Tuesday, December 2, 2014

Intuit CEO Sells $23,972,000 in Stock (INTU)

SleekMoney.com writes: Intuit (NASDAQ:INTU) CEO Brad D. Smith sold 260,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $92.20, for a total transaction of $23,972,000.00. Following the completion of the sale, the chief executive officer now directly owns 123,377 shares of the company’s stock, valued at approximately $11,375,359. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Morningstar reiterated a “standard” rating on shares of Intuit in a research note on Monday, November 24th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Intuit in a research note on Friday, November 21st. They now have a $85.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Intuit from $90.00 to $92.00 in a research note on Friday, November 21st. They now have an “equal weight” rating on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Intuit has a consensus rating of “Hold” and a consensus price target of $91.57.
Intuit (NASDAQ:INTU) traded up 0.27% during mid-day trading on Monday, hitting $94.12. 1,808,699 shares of the company’s stock traded hands. Intuit has a 52 week low of $69.02 and a 52 week high of $95.42. The stock has a 50-day moving average of $87.4 and a 200-day moving average of $83.35. The company has a market cap of $26.871 billion and a price-to-earnings ratio of 32.62.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.10. The company had revenue of $672.00 million for the quarter, compared to the consensus estimate of $620.80 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that Intuit will post $2.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 20th. Investors of record on Friday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, January 7th.
Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions forsmall businesses, consumers, accounting professionals and financial institutions.


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