Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 1,871 shares of the stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $109.19, for a total value of $204,294.49. Following the completion of the sale, the executive vice president now owns 2,541 shares of the company’s stock, valued at approximately $277,451.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Henry Tayloe Stansbury also recently made the following trade(s):
- On Wednesday, September 7th, Henry Tayloe Stansbury sold 11,503 shares of Intuit stock. The shares were sold at an average price of $111.47, for a total value of $1,282,239.41.
Shares of Intuit Inc. (NASDAQ:INTU) opened at 109.31 on Friday. The firm has a market capitalization of $28.20 billion, a PE ratio of 29.60 and a beta of 1.05. Intuit Inc. has a 52-week low of $85.61 and a 52-week high of $116.97. The company has a 50-day moving average price of $110.80 and a 200 day moving average price of $107.59.
Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 23rd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.10. The business had revenue of $754 million for the quarter, compared to the consensus estimate of $735.35 million. Intuit had a return on equity of 80.75% and a net margin of 20.86%. Intuit’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) EPS. Analysts expect that Intuit Inc. will post $4.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 10th will be issued a $0.34 dividend. This is an increase from Intuit’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Wednesday, October 5th. Intuit’s payout ratio is presently 31.91%.
A number of equities research analysts have recently issued reports on INTU shares. Citigroup Inc. reiterated a “buy” rating and issued a $128.00 target price on shares of Intuit in a research note on Wednesday, August 24th. RBC Capital Markets reissued a “sector perform” rating and issued a $113.00 price target (up previously from $93.00) on shares of Intuit in a report on Monday, August 15th. Royal Bank Of Canada reduced their price target on Intuit from $113.00 to $93.00 and set a “sector perform” rating for the company in a report on Monday, August 15th. Vetr raised Intuit from a “strong sell” rating to a “hold” rating and set a $116.50 price target for the company in a report on Monday, July 18th. Finally, Wedbush reissued an “outperform” rating and issued a $755.00 price target (up previously from $715.00) on shares of Intuit in a report on Sunday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Intuit currently has an average rating of “Buy” and an average price target of $194.34.
Several hedge funds and other institutional investors have recently made changes to their positions in INTU. Glenmede Trust Co. NA increased its position in shares of Intuit by 8.0% in the first quarter. Glenmede Trust Co. NA now owns 15,706 shares of the company’s stock valued at $1,633,000 after buying an additional 1,163 shares during the last quarter. Commonwealth Equity Services Inc increased its position in shares of Intuit by 17.9% in the first quarter. Commonwealth Equity Services Inc now owns 9,514 shares of the company’s stock valued at $990,000 after buying an additional 1,447 shares during the last quarter. Addenda Capital Inc. increased its position in shares of Intuit by 0.3% in the first quarter. Addenda Capital Inc. now owns 38,690 shares of the company’s stock valued at $4,024,000 after buying an additional 114 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of Intuit during the first quarter valued at approximately $440,000. Finally, Dubuque Bank & Trust Co. increased its position in shares of Intuit by 8.3% in the first quarter. Dubuque Bank & Trust Co. now owns 1,625 shares of the company’s stock valued at $169,000 after buying an additional 125 shares during the last quarter. 86.01% of the stock is currently owned by institutional investors and hedge funds.
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 Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others.
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