Intuit Inc. (NASDAQ:INTU – Get Free Report) EVP Mark P. Notarainni sold 7,274 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $548.30, for a total transaction of $3,988,334.20. Following the transaction, the executive vice president now directly owns 869 shares of the company’s stock, valued at $476,472.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Intuit Stock Performance
INTU stock opened at $550.56 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. Intuit Inc. has a twelve month low of $352.63 and a twelve month high of $558.64. The business’s fifty day moving average is $500.29 and its 200-day moving average is $454.86. The company has a market cap of $154.30 billion, a P/E ratio of 65.23, a price-to-earnings-growth ratio of 3.34 and a beta of 1.19.
Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results on Thursday, August 24th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.22. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Intuit had a return on equity of 16.61% and a net margin of 16.59%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 earnings per share. Equities research analysts forecast that Intuit Inc. will post 11.25 EPS for the current year.
Intuit Increases Dividend
Wall Street Analyst Weigh In
A number of brokerages have commented on INTU. Argus raised their price target on shares of Intuit from $580.00 to $640.00 and gave the stock a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on Intuit from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Piper Sandler lifted their price objective on Intuit from $497.00 to $528.00 and gave the company an “overweight” rating in a report on Friday, August 25th. Mizuho upped their target price on shares of Intuit from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday. Finally, StockNews.com initiated coverage on shares of Intuit in a report on Thursday, August 17th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $546.55.
Get Our Latest Analysis on INTU
Hedge Funds Weigh In On Intuit
Hedge funds and other institutional investors have recently made changes to their positions in the company. HHM Wealth Advisors LLC acquired a new stake in Intuit during the 1st quarter worth $25,000. Raleigh Capital Management Inc. increased its holdings in shares of Intuit by 100.0% in the first quarter. Raleigh Capital Management Inc. now owns 58 shares of the software maker’s stock worth $26,000 after acquiring an additional 29 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of Intuit during the first quarter worth about $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Intuit in the 1st quarter valued at approximately $29,000. Finally, Barrett & Company Inc. bought a new stake in Intuit during the 1st quarter worth approximately $29,000. 82.63% of the stock is owned by institutional investors.
About Intuit
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 ProConnect.
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