Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 1,871 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 2,541 shares of the company’s stock, valued at approximately $277,451.79. The sale 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.
Intuit Inc. (NASDAQ:INTU) opened at 110.11 on Wednesday. Intuit Inc. has a 52-week low of $85.61 and a 52-week high of $116.97. The stock has a market capitalization of $28.40 billion, a P/E ratio of 29.82 and a beta of 1.05. The company’s 50-day moving average price is $110.96 and its 200 day moving average price is $107.56.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 23rd. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.10. The company earned $754 million during the quarter, compared to the consensus estimate of $735.35 million. Intuit had a net margin of 20.86% and a return on equity of 80.75%. Intuit’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS. On average, equities research analysts predict that Intuit Inc. will post $4.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 10th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.24%. This is an increase from Intuit’s previous quarterly dividend of $0.30. Intuit’s dividend payout ratio (DPR) is currently 31.91%.
Several research analysts have recently issued reports on INTU shares. Goldman Sachs Group Inc. raised Intuit from a “buy” rating to a “conviction-buy” rating in a research report on Friday, June 24th. Vetr raised Intuit from a “strong sell” rating to a “hold” rating and set a $116.50 price objective for the company in a research report on Monday, July 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $105.00 price objective on shares of Intuit in a research report on Thursday, August 25th. Royal Bank Of Canada reduced their price objective on Intuit from $113.00 to $93.00 and set a “sector perform” rating for the company in a research report on Monday, August 15th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Intuit in a research report on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $194.34.
Several hedge funds have recently made changes to their positions in INTU. Gerstein Fisher increased its stake in shares of Intuit by 0.6% in the second quarter. Gerstein Fisher now owns 2,424 shares of the company’s stock worth $271,000 after buying an additional 15 shares in the last quarter. Veritable L.P. increased its stake in shares of Intuit by 0.4% in the second quarter. Veritable L.P. now owns 7,717 shares of the company’s stock worth $861,000 after buying an additional 34 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Intuit by 0.8% in the second quarter. Advisory Services Network LLC now owns 5,413 shares of the company’s stock worth $604,000 after buying an additional 41 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of Intuit by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 2,093 shares of the company’s stock worth $234,000 after buying an additional 51 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Intuit by 2.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the company’s stock worth $300,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 86.01% of the company’s stock.
Intuit Company Profile
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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