Intuit Inc. (NASDAQ:INTU) Chairman Scott D. Cook sold 112,731 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $160.97, for a total value of $18,146,309.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Intuit Inc. (NASDAQ:INTU) traded up $1.51 during midday trading on Friday, reaching $164.51. The company had a trading volume of 652,394 shares, compared to its average volume of 1,350,000. The firm has a market cap of $42,060.00, a PE ratio of 43.52, a price-to-earnings-growth ratio of 2.93 and a beta of 1.18. Intuit Inc. has a 12 month low of $111.90 and a 12 month high of $165.13. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.30. The company had revenue of $886.00 million during the quarter, compared to analysts’ expectations of $855.74 million. Intuit had a return on equity of 77.56% and a net margin of 18.62%. Intuit’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. equities analysts anticipate that Intuit Inc. will post 3.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Wednesday, January 10th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.56 dividend on an annualized basis and a yield of 0.95%. Intuit’s payout ratio is 41.27%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. Exane Derivatives acquired a new position in Intuit in the 3rd quarter worth about $105,000. Captrust Financial Advisors acquired a new position in Intuit in the 2nd quarter worth about $108,000. Horan Capital Advisors LLC. acquired a new position in shares of Intuit during the third quarter valued at approximately $114,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Intuit during the second quarter valued at approximately $140,000. Finally, ETF Managers Group LLC acquired a new position in shares of Intuit during the second quarter valued at approximately $140,000. 86.03% of the stock is owned by institutional investors.
Several research firms have weighed in on INTU. Credit Suisse Group reiterated an “outperform” rating and set a $185.00 price target (up previously from $170.00) on shares of Intuit in a research note on Tuesday. Deutsche Bank reiterated a “buy” rating and set a $180.00 price target on shares of Intuit in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on Intuit to $163.00 and gave the company a “neutral” rating in a report on Thursday, January 4th. Citigroup boosted their price objective on Intuit to $170.00 in a report on Tuesday, November 21st. Finally, Jefferies Group reissued a “buy” rating and issued a $185.00 price objective on shares of Intuit in a report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $157.53.
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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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