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

Intuit Inc. (NASDAQ:INTU - Get Free Report) CFO Sandeep Aujla sold 1,300 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $626.42, for a total transaction of $814,346.00. Following the transaction, the chief financial officer now owns 644 shares of the company's stock, valued at $403,414.48. This trade represents a 66.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $68,506.50.

Intuit Stock Down 0.4 %

Shares of INTU traded down $2.62 during mid-day trading on Friday, reaching $623.43. 2,390,035 shares of the stock traded hands, compared to its average volume of 1,303,589. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $649.58 and a 200 day simple moving average of $638.15. The firm has a market cap of $174.51 billion, a price-to-earnings ratio of 60.53, a P/E/G ratio of 3.24 and a beta of 1.25. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business's revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. Sell-side analysts expect that Intuit Inc. will post 14.07 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, January 10th. Intuit's dividend payout ratio is presently 40.39%.

Hedge Funds Weigh In On Intuit

A number of hedge funds have recently added to or reduced their stakes in the business. Graypoint LLC boosted its holdings in shares of Intuit by 65.8% during the fourth quarter. Graypoint LLC now owns 4,045 shares of the software maker's stock valued at $2,542,000 after acquiring an additional 1,606 shares during the period. RMR Wealth Builders boosted its holdings in shares of Intuit by 7.6% during the fourth quarter. RMR Wealth Builders now owns 2,511 shares of the software maker's stock valued at $1,578,000 after acquiring an additional 177 shares during the period. Tilia Fiduciary Partners Inc. boosted its holdings in shares of Intuit by 2.0% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 3,075 shares of the software maker's stock valued at $1,933,000 after acquiring an additional 59 shares during the period. Jacobs & Co. CA boosted its holdings in shares of Intuit by 2.8% during the fourth quarter. Jacobs & Co. CA now owns 13,348 shares of the software maker's stock valued at $8,389,000 after acquiring an additional 359 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Intuit by 2.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,353 shares of the software maker's stock valued at $2,107,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on INTU. Barclays lowered their target price on shares of Intuit from $800.00 to $775.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. Oppenheimer upped their target price on shares of Intuit from $712.00 to $722.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Piper Sandler restated an "overweight" rating and issued a $765.00 target price on shares of Intuit in a report on Friday. Scotiabank began coverage on shares of Intuit in a research note on Monday, November 18th. They set a "sector perform" rating and a $700.00 price target for the company. Finally, Morgan Stanley increased their price target on shares of Intuit from $685.00 to $730.00 and gave the stock an "equal weight" rating in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.