Intuit Inc. (NASDAQ:INTU) CFO Sells $466,015.25 in Stock

Intuit Inc. (NASDAQ:INTU) CFO Sandeep Aujla sold 775 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $601.31, for a total transaction of $466,015.25. Following the completion of the transaction, the chief financial officer now directly owns 4,451 shares of the company’s stock, valued at approximately $2,676,430.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sandeep Aujla also recently made the following trade(s):

• On Wednesday, September 4th, Sandeep Aujla sold 862 shares of Intuit stock. The shares were sold at an average price of $621.03, for a total transaction of $535,327.86.
• On Monday, August 26th, Sandeep Aujla sold 32 shares of Intuit stock. The shares were sold at an average price of $622.55, for a total transaction of $19,921.60.

Intuit Price Performance

INTU opened at $610.67 on Friday. The company has a market cap of $170.71 billion, a P/E ratio of 56.33, a P/E/G ratio of 3.13 and a beta of 1.24. The company has a 50 day moving average of $632.84 and a two-hundred day moving average of $629.56. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 52-week low of $473.56 and a 52-week high of $676.62.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.14. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.08 billion. Intuit had a net margin of 18.19% and a return on equity of 18.64%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, analysts expect that Intuit Inc. will post 14.07 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, October 10th will be paid a $1.04 dividend. The ex-dividend date is Thursday, October 10th. This is an increase from Intuit’s previous quarterly dividend of $0.90. This represents a $4.16 annualized dividend and a dividend yield of 0.68%. Intuit’s dividend payout ratio is 38.38%.

Wall Street Analyst Weigh In

INTU has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price objective on shares of Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. BMO Capital Markets boosted their target price on shares of Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. boosted their target price on shares of Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Susquehanna restated a “positive” rating and issued a $757.00 target price on shares of Intuit in a report on Friday, August 16th. Finally, Stifel Nicolaus boosted their target price on shares of Intuit from $690.00 to $795.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $735.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Handelsbanken Fonder AB boosted its stake in shares of Intuit by 0.7% in the third quarter. Handelsbanken Fonder AB now owns 303,931 shares of the software maker’s stock valued at $188,741,000 after purchasing an additional 2,060 shares during the period. Rockland Trust Co. raised its holdings in Intuit by 1.6% in the third quarter. Rockland Trust Co. now owns 35,282 shares of the software maker’s stock valued at $21,910,000 after acquiring an additional 539 shares in the last quarter. Unique Wealth LLC raised its holdings in Intuit by 18.9% in the third quarter. Unique Wealth LLC now owns 3,693 shares of the software maker’s stock valued at $2,293,000 after acquiring an additional 587 shares in the last quarter. Czech National Bank raised its holdings in Intuit by 6.7% in the third quarter. Czech National Bank now owns 56,946 shares of the software maker’s stock valued at $35,363,000 after acquiring an additional 3,594 shares in the last quarter. Finally, Abacus Planning Group Inc. raised its holdings in Intuit by 6.9% in the third quarter. Abacus Planning Group Inc. now owns 2,844 shares of the software maker’s stock valued at $1,766,000 after acquiring an additional 184 shares in the last quarter. 83.66% of the stock is currently 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.