.66% of the stock is owned by institutional investors.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Director Vasant M. Prabhu bought 1,750 shares total in two recent transactions at about $309-$310 per share, a sign of insider confidence after the stock’s sharp decline. SEC Form 4 filing
• Positive Sentiment: Multiple analyst-focused pieces argued that INTU remains a long-term value or growth idea, highlighting strong TurboTax demand, TurboTax Live growth, and continued AI-driven product expansion. Zacks article
• Positive Sentiment: TipRanks noted that one analyst still sees substantial upside despite the recent selloff, reinforcing the view that the market may be overly pessimistic on Intuit’s fundamentals. TipRanks article
• Neutral Sentiment: Recent coverage also framed Intuit as a “top value stock” and one of the week’s analyst favorites, which may help sentiment but does not add new company-specific catalysts. Zacks article
• Negative Sentiment: Investor concern appears to be centered on Intuit’s recent pricing issues and a reported 20% stock drop, which triggered shareholder and securities-fraud investigations. PR Newswire investigation notice
• Negative Sentiment: Intuit also filed a notice for mass layoffs in California and Nevada, reinforcing the view that the company is restructuring aggressively while it pivots harder toward AI. AOL article

Intuit Company Profile

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.