Intuit Inc. (NASDAQ:INTU) CFO Michelle M. Clatterbuck sold 3,855 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $285.62, for a total value of $1,101,065.10. Following the transaction, the chief financial officer now directly owns 1,492 shares in the company, valued at $426,145.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of INTU traded down $2.27 during trading hours on Friday, hitting $290.04. 393,298 shares of the company were exchanged, compared to its average volume of 1,310,612. The company has a market cap of $74.46 billion, a price-to-earnings ratio of 51.98, a P/E/G ratio of 2.79 and a beta of 1.10. Intuit Inc. has a fifty-two week low of $182.61 and a fifty-two week high of $295.77. The company has a quick ratio of 1.85, a current ratio of 1.83 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $278.71 and its 200 day moving average is $261.38.
Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 22nd. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.37. The company 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%. Intuit’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. Analysts anticipate that Intuit Inc. will post 6.3 EPS for the current year.
A number of research analysts have commented on INTU shares. Stifel Nicolaus upped their price objective on Intuit from $290.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Jefferies Financial Group set a $320.00 price objective on Intuit and gave the company a “buy” rating in a report on Friday, August 23rd. Barclays upped their price objective on Intuit from $245.00 to $276.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Argus set a $325.00 price objective on Intuit and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Oppenheimer upped their price objective on Intuit from $269.00 to $289.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $277.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in INTU. Private Ocean LLC purchased a new position in Intuit during the 1st quarter worth $28,000. Manchester Financial Inc. acquired a new position in shares of Intuit in the second quarter valued at approximately $30,000. FNY Investment Advisers LLC acquired a new position in shares of Intuit in the second quarter valued at approximately $30,000. Thor Advisors LLC acquired a new position in shares of Intuit in the first quarter valued at approximately $33,000. Finally, NewSquare Capital LLC acquired a new position in shares of Intuit in the second quarter valued at approximately $42,000. 89.76% of the stock is currently owned by institutional investors.
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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