Intuit SVP Sells $165,186 in Stock (INTU)
Intuit (NASDAQ:INTU) SVP Sasan K. Goodarzi sold 2,111 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $78.25, for a total value of $165,185.75. Following the transaction, the senior vice president now directly owns 3,179 shares of the company’s stock, valued at approximately $248,757. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Intuit in a research note on Thursday, May 22nd. They now have a $66.00 price target on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of Intuit to $80.00 in a research note on Wednesday, May 21st. They now have a “neutral” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Intuit from $84.00 to $89.00 in a research note on Wednesday, May 21st. They now have a “strong-buy” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $77.85.
Intuit (NASDAQ:INTU) traded up 0.69% during mid-day trading on Tuesday, hitting $80.14. 1,336,782 shares of the company’s stock traded hands. Intuit has a 52 week low of $56.74 and a 52 week high of $82.40. The stock has a 50-day moving average of $75. and a 200-day moving average of $75.61. The company has a market cap of $22.751 billion and a price-to-earnings ratio of 25.40.
Intuit (NASDAQ:INTU) last released its earnings data on Tuesday, May 20th. The company reported $3.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.50 by $0.03. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the company posted $2.97 earnings per share. Intuit’s revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Intuit will post $3.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 18th. Investors of record on Thursday, July 10th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, July 8th.
Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.