Intuit Inc. (NASDAQ:INTU) Shares Sold by Exane Derivatives

Exane Derivatives cut its position in Intuit Inc. (NASDAQ:INTUGet Rating) by 75.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148 shares of the software maker’s stock after selling 447 shares during the period. Exane Derivatives’ holdings in Intuit were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Castleview Partners LLC acquired a new stake in shares of Intuit in the fourth quarter worth approximately $25,000. San Luis Wealth Advisors LLC acquired a new position in Intuit during the first quarter worth $26,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in Intuit during the fourth quarter worth $28,000. Activest Wealth Management acquired a new position in Intuit during the first quarter worth $29,000. Finally, Motco acquired a new position in Intuit during the first quarter worth $45,000. 83.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTU has been the topic of a number of recent research reports. Evercore ISI boosted their price objective on Intuit from $500.00 to $601.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 24th. Oppenheimer boosted their price objective on Intuit from $476.00 to $516.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 24th. Wells Fargo & Company lowered their price objective on Intuit from $635.00 to $550.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 25th. Piper Sandler upped their price target on Intuit from $500.00 to $553.00 and gave the company an “overweight” rating in a research note on Wednesday, August 24th. Finally, KeyCorp upped their price target on Intuit from $475.00 to $525.00 and gave the company an “overweight” rating in a research note on Wednesday, August 24th. Two analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $570.61.

Intuit Price Performance

Shares of NASDAQ INTU opened at $408.68 on Thursday. The stock’s 50-day moving average is $442.05 and its two-hundred day moving average is $429.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.39. Intuit Inc. has a 1-year low of $339.36 and a 1-year high of $716.86. The company has a market cap of $115.19 billion, a price-to-earnings ratio of 56.37, a price-to-earnings-growth ratio of 2.91 and a beta of 1.19.

Intuit (NASDAQ:INTUGet Rating) last issued its quarterly earnings results on Tuesday, August 23rd. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.12. Intuit had a return on equity of 16.47% and a net margin of 16.23%. During the same quarter in the prior year, the business posted $1.28 EPS. Analysts forecast that Intuit Inc. will post 9.1 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Monday, October 10th will be issued a dividend of $0.78 per share. This is an increase from Intuit’s previous quarterly dividend of $0.68. The ex-dividend date is Thursday, October 6th. This represents a $3.12 annualized dividend and a yield of 0.76%. Intuit’s dividend payout ratio is 37.52%.

Insider Transactions at Intuit

In other news, EVP James Alexander Chriss sold 1,071 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $462.09, for a total transaction of $494,898.39. Following the completion of the transaction, the executive vice president now directly owns 1,003 shares of the company’s stock, valued at approximately $463,476.27. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Michelle M. Clatterbuck sold 1,791 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $462.12, for a total value of $827,656.92. Following the completion of the sale, the chief financial officer now directly owns 1,350 shares of the company’s stock, valued at approximately $623,862. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James Alexander Chriss sold 1,071 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $462.09, for a total value of $494,898.39. Following the completion of the sale, the executive vice president now directly owns 1,003 shares of the company’s stock, valued at $463,476.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,318 shares of company stock valued at $18,027,628. 3.27% of the stock is currently owned by corporate insiders.

Intuit Profile

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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 ProConnect.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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