Intuit Inc. (NASDAQ:INTU - Get Free Report) insider Scott D. Cook sold 73,655 shares of Intuit stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total transaction of $48,976,155.70. Following the completion of the transaction, the insider now directly owns 6,301,286 shares of the company's stock, valued at $4,189,977,112.84. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Intuit Price Performance
INTU stock opened at $643.39 on Friday. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The firm has a market capitalization of $180.10 billion, a PE ratio of 62.47, a price-to-earnings-growth ratio of 3.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50 day simple moving average of $644.08 and a 200-day simple moving average of $634.22.
Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the company earned $1.14 EPS. Equities research analysts anticipate that Intuit Inc. will post 14.07 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be paid a $1.04 dividend. The ex-dividend date is Thursday, January 9th. This represents a $4.16 annualized dividend and a dividend yield of 0.65%. Intuit's dividend payout ratio (DPR) is 40.39%.
Institutional Trading of Intuit
Institutional investors have recently made changes to their positions in the company. Cornerstone Wealth Group LLC lifted its stake in shares of Intuit by 54.3% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 668 shares of the software maker's stock valued at $439,000 after purchasing an additional 235 shares during the last quarter. Diversified LLC acquired a new stake in Intuit in the 2nd quarter valued at approximately $209,000. LRI Investments LLC raised its position in Intuit by 915.2% in the second quarter. LRI Investments LLC now owns 1,005 shares of the software maker's stock valued at $660,000 after purchasing an additional 906 shares during the period. Bank of Stockton lifted its stake in Intuit by 7.5% during the second quarter. Bank of Stockton now owns 360 shares of the software maker's stock worth $237,000 after purchasing an additional 25 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG purchased a new position in shares of Intuit during the second quarter worth $605,000. Hedge funds and other institutional investors own 83.66% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Stifel Nicolaus cut their price target on Intuit from $795.00 to $725.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Barclays cut their price objective on Intuit from $800.00 to $775.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Scotiabank began coverage on Intuit in a research report on Monday, November 18th. They set a "sector perform" rating and a $700.00 target price on the stock. Jefferies Financial Group boosted their price target on shares of Intuit from $790.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Finally, Piper Sandler decreased their price objective on shares of Intuit from $768.00 to $765.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Intuit has a consensus rating of "Moderate Buy" and an average price target of $737.44.
View Our Latest Analysis on INTU
Intuit Company Profile
(
Get Free Report)
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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