<div id="readability-page-1"><p>Shares of Intuit Inc. (NASDAQ:INTU - Get Free Report) traded down 0.5% during trading on Thursday after an insider sold shares in the company. The company traded as low as $638.34 and last traded at $640.64. 153,658 shares changed hands during trading, a decline of 88% from the average session volume of 1,320,195 shares. The stock had previously closed at $643.92.</p><ul><li>Why Block's Key Components Make It a Solid Investment Choice</li></ul><p>Specifically, EVP Alex G. Balazs sold 2,941 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $628.76, for a total value of $1,849,183.16. Following the sale, the executive vice president now owns 20 shares in the company, valued at approximately $12,575.20. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through this link. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several equities research analysts have commented on the company. Wells Fargo &amp; Company boosted their target price on Intuit from $725.00 to $750.00 and gave the stock an &#34;overweight&#34; rating in a report on Tuesday, May 21st. Morgan Stanley downgraded shares of Intuit from an &#34;overweight&#34; rating to an &#34;equal weight&#34; rating and cut their price objective for the company from $750.00 to $685.00 in a research report on Wednesday, August 14th. Citigroup lifted their target price on shares of Intuit from $727.00 to $750.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, June 28th. JPMorgan Chase &amp; Co. increased their price target on shares of Intuit from $585.00 to $600.00 and gave the company a &#34;neutral&#34; rating in a report on Friday, August 23rd. Finally, Susquehanna restated a &#34;positive&#34; rating and issued a $757.00 price objective on shares of Intuit in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $720.37.</p><br/><ul><li>Intuit Stock Drops Sharply on Profit Concerns: Is It a Buy?</li></ul><p><b>View Our Latest Research Report on INTU</b></p><h2>Intuit Price Performance</h2><p>The stock has a market capitalization of $179.66 billion, a PE ratio of 59.10, a price-to-earnings-growth ratio of 3.00 and a beta of 1.24. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $637.17 and a 200 day moving average price of $631.98. </p><ul><li>Intuit Beats Q4 Earnings: AI, Dividends, and a Growth Strategy</li></ul><p>Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.14. The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.08 billion. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The business's quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. Research analysts anticipate that Intuit Inc. will post 14.06 earnings per share for the current year. </p><h2>Intuit Increases Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, October 10th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This is a boost from Intuit's previous quarterly dividend of $0.90. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.65%. Intuit's dividend payout ratio is 38.38%. </p><h2>Institutional Trading of Intuit</h2><p>Several institutional investors and hedge funds have recently modified their holdings of the company. Intech Investment Management LLC raised its holdings in Intuit by 134.7% during the first quarter. Intech Investment Management LLC now owns 4,601 shares of the software maker's stock valued at $2,991,000 after acquiring an additional 2,641 shares during the period. Parnassus Investments LLC raised its stake in Intuit by 119.0% during the 4th quarter. Parnassus Investments LLC now owns 1,338,139 shares of the software maker's stock valued at $836,377,000 after purchasing an additional 727,185 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Intuit by 1.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 179,801 shares of the software maker's stock worth $112,381,000 after purchasing an additional 1,990 shares in the last quarter. Wellington Management Group LLP boosted its stake in Intuit by 173.0% in the 4th quarter. Wellington Management Group LLP now owns 3,687,583 shares of the software maker's stock worth $2,304,850,000 after purchasing an additional 2,336,654 shares during the period. Finally, Cetera Advisors LLC grew its holdings in Intuit by 33.4% during the 1st quarter. Cetera Advisors LLC now owns 10,607 shares of the software maker's stock valued at $6,895,000 after buying an additional 2,655 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors. </p><h2>Intuit Company Profile</h2> (Get Free Report)<p>Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business &amp; Self-Employed, Consumer, Credit Karma, and ProTax.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Intuit</li><li>Industrial Products Stocks Investing </li><li>3 Leveraged ETFs to Multiply Returns</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>A Tale of Two Titans: Unveiling the Value in Baidu and JD.com</li><li>Compound Interest and Why It Matters When Investing</li><li>Is the AI-Capable iPhone 16 the Start of a Sales Super-Cycle?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intuit wasn't on the list.</p><p>While Intuit currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

INTU

<p>Intuit (NASDAQ:INTU) shares fell 0.5% after insider selling by EVP Alex G. Balazs, who sold 2,941 shares at an average price of $76. The stock traded as low as $34 and closed at $64, with a significant drop in trading volume. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average price target of $137. Intuit recently reported strong quarterly earnings, beating estimates, and announced a dividend increase to $0.04, reflecting a 0.65% yield.</p>

Intuit (NASDAQ:INTU) Stock Price Down 0.5% on Insider Selling