Intuit Inc. (NASDAQ:INTU - Get Free Report) EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $612.46, for a total value of $4,999,510.98. Following the transaction, the executive vice president now directly owns 21,882 shares of the company's stock, valued at $13,401,849.72. The trade was a 27.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Intuit Stock Up 0.9 %
Shares of INTU opened at $618.72 on Wednesday. The company's 50-day moving average price is $595.97 and its 200 day moving average price is $622.76. Intuit Inc. has a 12-month low of $553.24 and a 12-month high of $714.78. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a market cap of $172.97 billion, a P/E ratio of 60.07, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27.
Intuit Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, April 10th. Intuit's dividend payout ratio (DPR) is 38.81%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. BMO Capital Markets reduced their price objective on Intuit from $760.00 to $714.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of Intuit from a "neutral" rating to an "overweight" rating and increased their target price for the company from $640.00 to $660.00 in a research report on Wednesday, March 5th. Redburn Atlantic assumed coverage on shares of Intuit in a research report on Wednesday, February 19th. They set a "neutral" rating on the stock. Mizuho increased their price objective on shares of Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a report on Monday, March 3rd. Finally, Piper Sandler restated an "overweight" rating and set a $785.00 target price (up from $765.00) on shares of Intuit in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $721.61.
Read Our Latest Report on Intuit
Hedge Funds Weigh In On Intuit
A number of hedge funds have recently made changes to their positions in INTU. Norges Bank acquired a new position in Intuit during the fourth quarter worth $2,290,419,000. Proficio Capital Partners LLC lifted its stake in Intuit by 112,233.1% during the 4th quarter. Proficio Capital Partners LLC now owns 1,063,794 shares of the software maker's stock worth $668,595,000 after acquiring an additional 1,062,847 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Intuit by 33.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after acquiring an additional 771,232 shares during the period. Wellington Management Group LLP grew its position in Intuit by 13.3% in the 4th quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock valued at $3,329,115,000 after acquiring an additional 620,559 shares in the last quarter. Finally, Unisphere Establishment increased its stake in Intuit by 50.0% during the fourth quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock worth $942,750,000 after purchasing an additional 500,000 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.
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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