Intuit Inc. (NASDAQ:INTU – Get Free Report) CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $655.13, for a total value of $488,071.85. Following the transaction, the chief accounting officer now directly owns 3,180 shares in the company, valued at $2,083,313.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Intuit Trading Up 0.8 %
NASDAQ INTU opened at $669.36 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $631.06 and a 200 day simple moving average of $568.83. Intuit Inc. has a 12 month low of $384.05 and a 12 month high of $670.73. The firm has a market capitalization of $187.41 billion, a P/E ratio of 68.30, a PEG ratio of 4.05 and a beta of 1.24.
Intuit (NASDAQ:INTU – Get Free Report) last posted its earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping the consensus estimate of $2.30 by $0.33. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.39 billion. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. On average, analysts predict that Intuit Inc. will post 11.25 EPS for the current fiscal year.
Intuit Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Intuit from $615.00 to $710.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. lifted their price objective on Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Susquehanna boosted their price objective on Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Stifel Nicolaus raised their target price on Intuit from $600.00 to $720.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Evercore ISI boosted their price target on Intuit from $670.00 to $725.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $633.29.
View Our Latest Report on Intuit
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OFI Invest Asset Management purchased a new position in Intuit in the third quarter valued at approximately $51,000. V Square Quantitative Management LLC lifted its holdings in Intuit by 18.8% during the third quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker’s stock valued at $1,558,000 after purchasing an additional 482 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Intuit by 2,017.2% during the second quarter. Orion Portfolio Solutions LLC now owns 46,007 shares of the software maker’s stock valued at $22,282,000 after purchasing an additional 43,834 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in Intuit during the second quarter valued at about $285,000. Finally, Thematics Asset Management lifted its holdings in Intuit by 8.4% during the second quarter. Thematics Asset Management now owns 21,897 shares of the software maker’s stock valued at $10,033,000 after purchasing an additional 1,704 shares during the last quarter. 82.63% of the stock is currently owned by hedge funds and other institutional investors.
Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.
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