Intuit Inc. (NASDAQ:INTU – Get Free Report) EVP Laura A. Fennell sold 30,159 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $642.36, for a total value of $19,372,935.24. Following the transaction, the executive vice president now owns 52,038 shares in the company, valued at $33,427,129.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Intuit Trading Down 0.6 %
Shares of NASDAQ:INTU traded down $3.77 on Tuesday, hitting $638.20. The company had a trading volume of 1,454,604 shares, compared to its average volume of 1,328,571. The firm’s 50-day simple moving average is $636.49 and its two-hundred day simple moving average is $631.06. The firm has a market capitalization of $178.41 billion, a price-to-earnings ratio of 59.22, a P/E/G ratio of 3.14 and a beta of 1.24. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 1 year low of $473.56 and a 1 year high of $676.62.
Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the firm posted $0.40 EPS. The business’s revenue was up 17.4% on a year-over-year basis. Equities analysts anticipate that Intuit Inc. will post 14.06 earnings per share for the current fiscal year.
Intuit Increases Dividend
Institutional Trading of Intuit
A number of hedge funds have recently modified their holdings of the business. LGT Financial Advisors LLC purchased a new stake in shares of Intuit in the 2nd quarter worth approximately $25,000. Cultivar Capital Inc. purchased a new stake in shares of Intuit in the second quarter worth $26,000. Fairway Wealth LLC purchased a new stake in shares of Intuit in the second quarter worth $26,000. Hobbs Group Advisors LLC bought a new position in shares of Intuit during the second quarter valued at $35,000. Finally, J.Safra Asset Management Corp purchased a new position in shares of Intuit in the 2nd quarter worth about $39,000. Institutional investors own 83.66% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on INTU. JPMorgan Chase & Co. increased their price target on shares of Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Friday. Susquehanna reiterated a “positive” rating and issued a $757.00 target price on shares of Intuit in a research report on Friday, August 16th. Jefferies Financial Group upped their price target on shares of Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Barclays decreased their price objective on Intuit from $745.00 to $740.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $720.37.
View Our Latest Report on INTU
About Intuit
Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.
Featured Articles
- Five stocks we like better than Intuit
- Trading Halts Explained
- Biohaven Stock Soars on Drug Trial Results: Time to Jump In?
- The How And Why of Investing in Oil Stocks
- Is AMD a Legitimate Threat to NVIDIA? What Investors Should Watch
- Differences Between Momentum Investing and Long Term Investing
- Novo Nordisk’s Setback Won’t Last: A Game-Changing Drug Emerges
Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.