Intuit Inc. (NASDAQ:INTU) Chairman Scott D. Cook sold 133,333 shares of Intuit stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $278.53, for a total value of $37,137,240.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ:INTU traded down $1.43 during trading hours on Wednesday, hitting $266.13. The company had a trading volume of 1,282,300 shares, compared to its average volume of 1,435,013. Intuit Inc. has a 1 year low of $182.61 and a 1 year high of $295.77. The company has a market cap of $71.75 billion, a P/E ratio of 47.69, a P/E/G ratio of 2.69 and a beta of 1.10. The company has a 50-day moving average of $278.81 and a 200 day moving average of $262.56. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.10.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.37. The business had revenue of $994.00 million for the quarter, compared to analyst estimates of $964.02 million. Intuit had a return on equity of 43.86% and a net margin of 22.95%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, analysts forecast that Intuit Inc. will post 6.3 earnings per share for the current year.
Several research firms recently commented on INTU. Deutsche Bank increased their price objective on Intuit from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. BidaskClub lowered Intuit from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research cut shares of Intuit from a “buy” rating to a “hold” rating and set a $268.00 target price on the stock. in a research note on Wednesday, May 29th. Barclays upped their target price on shares of Intuit from $245.00 to $276.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Finally, Argus set a $325.00 target price on shares of Intuit and gave the company a “buy” rating in a research report on Monday, August 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Intuit presently has an average rating of “Hold” and an average price target of $277.00.
Hedge funds have recently modified their holdings of the business. Whittier Trust Co. increased its position in shares of Intuit by 1.5% during the 2nd quarter. Whittier Trust Co. now owns 2,927 shares of the software maker’s stock worth $765,000 after purchasing an additional 42 shares during the last quarter. Berman Capital Advisors LLC boosted its stake in Intuit by 14.0% during the second quarter. Berman Capital Advisors LLC now owns 342 shares of the software maker’s stock worth $89,000 after buying an additional 42 shares during the period. Reynders McVeigh Capital Management LLC boosted its stake in Intuit by 3.1% during the second quarter. Reynders McVeigh Capital Management LLC now owns 1,652 shares of the software maker’s stock worth $432,000 after buying an additional 49 shares during the period. Hanseatic Management Services Inc. increased its position in shares of Intuit by 1.5% during the second quarter. Hanseatic Management Services Inc. now owns 3,468 shares of the software maker’s stock valued at $906,000 after acquiring an additional 50 shares during the last quarter. Finally, Pathway Financial Advisors LLC increased its position in shares of Intuit by 5.8% during the second quarter. Pathway Financial Advisors LLC now owns 919 shares of the software maker’s stock valued at $240,000 after acquiring an additional 50 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.
Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.
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