Mark J. Flournoy Sells 5,513 Shares of Intuit Inc. (INTU) Stock

Intuit Inc. (NASDAQ:INTU) VP Mark J. Flournoy sold 5,513 shares of the company’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $197.16, for a total value of $1,086,943.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

INTU opened at $197.09 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $50.75 billion, a price-to-earnings ratio of 52.28, a P/E/G ratio of 2.61 and a beta of 1.13. Intuit Inc. has a 52 week low of $130.26 and a 52 week high of $199.48.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, May 22nd. The software maker reported $4.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.68 by $0.14. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.86 billion. Intuit had a return on equity of 79.36% and a net margin of 20.39%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.90 EPS. equities research analysts expect that Intuit Inc. will post 4.53 earnings per share for the current fiscal year.



The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 18th. Shareholders of record on Tuesday, July 10th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.79%. The ex-dividend date is Monday, July 9th. Intuit’s dividend payout ratio is presently 41.38%.

A number of analysts recently issued reports on the company. Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Barclays reissued a “hold” rating and issued a $190.00 target price on shares of Intuit in a research report on Sunday, May 20th. Oppenheimer upped their target price on Intuit from $181.00 to $206.00 and gave the company an “outperform” rating in a research report on Wednesday. First Analysis cut Intuit from an “equal” rating to a “sell” rating and upped their target price for the company from $143.00 to $160.00 in a research report on Wednesday. Finally, Wells Fargo & Co set a $215.00 target price on Intuit and gave the company an “outperform” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $191.35.

Several hedge funds have recently modified their holdings of the company. Traynor Capital Management Inc. raised its stake in shares of Intuit by 20.4% during the 1st quarter. Traynor Capital Management Inc. now owns 1,659 shares of the software maker’s stock worth $287,000 after buying an additional 281 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in shares of Intuit by 1.0% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 31,600 shares of the software maker’s stock worth $4,986,000 after buying an additional 300 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Intuit by 0.8% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 38,202 shares of the software maker’s stock worth $6,622,000 after buying an additional 300 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of Intuit by 5.8% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 5,510 shares of the software maker’s stock worth $955,000 after buying an additional 300 shares in the last quarter. Finally, Reilly Herbert Faulkner III raised its stake in shares of Intuit by 0.9% during the 1st quarter. Reilly Herbert Faulkner III now owns 35,680 shares of the software maker’s stock worth $6,185,000 after buying an additional 318 shares in the last quarter. 87.62% of the stock is 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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