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

Intuit Inc. (NASDAQ:INTU) CFO Sandeep Aujla sold 775 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total value of $466,015.25. Following the transaction, the chief financial officer now owns 4,451 shares in the company, valued at $2,676,430.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, September 4th, Sandeep Aujla sold 862 shares of Intuit stock. The stock was 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 value of $19,921.60.

Intuit Trading Down 0.6 %

INTU traded down $3.47 during trading on Thursday, reaching $603.81. The company had a trading volume of 1,289,842 shares, compared to its average volume of 1,330,588. The firm’s 50-day simple moving average is $633.29 and its 200 day simple moving average is $629.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $168.79 billion, a price-to-earnings ratio of 55.70, a PEG ratio of 3.13 and a beta of 1.24. Intuit Inc. has a 12-month low of $473.56 and a 12-month high of $676.62.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping the consensus estimate of $1.85 by $0.14. Intuit had a net margin of 18.19% and a return on equity of 18.64%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. Equities research analysts anticipate 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. Shareholders of record on Thursday, October 10th will be paid a dividend of $1.04 per share. This is an increase from Intuit’s previous quarterly dividend of $0.90. This represents a $4.16 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, October 10th. Intuit’s payout ratio is 38.38%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America upped their price target on shares of Intuit from $730.00 to $780.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. upped their target price on shares of Intuit from $585.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Stifel Nicolaus lifted their price target on Intuit from $690.00 to $795.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Barclays decreased their price objective on Intuit from $745.00 to $740.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Finally, Jefferies Financial Group raised their target price on Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $735.71.

Institutional Trading of Intuit

Hedge funds have recently modified their holdings of the business. Intech Investment Management LLC lifted its stake in Intuit by 134.7% in the 1st quarter. Intech Investment Management LLC now owns 4,601 shares of the software maker’s stock worth $2,991,000 after acquiring an additional 2,641 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Intuit by 1.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 179,801 shares of the software maker’s stock valued at $112,381,000 after purchasing an additional 1,990 shares in the last quarter. Wellington Management Group LLP grew its position in Intuit by 173.0% during the fourth quarter. Wellington Management Group LLP now owns 3,687,583 shares of the software maker’s stock valued at $2,304,850,000 after purchasing an additional 2,336,654 shares in the last quarter. Cetera Advisors LLC increased its stake in Intuit by 33.4% in the 1st quarter. Cetera Advisors LLC now owns 10,607 shares of the software maker’s stock valued at $6,895,000 after buying an additional 2,655 shares during the period. Finally, Park Avenue Securities LLC lifted its position in Intuit by 13.4% in the 2nd quarter. Park Avenue Securities LLC now owns 11,257 shares of the software maker’s stock worth $7,398,000 after buying an additional 1,328 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

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.