Intuit Inc. (INTU) EVP Henry Tayloe Stansbury Sells 15,415 Shares
Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 15,415 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $141.27, for a total value of $2,177,677.05. Following the sale, the executive vice president now directly owns 892 shares of the company’s stock, valued at $126,012.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Henry Tayloe Stansbury also recently made the following trade(s):
- On Thursday, August 31st, Henry Tayloe Stansbury sold 5,350 shares of Intuit stock. The stock was sold at an average price of $140.25, for a total value of $750,337.50.
- On Wednesday, June 28th, Henry Tayloe Stansbury sold 1,871 shares of Intuit stock. The stock was sold at an average price of $135.29, for a total value of $253,127.59.
Shares of Intuit Inc. (NASDAQ INTU) traded down 0.10% on Thursday, hitting $141.00. The stock had a trading volume of 1,525,680 shares. Intuit Inc. has a 12-month low of $103.22 and a 12-month high of $143.81. The firm has a market cap of $36.24 billion, a price-to-earnings ratio of 37.90 and a beta of 1.15. The stock has a 50 day moving average of $137.36 and a 200 day moving average of $130.40.
Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 22nd. The software maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. The firm had revenue of $842 million for the quarter, compared to analyst estimates of $808.82 million. Intuit had a return on equity of 82.43% and a net margin of 18.76%. Intuit’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. Equities analysts predict that Intuit Inc. will post $4.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, October 6th. This is a positive change from Intuit’s previous quarterly dividend of $0.34. Intuit’s dividend payout ratio is 36.56%.
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A number of equities research analysts recently issued reports on the company. First Analysis raised Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price target for the company in a research note on Wednesday, August 23rd. Oppenheimer Holdings, Inc. lifted their target price on Intuit from $141.00 to $146.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. Moffett Nathanson began coverage on Intuit in a research report on Thursday. They set a “buy” rating and a $150.00 target price for the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $141.00 target price on shares of Intuit in a research report on Thursday, August 24th. Finally, Jefferies Group LLC began coverage on Intuit in a research report on Thursday, August 24th. They set a “buy” rating and a $157.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $138.28.
Large investors have recently bought and sold shares of the stock. Captrust Financial Advisors purchased a new position in Intuit in the second quarter valued at $108,000. Guardian Life Insurance Co. of America increased its holdings in Intuit by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock valued at $109,000 after buying an additional 5 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Intuit in the second quarter valued at $123,000. Johnson Financial Group Inc. increased its holdings in Intuit by 5.8% in the first quarter. Johnson Financial Group Inc. now owns 1,080 shares of the software maker’s stock valued at $126,000 after buying an additional 59 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Intuit in the second quarter valued at $140,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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