Eve B. Burton Sells 1,702 Shares of Intuit Inc. (NASDAQ:INTU) Stock

Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Eve B. Burton sold 1,702 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $600.00, for a total value of $1,021,200.00. Following the completion of the sale, the director now directly owns 8 shares of the company's stock, valued at approximately $4,800. This trade represents a 99.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Intuit Trading Up 0.9 %

Shares of NASDAQ INTU traded up $5.63 during trading on Tuesday, reaching $618.72. The company had a trading volume of 1,126,519 shares, compared to its average volume of 1,439,323. The company's fifty day moving average price is $596.08 and its 200-day moving average price is $622.74. Intuit Inc. has a 12 month low of $553.24 and a 12 month high of $714.78. The stock has a market cap of $172.97 billion, a P/E ratio of 60.07, a PEG ratio of 2.85 and a beta of 1.27. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, April 10th. Intuit's dividend payout ratio is currently 38.81%.

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Analyst Ratings Changes

Several brokerages have issued reports on INTU. Piper Sandler restated an "overweight" rating and issued a $785.00 price target (up from $765.00) on shares of Intuit in a report on Wednesday, February 26th. BNP Paribas cut Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 target price on the stock. in a research note on Wednesday, January 15th. StockNews.com downgraded Intuit from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Citigroup lowered their price objective on shares of Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, Scotiabank reduced their target price on shares of Intuit from $700.00 to $600.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and an average target price of $721.61.

Institutional Investors Weigh In On Intuit

Several institutional investors and hedge funds have recently made changes to their positions in the business. DSG Capital Advisors LLC acquired a new stake in Intuit in the fourth quarter worth $242,000. Chancellor Financial Group WB LP acquired a new stake in shares of Intuit in the 4th quarter valued at about $212,000. 111 Capital bought a new stake in Intuit in the 4th quarter valued at about $1,534,000. Wealth Enhancement Advisory Services LLC raised its stake in Intuit by 4.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,676 shares of the software maker's stock worth $19,280,000 after buying an additional 1,369 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its stake in Intuit by 0.4% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 69,686 shares of the software maker's stock valued at $43,798,000 after acquiring an additional 286 shares during the period. 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.