Intuit Inc. (NASDAQ:INTU) Director Sells $261,261.81 in Stock

Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $784.57, for a total value of $261,261.81. Following the sale, the director owned 16,140 shares in the company, valued at approximately $12,662,959.80. The trade was a 2.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Intuit Price Performance

NASDAQ:INTU remained flat at $747.90 during midday trading on Friday. The company had a trading volume of 1,047,778 shares, compared to its average volume of 1,619,728. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $790.60. The stock has a market capitalization of $208.62 billion, a price-to-earnings ratio of 60.71, a price-to-earnings-growth ratio of 3.42 and a beta of 1.27. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $730.71 and a two-hundred day moving average of $645.99.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the firm posted $9.88 EPS. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Copia Wealth Management bought a new stake in shares of Intuit in the 4th quarter worth $25,000. Summit Securities Group LLC bought a new stake in shares of Intuit in the 4th quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in shares of Intuit in the 4th quarter worth $28,000. Vista Cima Wealth Management LLC bought a new stake in shares of Intuit in the 1st quarter worth $31,000. Finally, CBIZ Investment Advisory Services LLC raised its stake 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 buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Ratings Changes

INTU has been the topic of several analyst reports. Piper Sandler restated an "overweight" rating and set a $825.00 price objective (up from $785.00) on shares of Intuit in a report on Friday, May 23rd. Bank of America lifted their price objective on Intuit from $730.00 to $875.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Oppenheimer restated an "outperform" rating and set a $742.00 price objective (up from $642.00) on shares of Intuit in a report on Friday, May 23rd. The Goldman Sachs Group lifted their price objective on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, HSBC upgraded Intuit from a "hold" rating to a "buy" rating and set a $699.00 price objective on the stock in a report on Wednesday, April 23rd. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and a consensus target price of $800.55.

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.