Intuit Inc. (NASDAQ:INTU) CFO Sandeep Aujla Sells 1,300 Shares

Intuit Inc. (NASDAQ:INTU) CFO Sandeep Aujla sold 1,300 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $626.42, for a total value of $814,346.00. Following the completion of the transaction, the chief financial officer now directly owns 644 shares of the company’s stock, valued at approximately $403,414.48. The trade was a 66.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, January 3rd, Sandeep Aujla sold 109 shares of Intuit stock. The shares were sold at an average price of $628.50, for a total value of $68,506.50.

Intuit Stock Performance

NASDAQ INTU opened at $623.43 on Friday. The firm has a market capitalization of $174.51 billion, a P/E ratio of 60.53, a PEG ratio of 3.24 and a beta of 1.25. The stock has a 50-day simple moving average of $649.58 and a two-hundred day simple moving average of $638.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a fifty-two week low of $557.29 and a fifty-two week high of $714.78.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the company posted $1.14 earnings per share. Intuit’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Intuit Inc. will post 14.07 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently declared 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 Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.67%. Intuit’s dividend payout ratio is presently 40.39%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INTU. Fairway Wealth LLC purchased a new position in shares of Intuit in the 2nd quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new stake in Intuit in the third quarter valued at approximately $27,000. Denver PWM LLC purchased a new stake in shares of Intuit in the third quarter valued at approximately $32,000. Dunhill Financial LLC raised its stake in shares of Intuit by 110.3% during the 3rd quarter. Dunhill Financial LLC now owns 61 shares of the software maker’s stock worth $38,000 after buying an additional 32 shares during the period. Finally, HHM Wealth Advisors LLC lifted its position in shares of Intuit by 275.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 60 shares of the software maker’s stock valued at $39,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INTU. Stifel Nicolaus cut their price objective on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Oppenheimer lifted their price target on shares of Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Jefferies Financial Group increased their price objective on Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Barclays dropped their target price on Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $760.00 price target on shares of Intuit in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $737.44.

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.