Intuit Inc. (NASDAQ:INTU) Chairman Scott D. Cook sold 159,556 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $170.26, for a total value of $27,166,004.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Intuit Inc. (INTU) traded up $5.70 during midday trading on Friday, reaching $177.17. The company’s stock had a trading volume of 1,709,557 shares, compared to its average volume of 1,585,210. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.36. Intuit Inc. has a 52-week low of $114.80 and a 52-week high of $177.51. The firm has a market cap of $43,915.38, a price-to-earnings ratio of 48.67, a price-to-earnings-growth ratio of 2.61 and a beta of 1.15.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Intuit had a return on equity of 72.52% and a net margin of 17.48%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. research analysts expect that Intuit Inc. will post 4.27 EPS for the current year.
A number of research analysts recently weighed in on the company. Barclays boosted their target price on Intuit from $135.00 to $157.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 15th. Royal Bank of Canada boosted their target price on Intuit from $141.00 to $160.00 and gave the stock a “sector perform” rating in a report on Thursday, November 16th. Jefferies Group reissued a “buy” rating and set a $185.00 target price on shares of Intuit in a report on Tuesday, November 21st. Citigroup boosted their target price on Intuit to $170.00 in a report on Tuesday, November 21st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $148.00 target price on shares of Intuit in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $166.53.
A number of hedge funds and other institutional investors have recently modified their holdings of INTU. Horan Capital Advisors LLC. bought a new stake in shares of Intuit during the 3rd quarter valued at $114,000. Captrust Financial Advisors bought a new stake in shares of Intuit during the 4th quarter valued at $158,000. SeaCrest Wealth Management LLC bought a new stake in shares of Intuit during the 4th quarter valued at $170,000. Lake Street Advisors Group LLC bought a new stake in shares of Intuit during the 4th quarter valued at $200,000. Finally, Trellis Advisors LLC bought a new stake in shares of Intuit during the 4th quarter valued at $201,000. 86.45% of the stock is currently owned by hedge funds and other institutional investors.
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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