Intuit Inc. (NASDAQ:INTU) Chairman Scott D. Cook sold 207,110 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $175.86, for a total transaction of $36,422,364.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Intuit Inc. (INTU) opened at $177.29 on Thursday. The company has a market cap of $45,320.00, a P/E ratio of 46.66, a P/E/G ratio of 2.70 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.63 and a quick ratio of 0.63. Intuit Inc. has a 52 week low of $114.80 and a 52 week high of $179.17.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Intuit had a net margin of 17.48% and a return on equity of 72.52%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. equities analysts expect that Intuit Inc. will post 4.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Tuesday, April 10th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Monday, April 9th. Intuit’s payout ratio is 41.05%.
A number of research analysts have issued reports on the stock. Credit Suisse Group increased their target price on shares of Intuit from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Monday. Bank of America increased their target price on shares of Intuit from $172.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Barclays reaffirmed an “equal weight” rating and set a $170.00 price target (up previously from $168.00) on shares of Intuit in a report on Friday, February 23rd. Stifel Nicolaus upped their price target on shares of Intuit from $148.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Finally, UBS Group reaffirmed a “neutral” rating and set a $177.00 price target (up previously from $170.00) on shares of Intuit in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Intuit currently has a consensus rating of “Hold” and a consensus target price of $167.05.
Large investors have recently modified their holdings of the stock. Horan Capital Advisors LLC. bought a new position in Intuit in the 3rd quarter valued at approximately $114,000. Captrust Financial Advisors bought a new position in Intuit in the 4th quarter valued at approximately $158,000. SeaCrest Wealth Management LLC bought a new position in Intuit in the 4th quarter valued at approximately $170,000. Lake Street Advisors Group LLC bought a new position in Intuit in the 4th quarter valued at approximately $200,000. Finally, Trellis Advisors LLC bought a new position in Intuit in the 4th quarter valued at approximately $201,000. 87.15% of the stock is owned by institutional investors and hedge funds.
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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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