Intuit Inc. (NASDAQ:INTU) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 22.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,258 shares of the software maker's stock after selling 2,666 shares during the quarter. Stephens Inc. AR's holdings in Intuit were worth $5,684,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of INTU. Copia Wealth Management purchased a new position in shares of Intuit in the 4th quarter worth about $25,000. Summit Securities Group LLC purchased a new position in shares of Intuit in the 4th quarter worth about $28,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit in the 4th quarter worth about $28,000. VSM Wealth Advisory LLC purchased a new position in shares of Intuit in the 4th quarter worth about $35,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Intuit in the 1st quarter worth about $37,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the transaction, the director owned 15,474 shares in the company, valued at $11,890,685.82. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the transaction, the executive vice president owned 19 shares of the company's stock, valued at $14,704.10. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 279,800 shares of company stock worth $209,725,054. 2.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on INTU shares. Morgan Stanley raised their target price on Intuit from $785.00 to $900.00 and gave the company an "overweight" rating in a report on Monday, July 7th. The Goldman Sachs Group raised their target price on Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a report on Monday, May 19th. Bank of America raised their target price on Intuit from $730.00 to $875.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Jefferies Financial Group set a $850.00 target price on Intuit and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, BMO Capital Markets set a $870.00 target price on Intuit and gave the company an "outperform" rating in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and a consensus price target of $800.55.

Intuit Stock Performance

Shares of INTU traded up $4.77 during mid-day trading on Wednesday, hitting $750.72. The stock had a trading volume of 1,262,894 shares, compared to its average volume of 1,624,296. The company has a market cap of $209.41 billion, a PE ratio of 60.94, a PEG ratio of 3.31 and a beta of 1.27. The company's fifty day simple moving average is $740.03 and its two-hundred day simple moving average is $648.90. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $790.60.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping the consensus estimate of $10.89 by $0.76. The company had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%. The business's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm earned $9.88 EPS. On average, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be given a $1.04 dividend. The ex-dividend date is Thursday, July 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.55%. Intuit's payout ratio is 33.77%.

About Intuit

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 & Self-Employed, Consumer, Credit Karma, and ProTax.