Intuit Inc. (NASDAQ:INTU) Chairman Scott D. Cook sold 184,733 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $158.98, for a total transaction of $29,368,852.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Intuit Inc. (NASDAQ:INTU) opened at $158.50 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.67 and a quick ratio of 0.67. Intuit Inc. has a 1 year low of $111.90 and a 1 year high of $161.44. The firm has a market cap of $40,490.00, a PE ratio of 41.93, a P/E/G ratio of 2.86 and a beta of 1.18.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.30. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The company had revenue of $886.00 million for the quarter, compared to analyst estimates of $855.74 million. During the same period in the prior year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. equities research analysts predict that Intuit Inc. will post 3.95 earnings per share for the current fiscal year.
Several analysts have commented on the stock. William Blair assumed coverage on shares of Intuit in a research note on Tuesday, September 19th. They issued an “outperform” rating on the stock. UBS Group cut shares of Intuit to an “underperform” rating in a research note on Wednesday, September 27th. Wells Fargo & Co upgraded shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price target on the stock in a research note on Thursday, September 21st. Argus assumed coverage on shares of Intuit in a research note on Wednesday, September 20th. They issued a “buy” rating and a $165.00 price target on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $148.00 price target on shares of Intuit in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $152.89.
A number of institutional investors have recently bought and sold shares of the stock. Exane Derivatives bought a new position in Intuit in the 3rd quarter worth about $105,000. Captrust Financial Advisors bought a new position in Intuit in the 2nd quarter worth about $108,000. Horan Capital Advisors LLC. bought a new position in Intuit in the 3rd quarter worth about $114,000. Harvest Fund Management Co. Ltd bought a new position in Intuit in the 2nd quarter worth about $140,000. Finally, ETF Managers Group LLC bought a new position in Intuit in the 2nd quarter worth about $140,000. 86.03% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Intuit Inc. (INTU) Chairman Sells $29,368,852.34 in Stock” was published by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.com-unik.info/2017/12/25/intuit-inc-intu-chairman-sells-29368852-34-in-stock.html.
Intuit Company Profile
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.
Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.