Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 2,158 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $158.94, for a total value of $342,992.52. Following the sale, the executive vice president now owns 3,050 shares of the company’s stock, valued at $484,767. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Henry Tayloe Stansbury also recently made the following trade(s):
- On Friday, November 24th, Henry Tayloe Stansbury sold 7,882 shares of Intuit stock. The stock was sold at an average price of $152.05, for a total value of $1,198,458.10.
- On Wednesday, November 22nd, Henry Tayloe Stansbury sold 2,158 shares of Intuit stock. The shares were sold at an average price of $151.35, for a total value of $326,613.30.
Intuit Inc. (NASDAQ INTU) opened at $164.51 on Friday. Intuit Inc. has a 1-year low of $111.90 and a 1-year high of $165.13. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $42,060.00, a PE ratio of 43.52, a PEG ratio of 2.93 and a beta of 1.18.
Intuit (NASDAQ:INTU) last issued its earnings results on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The firm had revenue of $886.00 million for the quarter, compared to the consensus estimate of $855.74 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The company’s revenue was up 13.9% compared to the same quarter last year. sell-side analysts anticipate that Intuit Inc. will post 3.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.95%. Intuit’s payout ratio is 41.27%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Intuit by 2.7% in the second quarter. Vanguard Group Inc. now owns 16,818,170 shares of the software maker’s stock worth $2,233,621,000 after buying an additional 444,676 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Intuit by 7.8% in the second quarter. TIAA CREF Investment Management LLC now owns 4,780,533 shares of the software maker’s stock worth $634,903,000 after buying an additional 347,159 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Intuit by 612.6% in the second quarter. Janus Henderson Group PLC now owns 2,602,136 shares of the software maker’s stock worth $345,589,000 after buying an additional 2,236,974 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Intuit by 19.0% in the second quarter. Royal Bank of Canada now owns 2,508,267 shares of the software maker’s stock worth $333,124,000 after buying an additional 400,406 shares during the last quarter. Finally, Lindsell Train Ltd boosted its stake in shares of Intuit by 7.3% in the third quarter. Lindsell Train Ltd now owns 2,369,800 shares of the software maker’s stock worth $336,843,000 after buying an additional 162,000 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.
Several brokerages recently issued reports on INTU. Zacks Investment Research lowered Intuit from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. JPMorgan Chase & Co. upped their target price on Intuit to $163.00 and gave the company a “neutral” rating in a research report on Thursday, January 4th. Oppenheimer reaffirmed a “buy” rating and set a $166.00 target price (up from $159.00) on shares of Intuit in a research report on Tuesday, November 21st. Citigroup upped their target price on Intuit to $170.00 in a research report on Tuesday, November 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $148.00 target price on shares of Intuit in a research report on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. Intuit presently has a consensus rating of “Hold” and an average target price of $157.53.
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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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