What's it mean going forward? Probably nothing, but it sure is nice to be Brad Smith. Logan Wallace for Ticker Report writes: Intuit (NASDAQ:INTU) CEO Brad Smith sold 100,000 shares of the stock on the open market in a transaction dated Monday, February 24th. The stock was sold at an average price of $77.73, for a total transaction of $7,773,000.00. Following the completion of the transaction, the chief executive officer now directly owns 224,640 shares in the company, valued at approximately $17,461,267. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on INTU. Analysts at Jefferies Group raised their price target on shares of Intuit from $73.00 to $75.00 in a research note on Friday, February 21st. They now have a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of Intuit from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. They now have a $71.40 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Intuit from $68.00 to $65.00 in a research note on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $72.79.
Intuit (NASDAQ:INTU) traded up 0.58% on Wednesday, hitting $77.775. The stock had a trading volume of 305,877 shares. Intuit has a 1-year low of $55.54 and a 1-year high of $78.74. The stock has a 50-day moving average of $74.08 and a 200-day moving average of $70.73. The company has a market cap of $22.088 billion and a P/E ratio of 30.11.
Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.12. The company had revenue of $782.00 million for the quarter, compared to the consensus estimate of $778.88 million. Analysts expect that Intuit will post $3.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 18th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, April 8th.
Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.
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