Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 19,018 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $218.86, for a total transaction of $4,162,279.48. Following the transaction, the executive vice president now directly owns 1,890 shares of the company’s stock, valued at approximately $413,645.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Henry Tayloe Stansbury also recently made the following trade(s):
- On Monday, August 27th, Henry Tayloe Stansbury sold 31,396 shares of Intuit stock. The stock was sold at an average price of $211.65, for a total transaction of $6,644,963.40.
- On Monday, June 25th, Henry Tayloe Stansbury sold 3,941 shares of Intuit stock. The stock was sold at an average price of $202.21, for a total transaction of $796,909.61.
Shares of Intuit stock traded up $0.46 during trading hours on Friday, hitting $220.32. The company’s stock had a trading volume of 1,602,554 shares, compared to its average volume of 1,521,877. The firm has a market capitalization of $56.87 billion, a P/E ratio of 48.64, a PEG ratio of 2.33 and a beta of 1.21. The company has a quick ratio of 1.05, a current ratio of 1.14 and a debt-to-equity ratio of 0.16. Intuit Inc. has a 1-year low of $140.21 and a 1-year high of $221.58.
Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 23rd. The software maker reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. The business had revenue of $988.00 million during the quarter, compared to the consensus estimate of $952.67 million. Intuit had a net margin of 20.31% and a return on equity of 67.39%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. research analysts expect that Intuit Inc. will post 5.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Wednesday, October 10th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $0.39. This represents a $1.88 annualized dividend and a dividend yield of 0.85%. Intuit’s dividend payout ratio is 34.44%.
Several hedge funds have recently made changes to their positions in INTU. HRT Financial LLC bought a new position in Intuit during the 2nd quarter valued at $433,000. HM Payson & Co. boosted its stake in Intuit by 428.0% during the 2nd quarter. HM Payson & Co. now owns 6,373 shares of the software maker’s stock valued at $1,302,000 after acquiring an additional 5,166 shares during the last quarter. Schroder Investment Management Group boosted its stake in Intuit by 31.3% during the 2nd quarter. Schroder Investment Management Group now owns 364,901 shares of the software maker’s stock valued at $74,447,000 after acquiring an additional 86,895 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Intuit by 8.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 12,696 shares of the software maker’s stock valued at $2,594,000 after acquiring an additional 953 shares during the last quarter. Finally, Fundsmith Equity Fund L.P. bought a new position in Intuit during the 2nd quarter valued at $810,956,000. Institutional investors and hedge funds own 87.73% of the company’s stock.
Several research firms have recently issued reports on INTU. Barclays increased their price objective on shares of Intuit from $204.00 to $219.00 and gave the stock an “equal weight” rating in a research report on Friday. BidaskClub raised shares of Intuit from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. Zacks Investment Research lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Wells Fargo & Co increased their price objective on shares of Intuit from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday, August 27th. Finally, Credit Suisse Group increased their price objective on shares of Intuit from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $216.94.
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.
See Also: Hedge Funds
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