Scott D. Cook Sells 183,333 Shares of Intuit Inc. (INTU) Stock
Intuit Inc. (NASDAQ:INTU) insider Scott D. Cook sold 183,333 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $155.03, for a total value of $28,422,114.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Intuit Inc. (INTU) traded down $0.33 during trading on Friday, reaching $155.23. The company’s stock had a trading volume of 1,637,860 shares, compared to its average volume of 1,489,772. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35. The company has a market cap of $39,610.00, a P/E ratio of 41.76, a P/E/G ratio of 2.81 and a beta of 1.18. Intuit Inc. has a 52-week low of $111.90 and a 52-week high of $158.90.
Intuit (NASDAQ:INTU) last announced its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.30. The firm had revenue of $886.00 million for the quarter, compared to the consensus estimate of $855.74 million. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. equities research analysts predict that Intuit Inc. will post 3.95 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in INTU. Exane Derivatives acquired a new position in shares of Intuit during the 3rd quarter valued at $105,000. Captrust Financial Advisors acquired a new position in shares of Intuit during the 2nd quarter valued at $108,000. Horan Capital Advisors LLC. acquired a new position in shares of Intuit during the 3rd quarter valued at $114,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Intuit during the 2nd quarter valued at $140,000. Finally, ETF Managers Group LLC acquired a new position in shares of Intuit during the 2nd quarter valued at $140,000. 86.28% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Intuit from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Jefferies Group assumed coverage on Intuit in a report on Thursday, August 24th. They issued a “buy” rating and a $157.00 price target on the stock. Deutsche Bank reissued a “buy” rating and issued a $150.00 price target on shares of Intuit in a report on Wednesday, August 23rd. Oppenheimer reissued a “buy” rating and issued a $166.00 price target (up previously from $159.00) on shares of Intuit in a report on Tuesday, November 21st. Finally, Citigroup raised their price target on Intuit to $170.00 in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $152.89.
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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