Intuit Inc. (NASDAQ:INTU) Director Sells $1,021,200.00 in Stock

Intuit Inc. (NASDAQ:INTU) Director Eve B. Burton sold 1,702 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total value of $1,021,200.00. Following the completion of the transaction, the director now owns 8 shares of the company’s stock, valued at $4,800. The trade was a 99.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Intuit Stock Performance

NASDAQ INTU opened at $604.04 on Friday. The business’s 50-day moving average price is $596.08 and its 200 day moving average price is $622.81. Intuit Inc. has a twelve month low of $553.24 and a twelve month high of $714.78. The company has a market capitalization of $168.87 billion, a PE ratio of 58.64, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be given a dividend of $1.04 per share. The ex-dividend date is Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.69%. Intuit’s dividend payout ratio (DPR) is presently 38.81%.

Wall Street Analyst Weigh In

Several research firms have issued reports on INTU. Oppenheimer increased their price objective on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. StockNews.com cut Intuit from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Stifel Nicolaus lowered their target price on Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Citigroup lowered their target price on Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Redburn Atlantic initiated coverage on Intuit in a report on Wednesday, February 19th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $721.61.

Hedge Funds Weigh In On Intuit

A number of large investors have recently modified their holdings of the company. DSG Capital Advisors LLC purchased a new position in shares of Intuit in the 4th quarter worth about $242,000. Chancellor Financial Group WB LP purchased a new position in shares of Intuit in the 4th quarter worth about $212,000. 111 Capital purchased a new position in shares of Intuit in the 4th quarter worth about $1,534,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Intuit by 4.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,676 shares of the software maker’s stock worth $19,280,000 after purchasing an additional 1,369 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of Intuit by 0.4% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 69,686 shares of the software maker’s stock worth $43,798,000 after purchasing an additional 286 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

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.