Insider Selling: Intuit SVP Sells 40,000 Shares of Stock (INTU)
Intuit (NASDAQ:INTU) SVP Dan Maurer sold 40,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $80.48, for a total value of $3,219,200.00. Following the completion of the sale, the senior vice president now directly owns 17,368 shares in the company, valued at approximately $1,397,777. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Intuit (NASDAQ:INTU) traded down 0.20% on Thursday, hitting $80.96. The stock had a trading volume of 1,276,552 shares. Intuit has a one year low of $60.19 and a one year high of $82.40. The stock has a 50-day moving average of $78.34 and a 200-day moving average of $76.50. The company has a market cap of $22.983 billion and a P/E ratio of 25.89.
Intuit (NASDAQ:INTU) last announced its 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. 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 0.94%. 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 investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $78.45.
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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