Intuit Inc. (NASDAQ:INTU) EVP Mark P. Notarainni Sells 3,649 Shares

Intuit Inc. (NASDAQ:INTU) EVP Mark P. Notarainni sold 3,649 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $646.68, for a total value of $2,359,735.32. Following the completion of the sale, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $12,286.92. This trade represents a 99.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Intuit Stock Up 0.0 %

NASDAQ INTU traded up $0.11 during mid-day trading on Monday, reaching $646.58. The stock had a trading volume of 1,378,936 shares, compared to its average volume of 1,362,605. The stock has a market cap of $180.99 billion, a PE ratio of 62.77, a price-to-earnings-growth ratio of 3.19 and a beta of 1.25. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The company has a fifty day moving average price of $635.59 and a 200 day moving average price of $630.43.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the firm posted $1.14 earnings per share. Intuit’s revenue was up 10.2% compared to the same quarter last year. On average, research analysts expect that Intuit Inc. will post 14.07 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 9th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $4.16 dividend on an annualized basis and a yield of 0.64%. Intuit’s dividend payout ratio (DPR) is 40.39%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Piper Sandler cut their price objective on Intuit from $768.00 to $765.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Oppenheimer increased their target price on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Barclays dropped their price target on Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, StockNews.com downgraded Intuit from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $737.44.

Institutional Investors Weigh In On Intuit

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTU. LVW Advisors LLC grew its holdings in shares of Intuit by 20.5% in the second quarter. LVW Advisors LLC now owns 394 shares of the software maker’s stock worth $259,000 after acquiring an additional 67 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Intuit by 7.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,408 shares of the software maker’s stock valued at $8,155,000 after purchasing an additional 837 shares during the period. WASHINGTON TRUST Co lifted its stake in shares of Intuit by 10.5% in the 2nd quarter. WASHINGTON TRUST Co now owns 168 shares of the software maker’s stock worth $110,000 after purchasing an additional 16 shares during the period. Roman Butler Fullerton & Co. bought a new position in shares of Intuit in the 2nd quarter worth approximately $408,000. Finally, M&G Plc boosted its holdings in shares of Intuit by 4.4% in the second quarter. M&G Plc now owns 36,648 shares of the software maker’s stock worth $24,078,000 after buying an additional 1,542 shares during 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.