Intuit Inc. (NASDAQ:INTU) Insider Scott D. Cook Sells 72,442 Shares

Intuit Inc. (NASDAQ:INTU - Get Free Report) insider Scott D. Cook sold 72,442 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total value of $53,700,530.18. Following the completion of the sale, the insider now directly owns 6,063,495 shares in the company, valued at approximately $4,494,808,208.55. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Intuit Price Performance

INTU stock traded down $5.18 during midday trading on Friday, hitting $752.04. 2,887,091 shares of the stock were exchanged, compared to its average volume of 1,619,387. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock's 50-day moving average price is $630.69 and its 200-day moving average price is $622.93. The stock has a market cap of $209.78 billion, a price-to-earnings ratio of 73.01, a PEG ratio of 2.85 and a beta of 1.24. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $761.02.

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

Intuit Announces Dividend

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 given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's dividend payout ratio is currently 33.77%.

Institutional Investors Weigh In On Intuit

Hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd purchased a new stake in shares of Intuit in the fourth quarter valued at $25,000. Copia Wealth Management purchased a new stake in shares of Intuit in the fourth quarter valued at $25,000. NewSquare Capital LLC grew its position 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. Heck Capital Advisors LLC purchased a new stake in shares of Intuit in the fourth quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Intuit in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BMO Capital Markets reaffirmed an "outperform" rating and issued a $820.00 price target (up previously from $714.00) on shares of Intuit in a research note on Friday, May 23rd. HSBC raised Intuit from a "hold" rating to a "buy" rating and set a $699.00 target price on the stock in a research note on Wednesday, April 23rd. 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 report on Friday, May 23rd. Stifel Nicolaus increased their price objective on Intuit from $725.00 to $850.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Morgan Stanley restated an "overweight" rating and set a $785.00 price target (up previously from $720.00) on shares of Intuit in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $785.33.

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.