Key Points
- Intuit director Vasant Prabhu bought 1,250 shares of INTU at about $309.45 each, a transaction worth roughly $386,813 and disclosed in an SEC filing.
- The purchase adds to a broader insider-confidence signal highlighted in the article, which notes Prabhu bought 1,750 shares total in recent transactions after the stock’s sharp decline.
- Intuit recently beat quarterly earnings expectations with EPS of $12.80 versus $12.57 estimated and revenue of $8.56 billion, while also declaring a quarterly dividend of $1.20 per share.
Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Vasant Prabhu acquired 500 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, with a total value of $154,855.00. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Intuit Price Performance
Intuit stock opened at $304.35 on Wednesday. Intuit Inc. has a 52-week low of $302.36 and a 52-week high of $813.70. The firm has a fifty day moving average of $398.54 and a 200-day moving average of $504.48. The firm has a market capitalization of $83.25 billion, a P/E ratio of 18.43, a PEG ratio of 1.24 and a beta of 1.04. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.
Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts' consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business's revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $11.65 EPS. 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, analysts predict that Intuit Inc. will post 17.49 EPS for the current year.
Intuit Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit's dividend payout ratio (DPR) is presently 29.07%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Joseph Group Capital Management bought a new position in Intuit during the 4th quarter valued at $25,000. Intesa Sanpaolo Wealth Management bought a new position in Intuit during the 4th quarter valued at $25,000. HHM Wealth Advisors LLC boosted its stake in Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock valued at $30,000 after acquiring an additional 30 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Intuit during the 1st quarter valued at $30,000. Finally, MTM Investment Management LLC boosted its stake in Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.
Key Stories Impacting Intuit
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
Analysts Set New Price Targets
A number of research firms recently weighed in on INTU. Citigroup lowered their price target on shares of Intuit from $649.00 to $591.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Wolfe Research reaffirmed an "outperform" rating and set a $400.00 price target on shares of Intuit in a report on Thursday, May 21st. BMO Capital Markets lowered their price target on shares of Intuit from $550.00 to $412.00 and set an "outperform" rating for the company in a report on Thursday, May 21st. Mizuho lowered their price target on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Jefferies Financial Group lowered their price target on shares of Intuit from $650.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $543.06.
Get Our Latest Analysis on Intuit
Intuit Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
