Today: Today, Insider Selling: Intuit Inc. (INTU) VP Sold $218,469.24 in Stock

Today, Insider Selling: Intuit Inc. (INTU) VP Sold $218,469.24 in Stock

Intuit Inc. (NASDAQ:INTU) VP Mark J. Flournoy sold 1,892 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $115.47, for a total transaction of $218,469.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Intuit Inc. (NASDAQ:INTU) opened at 115.82 on Friday. The firm’s 50-day moving average is $109.17 and its 200 day moving average is $109.48. Intuit Inc. has a 1-year low of $88.17 and a 1-year high of $116.97. The company has a market cap of $29.72 billion, a price-to-earnings ratio of 30.98 and a beta of 1.08.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 17th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The business earned $778 million during the quarter, compared to analysts’ expectations of $754.36 million. Intuit had a return on equity of 82.77% and a net margin of 20.59%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. Equities analysts expect that Intuit Inc. will post $4.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 18th. Shareholders of record on Tuesday, January 10th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, January 6th. This represents a $1.36 dividend on an annualized basis and a yield of 1.17%. Intuit’s payout ratio is currently 36.27%.

Several research firms recently issued reports on INTU. Zacks Investment Research cut shares of Intuit from a “hold” rating to a “sell” rating in a research report on Thursday. RBC Capital Markets reissued a “hold” rating and issued a $108.00 target price on shares of Intuit in a research report on Wednesday, August 24th. Credit Suisse Group AG reissued a “neutral” rating and issued a $100.00 target price on shares of Intuit in a research report on Wednesday, August 24th. Brean Capital lifted their price target on shares of Intuit from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 24th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $125.00 price target (down from $130.00) on shares of Intuit in a research report on Wednesday, August 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $200.83.

Large investors have recently made changes to their positions in the company. Capital World Investors boosted its stake in shares of Intuit by 6.3% in the second quarter. Capital World Investors now owns 25,318,000 shares of the company’s stock worth $2,825,742,000 after buying an additional 1,498,606 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Intuit by 0.6% in the second quarter. Vanguard Group Inc. now owns 15,684,079 shares of the company’s stock worth $1,750,501,000 after buying an additional 95,073 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Intuit by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,489,258 shares of the company’s stock worth $835,876,000 after buying an additional 21,417 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Intuit by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 6,181,276 shares of the company’s stock worth $689,891,000 after buying an additional 265,334 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Intuit by 10.9% in the second quarter. FMR LLC now owns 4,090,210 shares of the company’s stock worth $456,508,000 after buying an additional 401,036 shares during the last quarter. 84.68% of the stock is owned by hedge funds and other institutional investors.

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