Intuit Inc. (NASDAQ:INTU) EVP Sells $18,264,979.33 in Stock

Intuit Inc. (NASDAQ:INTU - Get Free Report) EVP Laura A. Fennell sold 25,049 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $729.17, for a total transaction of $18,264,979.33. Following the transaction, the executive vice president now owns 22,796 shares of the company's stock, valued at approximately $16,622,159.32. The trade was a 52.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Intuit Stock Down 0.0%

Shares of INTU traded down $0.33 on Tuesday, reaching $764.66. The company's stock had a trading volume of 1,526,670 shares, compared to its average volume of 1,620,227. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $771.38. The stock has a market capitalization of $213.30 billion, a PE ratio of 74.24, a PEG ratio of 2.85 and a beta of 1.24. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $633.69 and a 200-day moving average of $622.92.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data 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 18.25% and a net margin of 17.59%. The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the company posted $9.88 EPS. The company's revenue for the quarter was up 15.1% on a year-over-year basis. Equities analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The company also recently declared 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 dividend yield of 0.54%. The ex-dividend date is Thursday, July 10th. Intuit's payout ratio is currently 33.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group set a $750.00 target price on shares of Intuit and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Piper Sandler reissued an "overweight" rating and set a $825.00 target price (up previously from $785.00) on shares of Intuit in a research note on Friday, May 23rd. The Goldman Sachs Group lifted their target price on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Wells Fargo & Company reissued an "overweight" rating and set a $825.00 target price (up previously from $775.00) on shares of Intuit in a research note on Friday, May 23rd. Finally, Redburn Atlantic assumed coverage on shares of Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $785.33.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Intuit during the fourth quarter valued at about $25,000. Copia Wealth Management purchased a new stake in Intuit during the fourth quarter valued at about $25,000. NewSquare Capital LLC raised its position in Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after purchasing an additional 18 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Intuit during the fourth quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Intuit during the 4th quarter valued at approximately $28,000. 83.66% of the stock is owned by institutional investors.

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.