Intuit Inc. (NASDAQ:INTU – Get Free Report) CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the transaction, the chief accounting officer now directly owns 1,864 shares in the company, valued at approximately $1,154,337.92. The trade was a 36.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Intuit Price Performance
Shares of INTU opened at $623.80 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. Intuit Inc. has a 1-year low of $557.29 and a 1-year high of $714.78. The stock has a market cap of $174.61 billion, a PE ratio of 60.56, a price-to-earnings-growth ratio of 3.24 and a beta of 1.25. The firm has a fifty day moving average price of $649.57 and a 200 day moving average price of $637.71.
Intuit (NASDAQ:INTU – Get Free Report) last posted its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 EPS. As a group, sell-side analysts anticipate that Intuit Inc. will post 14.07 EPS for the current year.
Intuit Dividend Announcement
Analyst Upgrades and Downgrades
Several research analysts have recently commented on INTU shares. Stifel Nicolaus lowered their price objective on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Scotiabank initiated coverage on shares of Intuit in a research report on Monday, November 18th. They issued a “sector perform” rating and a $700.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $760.00 price objective on shares of Intuit in a research report on Friday, November 22nd. Piper Sandler reiterated an “overweight” rating and issued a $765.00 target price on shares of Intuit in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price target on Intuit from $600.00 to $640.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $737.44.
View Our Latest Research Report on Intuit
Hedge Funds Weigh In On Intuit
A number of institutional investors have recently modified their holdings of INTU. Fairway Wealth LLC acquired a new stake in Intuit during the 2nd quarter worth $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Intuit in the third quarter valued at about $27,000. Denver PWM LLC acquired a new stake in shares of Intuit during the third quarter worth about $32,000. Dunhill Financial LLC grew its holdings in shares of Intuit by 110.3% during the third quarter. Dunhill Financial LLC now owns 61 shares of the software maker’s stock worth $38,000 after buying an additional 32 shares during the last quarter. Finally, Kimelman & Baird LLC acquired a new position in Intuit in the 2nd quarter valued at about $49,000. 83.66% of the stock is owned by institutional investors and hedge funds.
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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