Intuit Inc. (NASDAQ:INTU) Director Sells $255,887.19 in Stock

Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Richard L. Dalzell sold 333 shares of the firm'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 completion of the transaction, the director owned 15,474 shares in the company, valued at $11,890,685.82. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Intuit Stock Performance

INTU stock traded down $21.69 during mid-day trading on Thursday, reaching $747.90. The company had a trading volume of 1,782,049 shares, compared to its average volume of 1,623,372. Intuit Inc. has a one year low of $532.65 and a one year high of $790.60. The stock's 50-day simple moving average is $728.22 and its two-hundred day simple moving average is $645.23. 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 market capitalization of $208.63 billion, a P/E ratio of 60.71, a P/E/G ratio of 3.48 and a beta of 1.27.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $7.56 billion. During the same period in the previous year, the business earned $9.88 earnings per share. The company's revenue was up 15.1% on a year-over-year basis. Research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on INTU. CLSA began coverage on shares of Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target on the stock. Wall Street Zen raised shares of Intuit from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $742.00 price objective (up previously from $642.00) on shares of Intuit in a research report on Friday, May 23rd. The Goldman Sachs Group increased their price objective on shares of Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, Barclays reaffirmed 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. One investment 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 given a strong buy rating to the company's stock. According to MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and an average target price of $800.55.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INTU. Copia Wealth Management acquired a new stake in shares of Intuit in the fourth quarter worth $25,000. Summit Securities Group LLC acquired a new stake in shares of Intuit during the 4th quarter valued at $28,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit during the 4th quarter valued at $28,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Intuit by 1,566.7% during the first 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. Finally, TD Capital Management LLC raised its holdings in shares of Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

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.

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