Scott D. Cook Sells 14,748 Shares of Intuit Inc. (NASDAQ:INTU) Stock

Intuit Inc. (NASDAQ:INTUGet Free Report) insider Scott D. Cook sold 14,748 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $567.40, for a total value of $8,368,015.20. Following the sale, the insider now owns 6,701,721 shares of the company’s stock, valued at approximately $3,802,556,495.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Intuit Stock Up 2.4 %

INTU opened at $576.44 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.32. The firm has a market cap of $161.14 billion, a P/E ratio of 53.18, a PEG ratio of 3.35 and a beta of 1.22. Intuit Inc. has a 52 week low of $400.22 and a 52 week high of $676.62. The business’s fifty day simple moving average is $629.49 and its 200 day simple moving average is $623.46.

Intuit (NASDAQ:INTUGet Free Report) last released its earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share for the quarter, topping the consensus estimate of $8.12 by $1.76. Intuit had a return on equity of 18.61% and a net margin of 19.43%. The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the prior year, the business posted $7.80 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Intuit Inc. will post 11.28 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 10th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $3.60 annualized dividend and a yield of 0.62%. Intuit’s dividend payout ratio (DPR) is presently 33.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating and set a $700.00 price target on shares of Intuit in a research note on Tuesday, March 26th. Wells Fargo & Company upped their price objective on Intuit from $725.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Morgan Stanley upped their price objective on Intuit from $680.00 to $740.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. UBS Group upped their price objective on Intuit from $625.00 to $670.00 and gave the stock a “neutral” rating in a report on Monday, May 20th. Finally, Bank of America dropped their price objective on Intuit from $760.00 to $730.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Four analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $679.41.

Read Our Latest Analysis on INTU

Hedge Funds Weigh In On Intuit

Several large investors have recently added to or reduced their stakes in INTU. Desjardins Global Asset Management Inc. raised its holdings in shares of Intuit by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,181 shares of the software maker’s stock worth $738,000 after purchasing an additional 16 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Intuit by 1.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,564 shares of the software maker’s stock worth $978,000 after purchasing an additional 16 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Intuit by 3.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 449 shares of the software maker’s stock worth $281,000 after purchasing an additional 16 shares during the period. GAM Holding AG raised its holdings in shares of Intuit by 0.3% in the 4th quarter. GAM Holding AG now owns 5,873 shares of the software maker’s stock worth $3,671,000 after purchasing an additional 17 shares during the period. Finally, Janiczek Wealth Management LLC raised its holdings in shares of Intuit by 2.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 716 shares of the software maker’s stock worth $448,000 after purchasing an additional 17 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

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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Insider Buying and Selling by Quarter for Intuit (NASDAQ:INTU)

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