Intuit (NASDAQ:INTU) Director Sells $50,507,250.00 in Stock
by Tristan Rich · The Markets DailyIntuit Inc. (NASDAQ:INTU – Get Free Report) Director Scott Cook sold 75,000 shares of Intuit stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the completion of the sale, the director directly owned 5,744,584 shares in the company, valued at $3,868,575,203.12. This represents a 1.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Intuit Stock Down 0.6%
INTU stock traded down $4.36 during mid-day trading on Tuesday, hitting $669.79. 1,192,160 shares of the company were exchanged, compared to its average volume of 1,821,358. The firm has a fifty day simple moving average of $660.20 and a 200 day simple moving average of $697.34. The company has a market capitalization of $186.39 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.27. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.
Intuit (NASDAQ:INTU – Get Free Report) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the business posted $2.50 earnings per share. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.
Intuit Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s payout ratio is currently 32.81%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on INTU shares. Wells Fargo & Company cut their target price on Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 target price on shares of Intuit in a research report on Friday, November 21st. BMO Capital Markets lowered their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Daiwa Capital Markets raised their price target on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Wolfe Research lowered their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $796.60.
Get Our Latest Stock Report on INTU
Hedge Funds Weigh In On Intuit
A number of hedge funds have recently modified their holdings of INTU. Tortoise Investment Management LLC lifted its holdings in shares of Intuit by 540.0% during 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 period. Westside Investment Management Inc. increased its stake in Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares during the last quarter. Dogwood Wealth Management LLC boosted its position in shares of Intuit by 111.8% during the 2nd 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 period. Sagard Holdings Management Inc. purchased a new stake in Intuit during the second quarter worth about $28,000. Finally, True Wealth Design LLC increased its stake in shares of Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after buying an additional 27 shares during the period. 83.66% of the stock is currently owned by institutional investors.
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.
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