Insider Selling: Dan Maurer Sells 75,000 Shares of Intuit Stock (INTU)
Intuit (NASDAQ:INTU) SVP Dan Maurer unloaded 75,000 shares of Intuit stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $79.27, for a total value of $5,945,250.00. Following the completion of the transaction, the senior vice president now directly owns 17,265 shares of the company’s stock, valued at approximately $1,368,597. 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 0.11% on Wednesday, hitting $79.30. The stock had a trading volume of 949,427 shares. Intuit has a 52-week low of $56.74 and a 52-week high of $82.40. The stock’s 50-day moving average is $76.20 and its 200-day moving average is $75.87. The company has a market cap of $22.512 billion and a price-to-earnings ratio of 25.34.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results 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. Analysts expect that Intuit will post $3.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Shareholders of record on Thursday, July 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 0.96%. The ex-dividend date of this dividend is Tuesday, July 8th.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Intuit in a research note on Wednesday, May 28th. They now have a $84.00 price target on the stock, up previously from $77.00. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.23.
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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