Vasant Prabhu Purchases 500 Shares of Intuit (NASDAQ:INTU) Stock

Intuit Inc. (NASDAQ:INTU) Director Vasant Prabhu bought 500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the transaction, the director owned 1,750 shares in the company, valued at approximately $541,992.50. This trade represents a 40.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intuit Stock Up 1.1%

Shares of NASDAQ INTU opened at $307.73 on Thursday. The stock has a market capitalization of $84.18 billion, a P/E ratio of 18.64, a PEG ratio of 1.18 and a beta of 1.04. The stock’s fifty day moving average is $395.64 and its 200 day moving average is $502.04. Intuit Inc. has a 52 week low of $300.50 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. Intuit’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Sell-side analysts forecast that Intuit Inc. will post 17.49 earnings per share for the current fiscal year.

Intuit Dividend Announcement

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 given a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Institutional Investors Weigh In On Intuit

A number of institutional investors have recently modified their holdings of the company. Joseph Group Capital Management bought a new position in Intuit during the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit during the fourth quarter valued at $25,000. MTM Investment Management LLC grew its holdings in Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after acquiring an additional 27 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit during the 3rd quarter worth about $33,000. Finally, Birchwood Financial Partners Inc. bought a new position in shares of Intuit in the 4th quarter worth about $33,000. 83.66% of the stock is owned by institutional investors.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America restarted coverage on Intuit with a Buy rating and $400 target, citing AI tailwinds, strong margins, and durable competitive positioning. Article: Intuit seen benefitting from AI tailwinds, says Bank of America
• Positive Sentiment: Director Vasant Prabhu bought additional INTU shares, a potentially bullish insider signal after the stock’s steep decline. Article: SEC Form 4 filing
• Positive Sentiment: Analyst commentary continues to describe Intuit as a long-term value/growth opportunity, pointing to TurboTax strength, TurboTax Live momentum, and AI-driven product expansion. Article: TurboTax’s Strong FY26 Run
• Neutral Sentiment: Several firms lowered price targets after the recent pullback, but most still kept bullish ratings, suggesting the selloff may be more about valuation and short-term concerns than a collapse in fundamentals. Article: Daiwa Securities adjusts price target
• Negative Sentiment: Intuit is facing investor scrutiny over alleged pricing issues, with multiple law firms launching investigations that could add headline risk and pressure sentiment. Article: Intuit pricing issues investigation
• Negative Sentiment: The company’s mass-layoff notice in California and Nevada underscores a significant restructuring, which may worry investors even as management pursues an AI-focused turnaround. Article: Intuit files notice for mass layoffs

Analyst Ratings Changes

A number of research firms have recently commented on INTU. BNP Paribas Exane lowered their price target on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Freedom Capital downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Truist Financial lowered their price objective on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Daiwa Securities Group lowered their price target on shares of Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday. Twenty-four 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $525.65.

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.