Key Points
- Intuit director Richard Dalzell sold 285 shares for approximately $92,728, reducing his stake by 2.41% to 11,531 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Intuit reported quarterly revenue of $4.35 billion and adjusted earnings of $4.03 per share, exceeding analyst expectations; revenue increased 13.7% year over year. The company also raised its quarterly dividend to $1.38 per share, an annualized yield of about 1.8%.
- Shares opened at $313.94, well below the average analyst price target of $434.68, while analyst sentiment remains mixed with a consensus rating of “Hold.” Recent concerns include multiple lowered price targets, a securities class-action lawsuit announcement, and some institutional selling.
Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Richard Dalzell sold 285 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director owned 11,531 shares of the company's stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Intuit Price Performance
Shares of NASDAQ INTU opened at $313.94 on Thursday. The business's 50 day moving average price is $319.26 and its two-hundred day moving average price is $352.77. The company has a market cap of $85.88 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08.
Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the company earned $2.75 earnings per share. The business's revenue for the quarter was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, analysts predict that Intuit Inc. will post 23.49 EPS for the current year.
Intuit Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.8%. This is a positive change from Intuit's previous quarterly dividend of $1.20. Intuit's payout ratio is 29.09%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. XXEC Inc. acquired a new stake in shares of Intuit during the second quarter worth $436,740,000. California State Teachers Retirement System grew its stake in shares of Intuit by 25,506.0% in the second quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker's stock valued at $28,277,368,000 after acquiring an additional 107,919,292 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Intuit in the second quarter valued at about $6,851,859,000. State Street Corp increased its position in Intuit by 1.4% during the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker's stock worth $8,653,092,000 after acquiring an additional 180,069 shares during the period. Finally, Corient Private Wealth LP bought a new position in Intuit during the second quarter worth about $40,545,000. Institutional investors own 83.66% of the company's stock.
More Intuit News
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: An interview highlighted Intuit’s use of artificial intelligence in financial management and everyday money tools. Continued AI development could support product adoption, efficiency, and long-term growth. Kitchen table finances: Intuit on AI and everyday money management
- Neutral Sentiment: Director Richard Dalzell sold 285 Intuit shares for approximately $92,728, reducing his direct ownership by 2.41%. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan, it may be less concerning than an unexpected discretionary sale. Intuit insider transaction filing
- Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers, alleging violations of federal securities laws and seeking damages for investors. The lawsuit covers different purchase periods depending on the filing, while multiple firms promoted lead-plaintiff deadlines on September 8. The repeated announcements increase headline and potential legal-risk pressure, although the allegations have not been proven. Pomerantz Intuit class-action announcement Rosen Law Firm Intuit investor notice
- Negative Sentiment: A reported decision by Baron Durable Advantage Fund to exit Intuit during the second quarter adds evidence of institutional selling pressure, though the disclosure reflects an earlier investment decision and does not necessarily indicate a change in current fundamentals. Baron Durable Advantage Fund portfolio changes
Analyst Upgrades and Downgrades
Several research firms have commented on INTU. Daiwa Securities Group decreased their price objective on shares of Intuit from $640.00 to $500.00 and set a "buy" rating on the stock in a report on Wednesday, May 27th. Mizuho cut their target price on shares of Intuit from $500.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, August 17th. JPMorgan Chase & Co. downgraded shares of Intuit from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $605.00 to $331.00 in a report on Wednesday, August 26th. BMO Capital Markets reiterated an "outperform" rating on shares of Intuit in a research note on Wednesday, August 26th. Finally, Barclays lowered their price target on shares of Intuit from $443.00 to $408.00 and set an "overweight" rating on the stock in a report on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $434.68.
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About Intuit
(
Get Free Report)
Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.
Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.
Intuit was founded in 1983 by Scott Cook and Tom Proulx.
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