Representative Dan Newhouse (Republican-Washington) recently sold shares of Intuit Inc. (NASDAQ:INTU). In a filing disclosed on July 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Intuit stock on July 10th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.
Representative Dan Newhouse also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 7/10/2026.
- Sold $1,001 – $15,000 in shares of Deere & Company (NYSE:DE) on 7/10/2026.
- Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/10/2026.
- Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 7/10/2026.
- Sold $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 7/10/2026.
- Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 7/10/2026.
- Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 7/10/2026.
- Sold $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 7/10/2026.
- Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 7/10/2026.
- Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 7/10/2026.
Intuit Stock Up 0.9%
Shares of NASDAQ INTU opened at $293.82 on Tuesday. The firm’s fifty day moving average is $301.21 and its 200 day moving average is $402.03. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a market cap of $80.37 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.07 and a beta of 1.00.
Intuit Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is presently 29.07%.
Insider Transactions at Intuit
In other Intuit news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $309.45 per share, with a total value of $386,812.50. Following the completion of the purchase, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
INTU has been the topic of a number of research analyst reports. Bank of America began coverage on shares of Intuit in a research report on Wednesday, May 27th. They set a “buy” rating and a $400.00 price objective on the stock. Mizuho cut their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 26th. Wells Fargo & Company reduced their price target on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. KeyCorp cut their price objective on Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Finally, BMO Capital Markets lowered their target price on Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Twenty-one investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $468.84.
Get Our Latest Analysis on Intuit
Institutional Investors Weigh In On Intuit
Several hedge funds have recently added to or reduced their stakes in INTU. Norges Bank purchased a new position in Intuit in the 4th quarter worth approximately $3,058,407,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Intuit by 102.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after purchasing an additional 1,972,719 shares in the last quarter. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit in the 1st quarter worth $785,564,000. Amundi raised its stake in shares of Intuit by 44.9% in the first quarter. Amundi now owns 1,563,158 shares of the software maker’s stock worth $675,878,000 after purchasing an additional 484,602 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after purchasing an additional 471,451 shares in the last quarter. 83.66% of the stock is owned by institutional investors.
Key Stories Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Some investors and commentators are viewing Intuit’s recent weakness as an overreaction, suggesting the stock could have upside if business fundamentals hold up. L1 Capital International Sees Intuit’s (INTU) Decline as Market’s Overreaction
- Positive Sentiment: Coverage around TurboTax Live says the service is thriving, and Intuit plans to improve its DIY tax products with simpler pricing and expanded financial services, which could help offset slower consumer demand and support longer-term growth. Intuit’s TurboTax Live Is Thriving: Can It Offset DIY Choppiness?
- Neutral Sentiment: Susquehanna lowered its price target on Intuit but kept a positive rating, signaling some caution while still expecting meaningful upside from current levels. Susquehanna price target update
- Negative Sentiment: A securities fraud class action has been filed alleging Intuit misled investors about TurboTax pricing issues and competitive advantages, with plaintiffs pointing to the stock’s large decline as evidence of harm. INTU Lawsuit Notice: Intuit Pricing Issues and 20% Stock Drop Trigger Securities Fraud Class Action
- Negative Sentiment: Multiple law firms are urging affected shareholders to join or lead the class action, keeping legal risk and headline pressure in focus for INTU in the near term. INVESTOR DEADLINE: RGRD Law Announces that Intuit Inc. (INTU) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
About Representative Newhouse
Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.
Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.
Click here to see Newhouse’s key votes in Congress.
Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.
Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.
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.
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