Intuit Inc. (INTU) EVP Sells $204,294.49 in Stock
Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 1,871 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $109.19, for a total value of $204,294.49. Following the sale, the executive vice president now directly owns 2,541 shares in the company, valued at $277,451.79. The transaction was disclosed in a filing with the SEC, 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 stock was 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 110.11 on Wednesday. The firm has a market cap of $28.40 billion, a PE ratio of 29.82 and a beta of 1.05. The firm has a 50-day moving average price of $110.96 and a 200-day moving average price of $107.56. Intuit Inc. has a 52 week low of $85.61 and a 52 week high of $116.97.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, August 23rd. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. The business earned $754 million during the quarter, compared to analyst estimates of $735.35 million. Intuit had a return on equity of 80.75% and a net margin of 20.86%. Intuit’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) EPS. On average, equities research analysts predict that Intuit Inc. will post $4.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 10th will be given a $0.34 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.24%. This is a positive change from Intuit’s previous quarterly dividend of $0.30. Intuit’s dividend payout ratio is currently 31.91%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital World Investors raised its position in shares of Intuit by 6.3% in the second quarter. Capital World Investors now owns 25,318,000 shares of the company’s stock valued at $2,825,742,000 after buying an additional 1,498,606 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Intuit by 0.6% in the second quarter. Vanguard Group Inc. now owns 15,684,079 shares of the company’s stock valued at $1,750,501,000 after buying an additional 95,073 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Intuit by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,489,258 shares of the company’s stock valued at $835,876,000 after buying an additional 21,417 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Intuit by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 6,181,276 shares of the company’s stock valued at $689,891,000 after buying an additional 265,334 shares in the last quarter. Finally, FMR LLC raised its position in shares of Intuit by 10.9% in the second quarter. FMR LLC now owns 4,090,210 shares of the company’s stock valued at $456,508,000 after buying an additional 401,036 shares in the last quarter. 86.01% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on INTU. Brean Capital raised their price objective on Intuit from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 24th. Canaccord Genuity reaffirmed a “buy” rating and issued a $750.00 price objective on shares of Intuit in a research note on Friday, July 22nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $125.00 price objective (down from $130.00) on shares of Intuit in a research note on Wednesday, August 24th. Barclays PLC lowered Intuit from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $110.00 to $116.00 in a research note on Friday, July 15th. Finally, Goldman Sachs Group Inc. raised their price objective on Intuit from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $194.34.
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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