Intuit Inc. (NASDAQ:INTU - Get Free Report) EVP Alex G. Balazs sold 1,459 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $770.80, for a total value of $1,124,597.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Intuit Price Performance
Shares of NASDAQ:INTU traded up $1.71 during trading on Friday, hitting $768.35. 757,488 shares of the stock were exchanged, compared to its average volume of 1,615,916. The company has a market cap of $214.33 billion, a PE ratio of 74.60, a P/E/G ratio of 2.85 and a beta of 1.28. 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 company has a fifty day moving average price of $643.09 and a two-hundred day moving average price of $625.50. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $774.80.
Intuit (NASDAQ:INTU - Get Free Report) last released 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 business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the prior year, the firm posted $9.88 EPS. The business's revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.
Intuit Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 10th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's dividend payout ratio is currently 33.77%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of INTU. Peloton Wealth Strategists boosted its position in Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock valued at $2,710,000 after purchasing an additional 15 shares during the period. Decatur Capital Management Inc. grew its position in Intuit by 0.3% in the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock worth $3,069,000 after purchasing an additional 16 shares during the last quarter. NewSquare Capital LLC increased its stake in shares of Intuit by 72.0% in 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 during the period. Ethos Financial Group LLC boosted its position in shares of Intuit by 3.7% during the fourth quarter. Ethos Financial Group LLC now owns 508 shares of the software maker's stock worth $319,000 after buying an additional 18 shares during the period. Finally, Legacy Investment Solutions LLC boosted its position in shares of Intuit by 18.0% during the fourth quarter. Legacy Investment Solutions LLC now owns 118 shares of the software maker's stock worth $68,000 after buying an additional 18 shares during the period. Institutional investors own 83.66% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on INTU shares. Redburn Atlantic initiated coverage on Intuit in a research report on Wednesday, February 19th. They set a "neutral" rating on the stock. UBS Group set a $750.00 price objective on Intuit and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Piper Sandler reissued an "overweight" rating and issued a $825.00 target price (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. BMO Capital Markets restated an "outperform" rating and set a $820.00 price target (up from $714.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $850.00 price target (up previously from $760.00) on shares of Intuit in a research note on Friday, May 23rd. One 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $785.33.
View Our Latest Stock Report on INTU
About Intuit
(
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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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