Intuit Inc. (INTU) Insider Scott D. Cook Sells 183,333 Shares
Intuit Inc. (NASDAQ:INTU) insider Scott D. Cook sold 183,333 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $145.19, for a total transaction of $26,618,118.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Intuit Inc. (NASDAQ INTU) traded up 0.73% during midday trading on Friday, hitting $145.54. 632,525 shares of the company traded hands. The stock has a market cap of $37.11 billion, a P/E ratio of 39.12 and a beta of 1.15. The stock has a 50 day moving average of $138.84 and a 200 day moving average of $131.54. Intuit Inc. has a 12-month low of $103.22 and a 12-month high of $146.04.
Intuit (NASDAQ:INTU) last released 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 firm had revenue of $842.00 million for the quarter, compared to analyst estimates of $808.82 million. Intuit had a return on equity of 82.43% and a net margin of 18.76%. Intuit’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share. Equities research analysts predict that Intuit Inc. will post $4.95 EPS for the current fiscal year.
The business also recently declared 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 is a positive change from Intuit’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, October 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.08%. Intuit’s dividend payout ratio (DPR) is 36.56%.
Several large investors have recently added to or reduced their stakes in the stock. USA Financial Portformulas Corp acquired a new position in shares of Intuit in the 2nd quarter valued at $468,000. Toronto Dominion Bank boosted its position in shares of 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 purchasing an additional 15,219 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of 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 purchasing an additional 7,819 shares during the period. WINTON GROUP Ltd boosted its position in shares of 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 purchasing an additional 32,432 shares during the period. Finally, Colony Group LLC boosted its position in shares of 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 purchasing an additional 17,494 shares during the period. Institutional investors and hedge funds own 85.96% of the company’s stock.
Several equities analysts have issued reports on INTU shares. Zacks Investment Research raised shares of Intuit from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Monday, August 28th. Citigroup Inc. boosted their price objective on shares of Intuit from $128.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Deutsche Bank AG boosted their price objective on shares of Intuit from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Bank of America Corporation boosted their price objective on shares of Intuit from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Finally, Credit Suisse Group boosted their price objective on shares of Intuit from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, May 25th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $142.74.
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.
Receive News & Ratings for Intuit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.