Intuit Inc. (INTU) EVP Henry Tayloe Stansbury Sells 26,189 Shares of Stock
Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 26,189 shares of Intuit stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $115.59, for a total transaction of $3,027,186.51. Following the completion of the transaction, the executive vice president now owns 26,859 shares of the company’s stock, valued at approximately $3,104,631.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Henry Tayloe Stansbury also recently made the following trade(s):
- On Monday, September 26th, Henry Tayloe Stansbury sold 1,871 shares of Intuit stock. The stock was sold at an average price of $109.19, for a total transaction of $204,294.49.
- 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 transaction of $1,282,239.41.
Intuit Inc. (NASDAQ:INTU) traded down 0.44% during trading on Wednesday, hitting $115.92. 81,074 shares of the stock were exchanged. The company has a market cap of $29.75 billion, a price-to-earnings ratio of 31.01 and a beta of 1.08. Intuit Inc. has a one year low of $88.17 and a one year high of $116.97. The stock’s 50 day moving average is $108.78 and its 200-day moving average is $109.38.
Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 17th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $778 million for the quarter, compared to analyst estimates of $754.36 million. Intuit had a return on equity of 82.77% and a net margin of 20.59%. Intuit’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. On average, equities research analysts expect that Intuit Inc. will post $4.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 18th. Investors of record on Tuesday, January 10th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, January 6th. Intuit’s payout ratio is currently 36.27%.
A number of brokerages recently issued reports on INTU. Brean Capital lifted their price target on shares of Intuit from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 24th. Deutsche Bank AG restated a “buy” rating and set a $125.00 price objective (down previously from $130.00) on shares of Intuit in a research report on Wednesday, August 24th. Goldman Sachs Group Inc. boosted their price objective on shares of Intuit from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, August 24th. RBC Capital Markets restated a “sector perform” rating and set a $113.00 price objective (up previously from $93.00) on shares of Intuit in a research report on Monday, August 15th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $114.00 price objective on shares of Intuit in a research report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Intuit currently has an average rating of “Hold” and an average target price of $200.83.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. Johnson Financial Group Inc. raised its position in Intuit by 563.9% in the second quarter. Johnson Financial Group Inc. now owns 1,029 shares of the company’s stock worth $115,000 after buying an additional 874 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its position in shares of Intuit by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock worth $123,000 after buying an additional 900 shares in the last quarter. TLP Group LLC bought a new position in shares of Intuit during the third quarter worth $125,000. Global X Management Co. LLC boosted its position in shares of Intuit by 326.8% in the second quarter. Global X Management Co. LLC now owns 1,276 shares of the company’s stock worth $142,000 after buying an additional 977 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of Intuit by 95.6% in the third quarter. Penserra Capital Management LLC now owns 1,379 shares of the company’s stock worth $151,000 after buying an additional 674 shares in the last quarter. 84.68% 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 Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others.
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