Richard L. Dalzell Sells 333 Shares of Intuit Inc. (NASDAQ:INTU) Stock

Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the sale, the director owned 15,474 shares in the company, valued at $11,890,685.82. This represents a 2.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intuit Stock Performance

Shares of NASDAQ:INTU traded up $2.34 during trading on Friday, reaching $750.24. The stock had a trading volume of 402,736 shares, compared to its average volume of 1,617,251. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $790.60. The firm has a market capitalization of $209.28 billion, a price-to-earnings ratio of 60.94, a P/E/G 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 stock has a fifty day simple moving average of $730.71 and a two-hundred day simple moving average of $645.99.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $7.56 billion. During the same quarter in the previous year, the firm posted $9.88 earnings per share. Intuit's revenue was up 15.1% compared to the same quarter last year. As a group, analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is currently 33.77%.

Hedge Funds Weigh In On Intuit

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock worth $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after buying an additional 482 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Intuit by 14.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock worth $1,252,000 after buying an additional 248 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Intuit by 78.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,693 shares of the software maker's stock worth $1,064,000 after buying an additional 746 shares in the last quarter. Finally, Sage Mountain Advisors LLC boosted its stake in Intuit by 9.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 1,282 shares of the software maker's stock worth $806,000 after buying an additional 114 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on INTU. Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Royal Bank Of Canada restated an "outperform" rating and set a $850.00 price target (up from $760.00) on shares of Intuit in a report on Friday, May 23rd. Oppenheimer restated an "outperform" rating and set a $742.00 price target (up from $642.00) on shares of Intuit in a report on Friday, May 23rd. The Goldman Sachs Group raised their price target on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Scotiabank raised 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 research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.