Vasant Prabhu Acquires 1,250 Shares of Intuit (NASDAQ:INTU) Stock

Intuit Inc. (NASDAQ:INTU) Director Vasant Prabhu purchased 1,250 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Intuit Stock Performance

NASDAQ INTU opened at $307.73 on Thursday. The stock has a market cap of $84.18 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 1.18 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 Inc. has a fifty-two week low of $300.50 and a fifty-two week high of $813.70. The business has a fifty day moving average of $395.64 and a 200-day moving average of $502.04.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS 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 the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, analysts predict that Intuit Inc. will post 17.49 earnings per share for the current fiscal year.

Intuit Announces Dividend

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

Institutional Investors Weigh In On Intuit

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Intuit by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock valued at $19,156,152,000 after acquiring an additional 296,448 shares during the period. State Street Corp grew 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 valued at $8,653,092,000 after acquiring an additional 180,069 shares during the period. Geode Capital Management LLC grew its position in Intuit by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock valued at $4,369,488,000 after acquiring an additional 87,451 shares during the period. Morgan Stanley grew its position in Intuit by 1.2% during the fourth quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock valued at $3,378,912,000 after acquiring an additional 60,910 shares during the period. Finally, Norges Bank purchased a new stake in Intuit during the fourth quarter valued at about $3,058,407,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

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 Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. HSBC lowered their price objective on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Royal Bank Of Canada lowered their price objective on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Jefferies Financial Group lowered their price objective on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $400.00 price objective on shares of Intuit in a research report on Thursday, May 21st. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $525.65.

About Intuit

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.