Intuit (NASDAQ:INTU) Chairman Scott D. Cook sold 159,556 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $170.26, for a total value of $27,166,004.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of INTU stock traded down $3.47 during trading hours on Monday, hitting $169.88. The company had a trading volume of 1,788,027 shares, compared to its average volume of 1,461,041. Intuit has a 12 month low of $114.80 and a 12 month high of $179.30. The firm has a market cap of $44,396.86, a P/E ratio of 45.06, a P/E/G ratio of 2.64 and a beta of 1.12. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.36.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Intuit had a return on equity of 72.52% and a net margin of 17.48%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted $0.26 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. sell-side analysts forecast that Intuit will post 4.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 10th will be paid a $0.39 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.56 annualized dividend and a dividend yield of 0.92%. Intuit’s dividend payout ratio is currently 41.38%.
Several research firms recently weighed in on INTU. Credit Suisse Group boosted their price objective on Intuit from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Monday, March 12th. Bank of America upped their price target on Intuit from $172.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus upped their price target on Intuit from $148.00 to $170.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Barclays reaffirmed an “equal weight” rating and issued a $170.00 price target (up previously from $168.00) on shares of Intuit in a report on Friday, February 23rd. Finally, UBS reaffirmed a “neutral” rating and issued a $177.00 price target (up previously from $170.00) on shares of Intuit in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $167.05.
Several hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its position in Intuit by 71.7% during the 4th quarter. Bank of Montreal Can now owns 471,620 shares of the software maker’s stock worth $74,412,000 after acquiring an additional 196,911 shares during the last quarter. Boston Advisors LLC grew its position in Intuit by 1,337.2% during the 4th quarter. Boston Advisors LLC now owns 130,301 shares of the software maker’s stock worth $20,559,000 after acquiring an additional 121,235 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in Intuit during the 3rd quarter worth approximately $959,000. Sit Investment Associates Inc. grew its position in Intuit by 4.4% during the 4th quarter. Sit Investment Associates Inc. now owns 85,850 shares of the software maker’s stock worth $13,545,000 after acquiring an additional 3,650 shares during the last quarter. Finally, Quadrature Capital Ltd grew its position in Intuit by 105.4% during the 4th quarter. Quadrature Capital Ltd now owns 16,786 shares of the software maker’s stock worth $2,649,000 after acquiring an additional 8,615 shares during the last quarter. Institutional investors own 87.14% of the company’s stock.
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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