Intuit Inc. (NASDAQ:INTU) Chairman Scott D. Cook sold 184,733 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $158.98, for a total transaction of $29,368,852.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Intuit Inc. (NASDAQ INTU) traded down $0.12 on Friday, reaching $158.50. 679,889 shares of the company’s stock traded hands, compared to its average volume of 1,573,980. The firm has a market capitalization of $40,551.19, a P/E ratio of 42.04, a price-to-earnings-growth ratio of 2.86 and a beta of 1.18. Intuit Inc. has a 52 week low of $111.90 and a 52 week high of $161.44. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35.

Intuit (NASDAQ:INTU) last announced its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. The company had revenue of $886.00 million during the quarter, compared to the consensus estimate of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. Intuit’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. research analysts anticipate that Intuit Inc. will post 3.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Wednesday, January 10th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.56 annualized dividend and a yield of 0.98%. Intuit’s dividend payout ratio (DPR) is 41.38%.

Several brokerages recently issued reports on INTU. Zacks Investment Research lowered shares of Intuit from a “hold” rating to a “sell” rating in a report on Monday, November 27th. Morgan Stanley lifted their price objective on shares of Intuit from $110.00 to $120.00 and gave the company an “underweight” rating in a report on Tuesday, November 21st. Oppenheimer reissued a “buy” rating and set a $166.00 price objective (up from $159.00) on shares of Intuit in a report on Tuesday, November 21st. UBS lifted their price objective on shares of Intuit from $152.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, November 21st. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $180.00 price objective (up from $163.00) on shares of Intuit in a report on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $152.89.

Institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its stake in shares of Intuit by 1.7% during the third quarter. Parametric Portfolio Associates LLC now owns 1,098,518 shares of the software maker’s stock worth $156,143,000 after buying an additional 17,854 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Intuit during the third quarter worth $784,000. Coastline Trust Co acquired a new stake in shares of Intuit during the third quarter worth $208,000. Americafirst Capital Management LLC acquired a new stake in shares of Intuit during the third quarter worth $184,000. Finally, Cypress Capital Group lifted its position in Intuit by 4.4% during the third quarter. Cypress Capital Group now owns 18,007 shares of the software maker’s stock valued at $2,560,000 after purchasing an additional 756 shares during the period. Institutional investors own 86.03% of the company’s stock.

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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 ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.

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

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