Intuit Inc.: director Dalzell sells $521890 in stock

Director Richard L Dalzell of INTUIT INC (NASDAQ:INTU) sold a total of 666 shares of common stock in two transactions on July 8 and 9, 2025. The sales were executed at prices ranging from $782.67 to $784.57, resulting in a total value of $521890. The transactions occurred as the stock trades near its 52-week high of $790.60, with Intuit maintaining strong momentum evidenced by its 25% return over the past six months.

Specifically, on July 8, Dalzell sold 333 shares at $784.57 per share. Following this, on July 9, another 333 shares were sold at $782.67 per share.

Following these transactions, Dalzell directly owns 15,807 shares of Intuit INC. common stock.

The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 25, 2025. The sales were reported in a Form 4 filing with the Securities and Exchange Commission. InvestingPro data shows Intuit maintains impressive gross profit margins of 80% and has consistently raised its dividend for 14 consecutive years. For deeper insights into Intuit’s valuation and growth prospects, subscribers can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Intuit has made headlines with several significant developments. The company announced the acquisition of Relevvo, an AI-powered sales and marketing platform, to bolster its B2B engagement capabilities. Although the financial terms were not disclosed, this move is expected to enhance Intuit’s ability to serve mid-market customers by integrating Relevvo’s AI technology with its existing customer data. Additionally, Intuit has launched new AI agents across its product lineup, including QuickBooks Online, aiming to simplify small business operations and reduce costs. Mizuho (NYSE:MFG) has reiterated its Outperform rating on Intuit, maintaining a price target of $875, citing the potential for these AI capabilities to drive customer upgrades.

Furthermore, CLSA has initiated coverage of Intuit with an Outperform rating and a $900 price target, highlighting the company’s strong position in the mid-market accounting software sector. BMO Capital also reiterated its Outperform rating, emphasizing the growth potential in Intuit’s tax segment and QuickBooks business. The firm noted that Intuit’s internal use of AI is expected to support margin expansion, describing the company as its "favorite large-cap software idea." These developments reflect Intuit’s strategic focus on AI and market expansion, drawing positive attention from multiple research firms.

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