Intuit Inc. (INTU) EVP Sells $257,108.60 in Stock
Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 1,783 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $144.20, for a total transaction of $257,108.60. Following the completion of the sale, the executive vice president now owns 2,675 shares of the company’s stock, valued at approximately $385,735. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Henry Tayloe Stansbury also recently made the following trade(s):
- On Friday, September 22nd, Henry Tayloe Stansbury sold 28,048 shares of Intuit stock. The shares were sold at an average price of $146.19, for a total transaction of $4,100,337.12.
- On Thursday, September 7th, Henry Tayloe Stansbury sold 15,415 shares of Intuit stock. The shares were sold at an average price of $141.27, for a total transaction of $2,177,677.05.
- On Thursday, August 31st, Henry Tayloe Stansbury sold 5,350 shares of Intuit stock. The shares were sold at an average price of $140.25, for a total transaction of $750,337.50.
Intuit Inc. (NASDAQ INTU) opened at 142.14 on Friday. Intuit Inc. has a 1-year low of $103.22 and a 1-year high of $146.72. The firm has a market capitalization of $36.24 billion, a PE ratio of 38.21 and a beta of 1.15. The company has a 50 day moving average of $138.84 and a 200 day moving average of $131.54.
Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $842.00 million for the quarter, compared to analyst estimates of $808.82 million. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. Analysts forecast that Intuit Inc. will post $4.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.10%. This is a positive change from Intuit’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, October 6th. Intuit’s dividend payout ratio (DPR) is 36.56%.
A number of large investors have recently bought and sold shares of the stock. USA Financial Portformulas Corp purchased a new position in Intuit in the 2nd quarter valued at $468,000. Toronto Dominion Bank grew its position in Intuit by 21.2% in the 2nd quarter. Toronto Dominion Bank now owns 87,059 shares of the software maker’s stock valued at $11,561,000 after buying an additional 15,219 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in Intuit by 73.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 18,496 shares of the software maker’s stock valued at $2,456,000 after buying an additional 7,819 shares during the last quarter. WINTON GROUP Ltd grew its position in Intuit by 24.7% in the 2nd quarter. WINTON GROUP Ltd now owns 163,709 shares of the software maker’s stock valued at $21,742,000 after buying an additional 32,432 shares during the last quarter. Finally, Colony Group LLC grew its position in Intuit by 23.6% in the 2nd quarter. Colony Group LLC now owns 91,750 shares of the software maker’s stock valued at $12,185,000 after buying an additional 17,494 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.
A number of brokerages have recently issued reports on INTU. Citigroup Inc. downgraded shares of Intuit from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $148.00 to $141.00 in a research report on Monday, June 26th. BidaskClub downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. First Analysis raised shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price objective on the stock in a research report on Wednesday, August 23rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $155.00 price objective (up previously from $150.00) on shares of Intuit in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Intuit in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $142.74.
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 ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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