Intuit Inc. (NASDAQ:INTU) EVP Sells $689,397.66 in Stock

Intuit Inc. (NASDAQ:INTU - Get Free Report) EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $1,124,597.20.

Intuit Stock Down 0.0%

INTU traded down $0.28 during trading on Friday, reaching $747.62. The stock had a trading volume of 590,394 shares, compared to its average volume of 1,618,052. The stock's 50 day moving average is $730.71 and its two-hundred day moving average is $645.99. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $208.55 billion, a price-to-earnings ratio of 60.68, a P/E/G ratio of 3.42 and a beta of 1.27. Intuit Inc. has a one year low of $532.65 and a one year high of $790.60.

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

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's payout ratio is currently 33.77%.

Institutional Investors Weigh In On Intuit

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pinnacle Financial Partners Inc increased its position in shares of Intuit by 3.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after purchasing an additional 623 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in Intuit during the 4th quarter valued at approximately $109,988,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Intuit during the 4th quarter valued at approximately $237,244,000. Baer Investment Advisory LLC bought a new stake in Intuit during the 4th quarter valued at approximately $3,261,000. Finally, Trinity Street Asset Management LLP bought a new stake in Intuit during the 1st quarter valued at approximately $12,061,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on INTU shares. Morgan Stanley upped their target price on Intuit from $785.00 to $900.00 and gave the stock an "overweight" rating in a research note on Monday. KeyCorp reiterated an "overweight" rating and issued a $850.00 price objective (up previously from $770.00) on shares of Intuit in a research report on Friday, May 23rd. Barclays reiterated an "overweight" rating and issued a $815.00 price objective (up previously from $775.00) on shares of Intuit in a research report on Friday, May 23rd. CLSA began coverage on Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. Finally, Susquehanna reiterated a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and an average target price of $800.55.

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.