Intuit Inc. (NASDAQ:INTU) CAO Lauren D. Hotz Sells 1,738 Shares

Intuit Inc. (NASDAQ:INTU) CAO Lauren D. Hotz sold 1,738 shares of the firm’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $784.09, for a total value of $1,362,748.42. Following the completion of the sale, the chief accounting officer now directly owns 455 shares of the company’s stock, valued at approximately $356,760.95. This represents a 79.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Intuit Trading Up 0.5%

Intuit stock opened at $776.57 on Friday. The firm has a market cap of $216.62 billion, a PE ratio of 63.03, a P/E/G ratio of 3.44 and a beta of 1.28. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $787.22. The stock’s 50 day simple moving average is $700.54 and its two-hundred day simple moving average is $638.60. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.89 by $0.76. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.88 earnings per share. Analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Thursday, July 10th. Intuit’s dividend payout ratio (DPR) is presently 33.77%.

Analysts Set New Price Targets

Several brokerages recently commented on INTU. Mizuho increased their price objective on shares of Intuit from $750.00 to $765.00 and gave the company an “outperform” rating in a research report on Monday, March 3rd. Evercore ISI upped their price target on shares of Intuit from $685.00 to $785.00 and gave the company an “outperform” rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Intuit from $660.00 to $770.00 and gave the stock an “overweight” rating in a research note on Friday, May 23rd. Susquehanna reissued a “positive” rating on shares of Intuit in a report on Friday, May 23rd. Finally, HSBC raised Intuit from a “hold” rating to a “buy” rating and set a $699.00 target price on the stock in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $793.05.

Hedge Funds Weigh In On Intuit

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after acquiring an additional 482 shares during the period. Bank Pictet & Cie Europe AG grew its stake in Intuit by 14.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker’s stock valued at $1,252,000 after acquiring an additional 248 shares during the period. Whipplewood Advisors LLC purchased a new stake in Intuit in the 4th quarter worth $62,000. Finally, SRN Advisors LLC raised its position in Intuit by 11.1% during the fourth quarter. SRN Advisors LLC now owns 1,547 shares of the software maker’s stock worth $972,000 after acquiring an additional 155 shares during the period. 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.