Intuit Inc. (NASDAQ:INTU - Get Free Report) CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the transaction, the chief accounting officer now owns 455 shares of the company's stock, valued at $356,760.95. This represents a 79.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Intuit Price Performance
Shares of INTU stock traded up $3.71 during trading hours on Friday, hitting $776.57. 2,051,675 shares of the company's stock were exchanged, compared to its average volume of 1,614,033. The company has a market capitalization of $216.62 billion, a PE ratio of 63.03, a PEG ratio of 3.44 and a beta of 1.28. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $787.09. The business's 50 day simple moving average is $700.54 and its 200-day simple moving average is $638.60. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29.
Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping the consensus estimate of $10.89 by $0.76. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same period last year, the firm posted $9.88 earnings per share. The business's revenue was up 15.1% compared to the same quarter last year. On average, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.
Intuit Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio is 33.77%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on INTU shares. Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the company an "overweight" rating in a research report on Friday, June 13th. Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. BMO Capital Markets restated an "outperform" rating and issued a $820.00 price objective (up from $714.00) on shares of Intuit in a research report on Friday, May 23rd. Stifel Nicolaus raised their price objective on shares of Intuit from $725.00 to $850.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Bank of America raised their price objective on shares of Intuit from $730.00 to $875.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $793.05.
Get Our Latest Analysis on INTU
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Intuit by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock worth $107,854,000 after purchasing an additional 3,648 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of Intuit in the fourth quarter worth approximately $109,988,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Intuit in the fourth quarter valued at $237,244,000. Aigen Investment Management LP bought a new stake in Intuit in the fourth quarter valued at $2,958,000. Finally, Baer Investment Advisory LLC bought a new stake in Intuit in the fourth quarter valued at $3,261,000. Institutional investors own 83.66% of the company's stock.
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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