Intuit CAO Mark J. Flournoy Unloads 1,921 Shares (INTU)
Intuit (NASDAQ:INTU) CAO Mark J. Flournoy sold 1,921 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $79.50, for a total transaction of $152,719.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Intuit (NASDAQ:INTU) traded up 0.84% on Friday, hitting $80.03. 1,399,454 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 $76.53 and a 200-day moving average of $75.93. The company has a market cap of $22.719 billion and a P/E ratio of 25.33.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $3.53 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $2.97 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts predict that Intuit will post $3.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Investors 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 0.95%. The ex-dividend date of this dividend is Tuesday, July 8th.
A number of research firms have recently commented on INTU. 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Intuit has an average rating of “Hold” and a consensus price target 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.
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.