Insider Selling: Intuit Inc. (NASDAQ:INTU) EVP Sells 469 Shares of Stock

Intuit Inc. (NASDAQ:INTU - Get Free Report) EVP Mark P. Notarainni sold 469 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $725.00, for a total value of $340,025.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at $13,775. This trade represents a 96.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Intuit Trading Down 0.0%

Shares of NASDAQ INTU traded down $0.33 during midday trading on Tuesday, reaching $764.66. 1,526,670 shares of the stock were exchanged, compared to its average volume of 1,620,227. The company has a 50 day simple moving average of $633.69 and a 200 day simple moving average of $622.92. The stock has a market capitalization of $213.30 billion, a P/E ratio of 74.24, a PEG ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $771.38.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping analysts' consensus estimates of $10.89 by $0.76. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $7.75 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter last year, the company posted $9.88 EPS. The firm's quarterly revenue was up 15.1% on a year-over-year basis. As a group, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

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 issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is 33.77%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays reiterated an "overweight" rating and set a $815.00 target price (up from $775.00) on shares of Intuit in a research note on Friday, May 23rd. Jefferies Financial Group set a $850.00 target price on Intuit and gave the company a "buy" rating in a research note on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and set a $785.00 target price (up from $720.00) on shares of Intuit in a research note on Friday, May 23rd. Mizuho increased their target price on Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research note on Monday, March 3rd. Finally, Redburn Atlantic assumed coverage on Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Intuit has an average rating of "Moderate Buy" and a consensus target price of $785.33.

Institutional Trading of Intuit

Several institutional investors and hedge funds have recently made changes to their positions in INTU. R Squared Ltd purchased a new stake in shares of Intuit in the 4th quarter valued at about $25,000. Copia Wealth Management purchased a new stake in shares of Intuit in the 4th quarter valued at about $25,000. NewSquare Capital LLC increased its position in Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after acquiring an additional 18 shares during the period. Heck Capital Advisors LLC acquired a new position in Intuit in the 4th quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Intuit in the 4th quarter valued at about $28,000. 83.66% of the stock is owned by hedge funds and other 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.