Intuit (NASDAQ:INTU) Director Scott Cook Sells 1,402 Shares

by · The Markets Daily

Intuit Inc. (NASDAQ:INTUGet Free Report) Director Scott Cook sold 1,402 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Intuit Trading Down 5.0%

Shares of NASDAQ:INTU traded down $32.96 during midday trading on Friday, reaching $629.46. The company’s stock had a trading volume of 2,720,508 shares, compared to its average volume of 1,626,050. 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 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a 50 day moving average price of $659.62 and a two-hundred day moving average price of $696.27. The firm has a market capitalization of $175.16 billion, a price-to-earnings ratio of 43.03, a PEG ratio of 2.71 and a beta of 1.27.

Intuit (NASDAQ:INTUGet Free Report) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be paid a $1.20 dividend. The ex-dividend date is Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.8%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Daiwa Capital Markets upped their target price on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Wells Fargo & Company decreased their price target on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Rothschild & Co Redburn raised their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. 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. Finally, BMO Capital Markets lowered their target price on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus target price of $796.60.

Read Our Latest Report on INTU

Institutional Trading of Intuit

Institutional investors and hedge funds have recently modified their holdings of the business. Boltwood Capital Management bought a new position in Intuit in the 4th quarter valued at $231,000. First Financial Bank Trust Division boosted its holdings in shares of Intuit by 333.8% in the 4th quarter. First Financial Bank Trust Division now owns 6,334 shares of the software maker’s stock worth $4,196,000 after buying an additional 4,874 shares during the last quarter. Insight Wealth Strategies LLC increased its holdings in Intuit by 4.3% during the fourth quarter. Insight Wealth Strategies LLC now owns 6,355 shares of the software maker’s stock worth $4,210,000 after buying an additional 263 shares during the last quarter. Triumph Capital Management bought a new stake in Intuit in the third quarter worth about $273,000. Finally, AIA Group Ltd boosted its stake in Intuit by 23.4% in the third quarter. AIA Group Ltd now owns 9,932 shares of the software maker’s stock valued at $6,783,000 after acquiring an additional 1,883 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

About Intuit

(Get Free Report)

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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