Henry Tayloe Stansbury Sold 3,742 Shares of Intuit Inc. (INTU) Shares

Henry Tayloe Stansbury Sold 3,742 Shares of Intuit Inc. (INTU) Shares

Intuit Inc. (NASDAQ:INTU) EVP Henry Tayloe Stansbury sold 3,742 shares of Intuit stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $137.92, for a total transaction of $516,096.64. Following the sale, the executive vice president now owns 4,580 shares in the company, valued at approximately $631,673.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Henry Tayloe Stansbury also recently made the following trade(s):

Intuit Inc. (INTU) traded up 0.525% during mid-day trading on Tuesday, hitting $139.288. The company had a trading volume of 233,842 shares. The company has a market capitalization of $35.69 billion, a P/E ratio of 40.025 and a beta of 1.06. The company has a 50-day moving average price of $124.22 and a 200 day moving average price of $119.52. Intuit Inc. has a 52-week low of $103.03 and a 52-week high of $140.25.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, May 23rd. The software maker reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.03. Intuit had a return on equity of 82.77% and a net margin of 20.59%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the business posted $3.43 EPS. Intuit’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts forecast that Intuit Inc. will post $4.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Monday, July 10th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, July 6th. Intuit’s dividend payout ratio (DPR) is 36.27%.

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company purchased a new position in shares of Intuit during the third quarter worth approximately $27,103,000. Analytic Investors LLC boosted its position in shares of Intuit by 19.3% in the third quarter. Analytic Investors LLC now owns 3,781 shares of the software maker’s stock worth $416,000 after buying an additional 613 shares during the period. HBK Investments L P boosted its position in shares of Intuit by 149.6% in the third quarter. HBK Investments L P now owns 22,279 shares of the software maker’s stock worth $2,451,000 after buying an additional 13,352 shares during the period. Two Sigma Advisers LP boosted its position in shares of Intuit by 982.0% in the third quarter. Two Sigma Advisers LP now owns 766,329 shares of the software maker’s stock worth $84,304,000 after buying an additional 695,501 shares during the period. Finally, NorthCoast Asset Management LLC boosted its position in shares of Intuit by 50.2% in the third quarter. NorthCoast Asset Management LLC now owns 230,993 shares of the software maker’s stock worth $25,412,000 after buying an additional 77,202 shares during the period. Institutional investors own 85.77% of the company’s stock.

Several research firms have recently issued reports on INTU. Zacks Investment Research upgraded shares of Intuit from a “sell” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Monday. Barclays PLC reissued an “equal weight” rating on shares of Intuit in a report on Sunday. CIBC raised their target price on shares of Intuit from $125.00 to $141.00 and gave the company an “outperform” rating in a report on Friday. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $141.00 target price (up from $125.00) on shares of Intuit in a report on Thursday, May 25th. Finally, Credit Suisse Group AG raised their target price on shares of Intuit from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $203.97.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:INTU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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