Intuit Inc. (NASDAQ:INTU) Chairman Scott D. Cook sold 207,110 shares of Intuit stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Intuit stock opened at $176.66 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $45,626.20, a PE ratio of 47.51, a price-to-earnings-growth ratio of 2.71 and a beta of 1.15. Intuit Inc. has a one year low of $114.80 and a one year high of $179.30.
Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, February 22nd. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Intuit had a net margin of 17.48% and a return on equity of 72.52%. Intuit’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. equities research analysts predict that Intuit Inc. will post 4.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 10th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.88%. Intuit’s dividend payout ratio (DPR) is 42.86%.
Hedge funds have recently added to or reduced their stakes in the business. Horan Capital Advisors LLC. bought a new stake in shares of Intuit during the 3rd quarter worth about $114,000. Captrust Financial Advisors bought a new stake in shares of Intuit during the 4th quarter worth about $158,000. SeaCrest Wealth Management LLC bought a new stake in shares of Intuit during the 4th quarter worth about $170,000. Americafirst Capital Management LLC bought a new stake in shares of Intuit during the 3rd quarter worth about $184,000. Finally, Lake Street Advisors Group LLC bought a new stake in shares of Intuit during the 4th quarter worth about $200,000. Institutional investors own 87.14% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Credit Suisse Group boosted 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, March 12th. Bank of America boosted 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. Stifel Nicolaus boosted their target price on shares of Intuit from $148.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Barclays reissued an “equal weight” rating and issued a $170.00 target price (up previously from $168.00) on shares of Intuit in a research report on Friday, February 23rd. Finally, UBS reissued a “neutral” rating and issued a $177.00 target price (up previously from $170.00) on shares of Intuit in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $167.05.
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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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