Intuit Inc. (NASDAQ:INTU - Get Free Report) CFO Sandeep Aujla sold 2,591 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total value of $2,026,732.02. Following the sale, the chief financial officer directly owned 768 shares of the company's stock, valued at $600,744.96. This represents a 77.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Sandeep Aujla also recently made the following trade(s):
- On Wednesday, July 2nd, Sandeep Aujla sold 1,618 shares of Intuit stock. The shares were sold at an average price of $773.90, for a total value of $1,252,170.20.
- On Tuesday, May 27th, Sandeep Aujla sold 16,061 shares of Intuit stock. The shares were sold at an average price of $726.13, for a total transaction of $11,662,373.93.
Intuit Trading Down 0.3%
NASDAQ:INTU traded down $2.13 during midday trading on Tuesday, hitting $781.48. 1,291,852 shares of the company traded hands, compared to its average volume of 1,617,848. 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 12-month low of $532.65 and a 12-month high of $790.60. The firm has a market capitalization of $217.99 billion, a P/E ratio of 63.43, a P/E/G ratio of 3.47 and a beta of 1.27. The firm's fifty day moving average is $722.21 and its 200-day moving average is $643.41.
Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $7.56 billion. During the same period in the prior year, the business posted $9.88 earnings per share. The company's revenue for the quarter was up 15.1% on a year-over-year basis. On average, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current year.
Intuit Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's dividend payout ratio is presently 33.77%.
Institutional Investors Weigh In On Intuit
Several large investors have recently added to or reduced their stakes in INTU. Vanguard Group Inc. raised its stake in shares of Intuit by 1.1% during the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after acquiring an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after buying an additional 649,212 shares during the period. Geode Capital Management LLC grew its position in shares of Intuit by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker's stock worth $3,833,720,000 after buying an additional 132,384 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after buying an additional 358,328 shares during the period. Finally, Norges Bank bought a new stake in shares of Intuit in the fourth quarter valued at about $2,290,419,000. 83.66% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently commented on INTU shares. Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. Bank of America raised their price target on Intuit from $730.00 to $875.00 and gave the company a "buy" rating in a report on Friday, May 23rd. The Goldman Sachs Group upped their price objective on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. HSBC upgraded Intuit from a "hold" rating to a "buy" rating and set a $699.00 target price for the company in a research report on Wednesday, April 23rd. Finally, Hsbc Global Res raised shares of Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and an average target price of $798.27.
Read Our Latest Research Report on Intuit
Intuit Company Profile
(
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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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