American Market & Banking News writes: Intuit (NASDAQ:INTU) CEO Brad D. Smith unloaded 21,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $82.24, for a total value of $1,727,040.00. Following the sale, the chief executive officer now directly owns 234,091 shares in the company, valued at approximately $19,251,644. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Intuit (NASDAQ:INTU) traded down 0.31% during mid-day trading on Tuesday, hitting $82.64. 1,750,677 shares of the company’s stock traded hands. Intuit has a 52 week low of $62.89 and a 52 week high of $86.80. The stock’s 50-day moving average is $82.23 and its 200-day moving average is $78.69. The company has a market cap of $23.470 billion and a P/E ratio of 26.85.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. Intuit’s revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that Intuit will post $2.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 20th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $0.19.
A number of analysts have recently weighed in on INTU shares. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Intuit in a research note on Friday. They now have a $100.00 price target on the stock, up previously from $89.00. Separately, analysts at Barclays raised their price target on shares of Intuit from $69.00 to $90.00 in a research note on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Intuit from $87.00 to $95.00 in a research note on Friday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.43.
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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Intuit (NASDAQ:INTU) SVP Sasan K. Goodarzi sold 5,051 shares of Intuit stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $82.29, for a total value of $415,646.79. Following the transaction, the senior vice president now directly owns 3,179 shares in the company, valued at approximately $261,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Intuit (NASDAQ:INTU) traded down 0.31% on Tuesday, hitting $82.64. The stock had a trading volume of 1,750,677 shares. Intuit has a 1-year low of $62.89 and a 1-year high of $86.80. The stock has a 50-day moving average of $82.23 and a 200-day moving average of $78.69. The company has a market cap of $23.470 billion and a price-to-earnings ratio of 26.85.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts expect that Intuit will post $2.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 20th. Investors of record on Friday, October 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, October 8th. This is an increase from Intuit’s previous quarterly dividend of $0.19.
A number of analysts have recently weighed in on INTU shares. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Intuit in a research note on Friday. They now have a $100.00 price target on the stock, up previously from $89.00. Separately, analysts at Barclays raised their price target on shares of Intuit from $69.00 to $90.00 in a research note on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Intuit from $87.00 to $95.00 in a research note on Friday. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Intuit presently has an average rating of “Hold” and a consensus price target of $81.43.
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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