Rep. Josh Gottheimer Sells Off Shares of Intuit Inc. (NASDAQ:INTU)

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of Intuit Inc. (NASDAQ:INTU). In a filing disclosed on March 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Intuit stock on February 20th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Infineon Technologies (OTCMKTS:IFNNY) on 2/27/2026.
• Sold $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 2/27/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Carvana (NYSE:CVNA) on 2/18/2026.
• Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/18/2026.
• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of Cummins (NYSE:CMI) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of GE Vernova (NYSE:GEV) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 2/4/2026.
• Sold $1,001 – $15,000 in shares of Fair Isaac (NYSE:FICO) on 2/4/2026.

Intuit Trading Down 0.8%

INTU traded down $3.31 during trading on Wednesday, reaching $429.14. 541,031 shares of the company’s stock were exchanged, compared to its average volume of 4,028,290. The company’s fifty day moving average price is $456.05 and its 200-day moving average price is $589.15. The firm has a market capitalization of $118.68 billion, a PE ratio of 27.80, a P/E/G ratio of 1.84 and a beta of 1.26. Intuit Inc. has a fifty-two week low of $349.00 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the company earned $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s payout ratio is currently 31.09%.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Fifth Circuit win removes key FTC restriction on TurboTax advertising, freeing Intuit to resume broader “free” ad messaging and potentially improving customer acquisition economics. Intuit beats FTC in court, ending restrictions on “free” TurboTax ads
• Positive Sentiment: Analyst backing remains solid: multiple shops (including recent Buy/maintain calls and higher price targets) highlight durable core products (QuickBooks, TurboTax) and growth from the Enterprise Suite — supporting upside if execution continues. Analysts Rate Intuit (INTU) Buy as AI Threats Remain Limited
• Positive Sentiment: Product/market expansion: Intuit rolled out time‑saving tax tools for UK sole traders (HMRC “Making Tax Digital” support), which shows ongoing product commercialization in addressable markets. Incremental product wins can help revenue diversification. Intuit launches new time saving tools to help sole traders tackle HMRC’s Making Tax Digital for Income Tax
• Neutral Sentiment: AI and valuation debate: research notes show a small uptick in fair‑value estimates but highlight mixed signals — strong fundamentals versus uncertain AI competition and a sectorwide valuation reset. That ambiguity is keeping trading volatile. How The Intuit (INTU) Investment Story Is Shifting With AI Hopes And Valuation Reset
• Neutral Sentiment: Analyst consensus still implies meaningful upside (mean price‑target gap noted by Zacks), but those estimates are already baked into differing analyst views — so market reaction may depend on near‑term guidance and macro sentiment. Does Intuit (INTU) Have the Potential to Rally 37.73% as Wall Street Analysts Expect?
• Negative Sentiment: Legislative risk: H.R.7806 (Direct File Act of 2026) would create a free government tax‑filing option — a structural threat to TurboTax/H&R Block if enacted or if momentum increases, and investors may be discounting that risk. New Bill: Representative Brad Sherman introduces H.R. 7806: Direct File Act of 2026

Institutional Trading of Intuit

A number of large investors have recently bought and sold shares of the business. Tortoise Investment Management LLC raised its holdings in shares of Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares during the period. Joseph Group Capital Management bought a new position in Intuit during the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management bought a new position in Intuit during the 4th quarter worth about $25,000. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit in the 2nd quarter valued at about $28,000. Finally, MTM Investment Management LLC lifted its holdings in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Rothschild & Co Redburn raised shares of Intuit from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $670.00 to $700.00 in a research note on Tuesday, March 10th. KeyCorp decreased their price objective on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Scotiabank set a $575.00 target price on shares of Intuit in a research note on Friday, March 6th. Finally, Wells Fargo & Company reduced their price target on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.06.

Insider Transactions at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. This represents a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 119,403 shares of company stock valued at $79,242,742 over the last three months. 2.49% of the stock is currently owned by corporate insiders.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.