Intuit (NASDAQ:INTU) Director Vasant Prabhu Purchases 1,250 Shares

Intuit Inc. (NASDAQ:INTU) Director Vasant Prabhu purchased 1,250 shares of Intuit stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares in the company, valued at $386,812.50. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $304.35 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $83.25 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.24 and a beta of 1.04. The firm’s fifty day moving average is $398.54 and its two-hundred day moving average is $504.48. Intuit Inc. has a 52-week low of $302.36 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. Intuit’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $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 anticipate that Intuit Inc. will post 17.49 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, July 9th. Intuit’s payout ratio is currently 29.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INTU. BMO Capital Markets reduced their price target on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Oppenheimer dropped their price objective on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Rothschild & Co Redburn raised shares of Intuit from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $670.00 to $700.00 in a research note on Tuesday, March 10th. Argus dropped their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Finally, Weiss Ratings cut shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $543.06.

Hedge Funds Weigh In On Intuit

A number of large investors have recently made changes to their positions in the company. Norges Bank bought a new position in Intuit during the 4th quarter valued at about $3,058,407,000. Arrowstreet Capital Limited Partnership grew its holdings in Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after purchasing an additional 1,972,719 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Intuit by 183.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. bought a new position in Intuit during the 1st quarter valued at about $785,564,000. Finally, Vanguard Group Inc. grew its holdings in Intuit by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after purchasing an additional 914,024 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Key Headlines 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

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.