Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 1,871 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $135.29, for a total value of $253,127.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Henry Tayloe Stansbury also recently made the following trade(s):
- On Wednesday, May 31st, Henry Tayloe Stansbury sold 39,230 shares of Intuit stock. The shares were sold at an average price of $140.25, for a total value of $5,502,007.50.
- On Friday, May 26th, Henry Tayloe Stansbury sold 3,742 shares of Intuit stock. The shares were sold at an average price of $137.92, for a total value of $516,096.64.
Intuit Inc. (INTU) traded down 0.90% during mid-day trading on Friday, reaching $135.64. The company’s stock had a trading volume of 979,628 shares. Intuit Inc. has a 1-year low of $103.22 and a 1-year high of $143.81. The firm has a 50 day moving average price of $136.01 and a 200-day moving average price of $126.38. The company has a market capitalization of $34.75 billion, a PE ratio of 38.98 and a beta of 1.14.
Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, May 23rd. The software maker reported $3.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.87 by $0.03. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Intuit had a return on equity of 80.88% and a net margin of 17.82%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.43 EPS. On average, equities analysts predict that Intuit Inc. will post $4.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, July 6th. Intuit’s payout ratio is 39.19%.
Several equities research analysts have recently commented on the company. CIBC upped their price target on Intuit from $125.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, May 26th. BidaskClub cut Intuit from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Barclays PLC restated a “hold” rating and set a $130.00 price target on shares of Intuit in a research note on Friday, April 28th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $141.00 price target (up previously from $125.00) on shares of Intuit in a research note on Thursday, May 25th. Finally, Zacks Investment Research upgraded Intuit from a “sell” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Monday, May 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $135.63.
Institutional investors have recently modified their holdings of the company. Flinton Capital Management LLC raised its stake in Intuit by 39.0% in the first quarter. Flinton Capital Management LLC now owns 9,576 shares of the software maker’s stock valued at $1,111,000 after buying an additional 2,688 shares during the last quarter. Cutler Group LP raised its stake in Intuit by 104.4% in the first quarter. Cutler Group LP now owns 3,286 shares of the software maker’s stock valued at $381,000 after buying an additional 1,678 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Intuit by 1.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 718,580 shares of the software maker’s stock valued at $83,348,000 after buying an additional 7,343 shares during the last quarter. Whittier Trust Co. raised its position in shares of Intuit by 5.2% in the first quarter. Whittier Trust Co. now owns 2,903 shares of the software maker’s stock valued at $337,000 after buying an additional 143 shares during the last quarter. Finally, Shell Asset Management Co. raised its position in shares of Intuit by 3.8% in the first quarter. Shell Asset Management Co. now owns 46,600 shares of the software maker’s stock valued at $5,405,000 after buying an additional 1,710 shares during the last quarter. Institutional investors and hedge funds own 85.29% of the company’s stock.
Intuit Company Profile
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.
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