Sandeep Aujla Sells 16,061 Shares of Intuit Inc. (NASDAQ:INTU) Stock

Intuit Inc. (NASDAQ:INTU - Get Free Report) CFO Sandeep Aujla sold 16,061 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $726.13, for a total value of $11,662,373.93. Following the completion of the transaction, the chief financial officer now directly owns 197 shares of the company's stock, valued at $143,047.61. The trade was a 98.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Intuit Stock Down 0.0%

INTU traded down $0.33 during trading hours on Tuesday, hitting $764.66. 1,526,670 shares of the company's stock were exchanged, compared to its average volume of 1,620,227. The firm has a market cap of $213.30 billion, a P/E ratio of 74.24, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $771.38. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $633.69 and a 200 day moving average of $622.92.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping analysts' consensus estimates of $10.89 by $0.76. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the company earned $9.88 earnings per share. The company's revenue was up 15.1% on a year-over-year basis. Analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 10th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio is presently 33.77%.

Analyst Upgrades and Downgrades

INTU has been the topic of several research analyst reports. Scotiabank raised Intuit from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $600.00 to $700.00 in a report on Thursday, April 17th. Bank of America upped their price objective on shares of Intuit from $730.00 to $875.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the stock a "buy" rating in a research report on Friday, May 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $850.00 price objective (up previously from $760.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Redburn Atlantic assumed coverage on Intuit in a research report on Wednesday, February 19th. They issued a "neutral" rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Intuit has an average rating of "Moderate Buy" and a consensus price target of $785.33.

Institutional Investors Weigh In On Intuit

Institutional investors have recently modified their holdings of the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. Modern Wealth Management LLC increased its stake in Intuit by 104.6% in the first quarter. Modern Wealth Management LLC now owns 892 shares of the software maker's stock valued at $548,000 after purchasing an additional 456 shares during the last quarter. Apeiron RIA LLC increased its stake in Intuit by 5.4% in the first quarter. Apeiron RIA LLC now owns 900 shares of the software maker's stock valued at $553,000 after purchasing an additional 46 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new position in Intuit in the first quarter valued at approximately $31,000. Finally, Strs Ohio purchased a new position in Intuit in the first quarter valued at approximately $51,019,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Company Profile

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.