Intuit Inc. (NASDAQ:INTU) CFO Sells 109 Shares

Intuit Inc. (NASDAQ:INTU) CFO Sandeep Aujla sold 109 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $628.50, for a total transaction of $68,506.50. Following the completion of the sale, the chief financial officer now directly owns 1,944 shares of the company’s stock, valued at approximately $1,221,804. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, October 10th, Sandeep Aujla sold 4,000 shares of Intuit stock. The stock was sold at an average price of $617.28, for a total transaction of $2,469,120.00.

Intuit Stock Down 0.8 %

Shares of INTU traded down $5.07 during midday trading on Monday, hitting $625.16. The company had a trading volume of 1,260,667 shares, compared to its average volume of 1,144,677. 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 $174.99 billion, a P/E ratio of 60.70, a P/E/G ratio of 3.24 and a beta of 1.25. 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 company’s 50-day simple moving average is $649.04 and its 200-day simple moving average is $638.38.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. As a group, sell-side analysts expect that Intuit Inc. will post 14.07 EPS for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be issued a $1.04 dividend. The ex-dividend date is Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.67%. Intuit’s payout ratio is currently 40.39%.

Institutional Investors Weigh In On Intuit

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fairway Wealth LLC purchased a new position in Intuit in the second quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Intuit in the 3rd quarter valued at $27,000. Denver PWM LLC purchased a new position in shares of Intuit in the 3rd quarter valued at $32,000. Trifecta Capital Advisors LLC raised its stake in Intuit by 145.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 59 shares of the software maker’s stock worth $39,000 after acquiring an additional 35 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in Intuit by 275.0% in the second quarter. HHM Wealth Advisors LLC now owns 60 shares of the software maker’s stock valued at $39,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on INTU. StockNews.com downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Piper Sandler decreased their price objective on shares of Intuit from $768.00 to $765.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their price objective on shares of Intuit from $600.00 to $640.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Stifel Nicolaus decreased their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Finally, Scotiabank began coverage on Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $737.44.

About Intuit

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.