Insider Selling: Intuit Inc. (INTU) EVP Sells $796,909.61 in Stock

Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 3,941 shares of Intuit stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $202.21, for a total transaction of $796,909.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Henry Tayloe Stansbury also recently made the following trade(s):

  • On Tuesday, May 29th, Henry Tayloe Stansbury sold 7,882 shares of Intuit stock. The shares were sold at an average price of $196.49, for a total transaction of $1,548,734.18.
  • On Thursday, May 24th, Henry Tayloe Stansbury sold 3,941 shares of Intuit stock. The shares were sold at an average price of $195.50, for a total transaction of $770,465.50.

NASDAQ INTU opened at $204.02 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. Intuit Inc. has a 12-month low of $130.26 and a 12-month high of $216.63. The firm has a market capitalization of $51.86 billion, a price-to-earnings ratio of 54.12, a PEG ratio of 2.80 and a beta of 1.16.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, May 22nd. The software maker reported $4.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.68 by $0.14. Intuit had a net margin of 20.39% and a return on equity of 79.36%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the company earned $3.90 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. sell-side analysts anticipate that Intuit Inc. will post 4.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 18th. Shareholders of record on Tuesday, July 10th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, July 9th. Intuit’s dividend payout ratio is currently 41.38%.

INTU has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Credit Suisse Group boosted their price objective on shares of Intuit from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Monday, March 12th. Morgan Stanley boosted their price objective on shares of Intuit from $147.00 to $154.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Intuit from $176.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 23rd. Finally, Argus boosted their price objective on shares of Intuit to $225.00 and gave the stock a “buy” rating in a research note on Thursday, May 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Intuit has an average rating of “Hold” and a consensus target price of $195.82.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. Massey Quick Simon & CO. LLC grew its holdings in Intuit by 100.0% in the first quarter. Massey Quick Simon & CO. LLC now owns 750 shares of the software maker’s stock worth $130,000 after purchasing an additional 375 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Intuit during the fourth quarter valued at $158,000. Resources Investment Advisors Inc. grew its holdings in shares of Intuit by 158.9% during the first quarter. Resources Investment Advisors Inc. now owns 906 shares of the software maker’s stock valued at $174,000 after buying an additional 556 shares during the last quarter. Lake Street Advisors Group LLC purchased a new stake in shares of Intuit during the fourth quarter valued at $200,000. Finally, TLP Group LLC grew its holdings in shares of Intuit by 1,520.8% during the first quarter. TLP Group LLC now owns 1,167 shares of the software maker’s stock valued at $202,000 after buying an additional 1,095 shares during the last quarter. 87.38% of the stock is currently owned by institutional investors and hedge funds.

About Intuit

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.

Insider Buying and Selling by Quarter for Intuit (NASDAQ:INTU)

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