Insider Selling: Intuit Inc. (NASDAQ:INTU) EVP Sells 882 Shares of Stock

Intuit Inc. (NASDAQ:INTU - Get Free Report) EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Alex G. Balazs also recently made the following trade(s):

• On Thursday, June 5th, Alex G. Balazs sold 1,459 shares of Intuit stock. The stock was sold at an average price of $770.80, for a total transaction of $1,124,597.20.

Intuit Stock Down 1.5%

NASDAQ INTU traded down $11.89 on Wednesday, reaching $769.59. The stock had a trading volume of 1,486,081 shares, compared to its average volume of 1,619,694. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $790.60. The business has a 50 day moving average price of $725.37 and a 200 day moving average price of $644.37. The company has a market capitalization of $214.68 billion, a price-to-earnings ratio of 62.47, a P/E/G ratio of 3.49 and a beta of 1.27.

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

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 10th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.16 annualized dividend and a yield of 0.54%. Intuit's dividend payout ratio (DPR) is 33.77%.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $850.00 price objective on Intuit and gave the company a "buy" rating in a research note on Friday, May 23rd. Scotiabank raised shares of Intuit from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $600.00 to $700.00 in a report on Thursday, April 17th. Wells Fargo & Company set a $880.00 price target on Intuit and gave the company an "overweight" rating in a report on Friday, June 13th. Evercore ISI upped their price objective on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, UBS Group set a $750.00 target price on shares of Intuit and gave the company a "neutral" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $798.27.

Institutional Trading of Intuit

A number of hedge funds have recently modified their holdings of the company. Copia Wealth Management acquired a new stake in shares of Intuit in the 4th quarter valued at $25,000. Summit Securities Group LLC bought a new stake in Intuit during the fourth quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit during the fourth quarter worth approximately $28,000. Vista Cima Wealth Management LLC acquired a new position in shares of Intuit in the 1st quarter worth approximately $31,000. Finally, CBIZ Investment Advisory Services LLC boosted 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 worth $31,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

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.

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