Insider Selling: Intuit SVP Unloads 2,794 Shares of Stock (INTU)
Intuit (NASDAQ:INTU) SVP Henry Tayloe Stansbury sold 2,794 shares of Intuit stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $83.11, for a total value of $232,209.34. Following the completion of the transaction, the senior vice president now directly owns 355 shares of the company’s stock, valued at approximately $29,504. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on INTU. Analysts at Zacks downgraded shares of Intuit from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $80.60 price target on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Intuit in a research note on Friday, August 22nd. They now have a $100.00 price target on the stock, up previously from $89.00. Finally, analysts at Barclays raised their price target on shares of Intuit from $69.00 to $90.00 in a research note on Friday, August 22nd. They now have an “equal weight” rating on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $81.37.
Shares of Intuit (NASDAQ:INTU) traded up 0.85% on Thursday, hitting $83.36. The stock had a trading volume of 1,750,772 shares. Intuit has a 52-week low of $62.89 and a 52-week high of $86.80. The stock’s 50-day moving average is $82.33 and its 200-day moving average is $78.80. The company has a market cap of $23.674 billion and a price-to-earnings ratio of 26.77.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts expect that Intuit will post $2.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 20th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, October 8th. This is a boost from Intuit’s previous quarterly dividend of $0.19.
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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