Intuit Inc. (NASDAQ:INTU) VP Mark J. Flournoy sold 1,892 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $115.47, for a total value of $218,469.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Intuit Inc. (NASDAQ:INTU) traded up 0.66% during mid-day trading on Tuesday, reaching $116.43. The company had a trading volume of 1,382,824 shares. Intuit Inc. has a 52 week low of $88.17 and a 52 week high of $116.97. The stock has a 50 day moving average of $108.79 and a 200 day moving average of $109.32. The stock has a market capitalization of $30.03 billion, a price-to-earnings ratio of 31.53 and a beta of 1.08.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. Intuit had a return on equity of 82.77% and a net margin of 20.59%. The company had revenue of $778 million for the quarter, compared to analyst estimates of $754.36 million. During the same period last year, the company earned $0.09 earnings per share. Intuit’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts anticipate that Intuit Inc. will post $4.34 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 18th. Shareholders of record on Tuesday, January 10th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, January 6th. Intuit’s payout ratio is currently 36.27%.

INTU has been the subject of a number of recent research reports. Zacks Investment Research downgraded Intuit from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Royal Bank Of Canada cut their price objective on Intuit from $113.00 to $93.00 and set a “sector perform” rating for the company in a research note on Monday, August 15th. RBC Capital Markets restated a “sector perform” rating and issued a $113.00 price target (up from $93.00) on shares of Intuit in a research note on Monday, August 15th. Citigroup Inc. restated a “buy” rating and issued a $128.00 price target on shares of Intuit in a research note on Wednesday, August 24th. Finally, Credit Suisse Group AG restated a “neutral” rating and issued a $100.00 price target on shares of Intuit in a research note on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. Intuit presently has an average rating of “Hold” and a consensus price target of $200.83.

Hedge funds have recently modified their holdings of the stock. Capital World Investors raised its stake in shares of Intuit by 6.3% in the second quarter. Capital World Investors now owns 25,318,000 shares of the company’s stock valued at $2,825,742,000 after buying an additional 1,498,606 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Intuit by 0.6% in the second quarter. Vanguard Group Inc. now owns 15,684,079 shares of the company’s stock valued at $1,750,501,000 after buying an additional 95,073 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Intuit by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,489,258 shares of the company’s stock worth $835,876,000 after buying an additional 21,417 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Intuit by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 6,181,276 shares of the company’s stock worth $689,891,000 after buying an additional 265,334 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Intuit by 10.9% in the second quarter. FMR LLC now owns 4,090,210 shares of the company’s stock worth $456,508,000 after buying an additional 401,036 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors.

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About Intuit

Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others.

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