Intuit (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 3,941 shares of Intuit stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $195.50, for a total value of $770,465.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Henry Tayloe Stansbury also recently made the following trade(s):
- On Tuesday, February 27th, Henry Tayloe Stansbury sold 9,666 shares of Intuit stock. The shares were sold at an average price of $171.59, for a total value of $1,658,588.94.
Intuit traded down $0.70, hitting $197.09, on Friday, according to MarketBeat.com. 1,399,500 shares of the company were exchanged, compared to its average volume of 1,431,839. Intuit has a twelve month low of $130.26 and a twelve month high of $199.48. The stock has a market capitalization of $50.35 billion, a price-to-earnings ratio of 52.28, a PEG ratio of 2.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.63.
Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, May 22nd. The software maker reported $4.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.68 by $0.14. Intuit had a return on equity of 79.36% and a net margin of 20.39%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the previous year, the firm posted $3.90 EPS. Intuit’s revenue for the quarter was up 15.1% on a year-over-year basis. research analysts anticipate that Intuit will post 4.33 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 18th. Stockholders of record on Tuesday, July 10th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, July 9th. This represents a $1.56 annualized dividend and a dividend yield of 0.79%. Intuit’s dividend payout ratio is currently 41.38%.
A number of equities research analysts have recently weighed in on the company. Barclays reaffirmed a “hold” rating and issued a $190.00 price objective on shares of Intuit in a research note on Sunday, May 20th. Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Oppenheimer lifted their price objective on Intuit from $181.00 to $206.00 and gave the company an “outperform” rating in a research note on Wednesday. First Analysis cut Intuit from an “equal” rating to a “sell” rating and lifted their price objective for the company from $143.00 to $160.00 in a research note on Wednesday. Finally, Morgan Stanley lifted their price objective on Intuit from $147.00 to $154.00 and gave the company an “underweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $188.56.
Large investors have recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC boosted its position in shares of Intuit by 100.0% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 750 shares of the software maker’s stock worth $130,000 after acquiring an additional 375 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Intuit during the 4th quarter worth about $158,000. SeaCrest Wealth Management LLC acquired a new position in shares of Intuit during the 4th quarter worth about $170,000. Resources Investment Advisors Inc. boosted its position in shares of Intuit by 158.9% during the 1st quarter. Resources Investment Advisors Inc. now owns 906 shares of the software maker’s stock worth $174,000 after acquiring an additional 556 shares in the last quarter. Finally, Lake Street Advisors Group LLC acquired a new position in shares of Intuit during the 4th quarter worth about $200,000. 87.62% of the stock is owned by institutional investors and hedge funds.
Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.
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