Intuit Inc. (NASDAQ:INTU) Chairman Scott D. Cook sold 103,817 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $258.59, for a total transaction of $26,846,038.03. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

INTU stock opened at $257.39 on Thursday. The company has a market capitalization of $66.75 billion, a PE ratio of 56.82, a price-to-earnings-growth ratio of 2.92 and a beta of 1.10. Intuit Inc. has a 12 month low of $182.61 and a 12 month high of $272.14. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.10.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, May 23rd. The software maker reported $5.55 EPS for the quarter, beating the consensus estimate of $5.12 by $0.43. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.23 billion. Intuit had a net margin of 24.34% and a return on equity of 52.65%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $4.82 earnings per share. Equities analysts anticipate that Intuit Inc. will post 5.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $1.88 annualized dividend and a dividend yield of 0.73%. Intuit’s dividend payout ratio is presently 41.50%.

Several hedge funds have recently added to or reduced their stakes in INTU. Financial Advantage Inc. acquired a new stake in Intuit during the first quarter worth approximately $26,000. CX Institutional boosted its position in Intuit by 85.5% during the first quarter. CX Institutional now owns 102 shares of the software maker’s stock worth $27,000 after acquiring an additional 47 shares during the last quarter. Athena Capital Advisors LLC acquired a new stake in Intuit during the fourth quarter worth approximately $28,000. Financial Gravity Wealth Inc. acquired a new stake in Intuit during the first quarter worth approximately $28,000. Finally, Private Ocean LLC acquired a new stake in Intuit during the first quarter worth approximately $28,000. Institutional investors and hedge funds own 87.97% of the company’s stock.

INTU has been the topic of several recent analyst reports. BidaskClub upgraded shares of Intuit from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. Credit Suisse Group restated a “hold” rating and set a $255.00 target price on shares of Intuit in a research report on Thursday, February 21st. Zacks Investment Research upgraded shares of Intuit from a “hold” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a research report on Tuesday, February 26th. ValuEngine upgraded shares of Intuit from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. Finally, Bank of America restated a “buy” rating and set a $264.00 target price (up from $252.00) on shares of Intuit in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $252.55.

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Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.

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