Intuit Inc. (NASDAQ:INTU) insider Scott D. Cook sold 183,333 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $141.16, for a total transaction of $25,879,286.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Intuit Inc. (NASDAQ INTU) opened at 142.13 on Friday. Intuit Inc. has a 12 month low of $103.22 and a 12 month high of $143.81. The stock has a market capitalization of $36.24 billion, a price-to-earnings ratio of 38.21 and a beta of 1.15. The stock’s 50 day moving average is $138.38 and its 200-day moving average is $131.17.
Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The company had revenue of $842.00 million for the quarter, compared to analyst estimates of $808.82 million. During the same period in the prior year, the company posted $0.08 EPS. Intuit’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts expect that Intuit Inc. will post $4.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from Intuit’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, October 6th. Intuit’s payout ratio is 36.56%.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors bought a new stake in shares of Intuit in the 2nd quarter valued at approximately $108,000. Guardian Life Insurance Co. of America increased its holdings in shares of Intuit by 0.5% in the 1st quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock valued at $109,000 after acquiring an additional 5 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Intuit in the 2nd quarter valued at approximately $123,000. Johnson Financial Group Inc. increased its holdings in shares of Intuit by 5.8% in the 1st quarter. Johnson Financial Group Inc. now owns 1,080 shares of the software maker’s stock valued at $126,000 after acquiring an additional 59 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Intuit in the 2nd quarter valued at approximately $140,000. Institutional investors and hedge funds own 86.05% of the company’s stock.
INTU has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Intuit from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Monday, August 28th. Citigroup Inc. upped their target price on shares of Intuit from $128.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Deutsche Bank AG upped their target price on shares of Intuit from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Bank of America Corporation upped their target price on shares of Intuit from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, Credit Suisse Group upped their target price on shares of Intuit from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 25th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Intuit currently has a consensus rating of “Buy” and a consensus target price of $140.24.
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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