Intuit (NASDAQ:INTU) Stock Sold Off by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Intuit Inc. (NASDAQ:INTU). In a filing disclosed on October 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Intuit stock on September 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Benchmark Electronics (NYSE:BHE) on 10/1/2026.
• Sold $1,001 – $15,000 in shares of Oxford Industries (NYSE:OXM) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 9/29/2026.
• Sold $15,001 – $50,000 in shares of ITT (NYSE:ITT) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Ultragenyx Pharmaceutical (NASDAQ:RARE) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of YETI (NYSE:YETI) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of AtriCure (NASDAQ:ATRC) on 9/29/2026.

Intuit Stock Down 1.5%

INTU opened at $301.45 on Wednesday. The business has a 50 day moving average price of $321.34 and a 200 day moving average price of $330.11. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $689.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $80.56 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.01.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts forecast that Intuit Inc. will post 23.01 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be issued a $1.38 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.8%. Intuit’s dividend payout ratio is presently 33.45%.

Institutional Trading of Intuit

Hedge funds have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. grew its position in Intuit by 174.5% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 5,304 shares of the software maker’s stock worth $1,462,000 after purchasing an additional 3,372 shares during the last quarter. Focus Financial Network Inc. increased its holdings in shares of Intuit by 6.0% during the 3rd quarter. Focus Financial Network Inc. now owns 1,463 shares of the software maker’s stock worth $403,000 after purchasing an additional 83 shares during the period. Salem Investment Counselors Inc. raised its position in shares of Intuit by 2.0% during the third quarter. Salem Investment Counselors Inc. now owns 11,532 shares of the software maker’s stock valued at $3,179,000 after buying an additional 230 shares during the last quarter. Ulland Investment Advisors LLC raised its position in shares of Intuit by 3.7% during the third quarter. Ulland Investment Advisors LLC now owns 1,821 shares of the software maker’s stock valued at $502,000 after buying an additional 65 shares during the last quarter. Finally, Copeland Capital Management LLC raised its position in shares of Intuit by 2,043.6% during the third quarter. Copeland Capital Management LLC now owns 2,358 shares of the software maker’s stock valued at $650,000 after buying an additional 2,248 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on INTU. Barclays decreased their price objective on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a report on Wednesday, August 26th. Wells Fargo & Company dropped their target price on shares of Intuit from $360.00 to $300.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 26th. Oppenheimer cut their target price on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. UBS Group reissued a “neutral” rating on shares of Intuit in a research report on Friday, September 18th. Finally, Morgan Stanley decreased their price target on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $431.55.

Insider Activity

In related news, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.49% of the stock is currently owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.