Insider Selling: Intuit CFO Sells 143,000 Shares of Stock (INTU)
Intuit (NASDAQ:INTU) CFO R Neil Williams unloaded 143,000 shares of Intuit stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $65.28, for a total transaction of $9,335,040.00. Following the completion of the transaction, the chief financial officer now directly owns 6,065 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on INTU. Analysts at Evercore Partners raised their price target on shares of Intuit (NASDAQ:INTU) from $63.00 to $64.00 in a research note to investors on Wednesday, September 4th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks downgraded shares of Intuit (NASDAQ:INTU) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 26th. They now have a $62.20 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Intuit (NASDAQ:INTU) from $75.00 to $77.00 in a research note to investors on Wednesday, August 21st. They now have a “strong-buy” rating on the stock.
One analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Intuit currently has an average rating of “Hold” and a consensus target price of $68.08.
Shares of Intuit (NASDAQ:INTU) traded up 1.33% during mid-day trading on Tuesday, hitting $66.32. The stock had a trading volume of 1,618,393 shares. Intuit has a one year low of $55.54 and a one year high of $68.41. The stock’s 50-day moving average is $63.9 and its 200-day moving average is $62.58. The company has a market cap of $19.763 billion and a price-to-earnings ratio of 23.08.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.00 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.03. The company had revenue of $634.00 million for the quarter, compared to the consensus estimate of $658.05 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts expect that Intuit will post $3.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 18th. Stockholders of record on Thursday, October 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 1.15%. The ex-dividend date of this dividend is Tuesday, October 8th. This is a boost from Intuit’s previous quarterly dividend of $0.17.
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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