Insider Selling: Intuit Inc. (INTU) Insider Sells 100,000 Shares of Stock

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Intuit Inc. (NASDAQ:INTU) insider Scott D. Cook sold 100,000 shares of the stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $209.41, for a total value of $20,941,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Intuit stock traded up $2.91 during trading hours on Wednesday, reaching $213.52. 1,235,675 shares of the company’s stock were exchanged, compared to its average volume of 1,434,400. Intuit Inc. has a 52-week low of $130.26 and a 52-week high of $213.76. The firm has a market cap of $53.67 billion, a PE ratio of 56.64, a P/E/G ratio of 2.90 and a beta of 1.16. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, May 22nd. The software maker reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.68 by $0.14. Intuit had a return on equity of 79.36% and a net margin of 20.39%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the company posted $3.90 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. equities research analysts anticipate that Intuit Inc. will post 4.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 18th. Shareholders of record on Tuesday, July 10th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Monday, July 9th. Intuit’s dividend payout ratio is presently 41.38%.

A number of equities research analysts have commented on INTU shares. Bank of America increased their target price on Intuit from $172.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Stifel Nicolaus increased their target price on Intuit from $148.00 to $170.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Credit Suisse Group increased their target price on Intuit from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Monday, March 12th. Finally, Barclays reiterated an “equal weight” rating and set a $170.00 target price (up previously from $168.00) on shares of Intuit in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $195.82.

Several institutional investors and hedge funds have recently modified their holdings of INTU. Massey Quick Simon & CO. LLC raised its position in shares of Intuit by 100.0% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 750 shares of the software maker’s stock worth $130,000 after buying an additional 375 shares during the period. Captrust Financial Advisors purchased a new position in shares of Intuit in the 4th quarter worth $158,000. Resources Investment Advisors Inc. raised its position in shares of Intuit by 158.9% in the 1st quarter. Resources Investment Advisors Inc. now owns 906 shares of the software maker’s stock worth $174,000 after buying an additional 556 shares during the period. Lake Street Advisors Group LLC purchased a new position in shares of Intuit in the 4th quarter worth $200,000. Finally, TLP Group LLC raised its position in shares of Intuit by 1,520.8% in the 1st quarter. TLP Group LLC now owns 1,167 shares of the software maker’s stock worth $202,000 after buying an additional 1,095 shares during the period. 87.34% of the stock is currently owned by institutional investors and hedge funds.

About Intuit

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.

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

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