Intuit Inc. (NASDAQ:INTU) EVP James Alexander Chriss Sells 984 Shares
Intuit Inc. (NASDAQ:INTU – Get Rating) EVP James Alexander Chriss sold 984 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $386.29, for a total value of $380,109.36. Following the transaction, the executive vice president now owns 343 shares in the company, valued at $132,497.47. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
James Alexander Chriss also recently made the following trade(s):
- On Monday, February 28th, James Alexander Chriss sold 368 shares of Intuit stock. The stock was sold at an average price of $478.84, for a total value of $176,213.12.
Shares of Intuit stock traded up $16.06 during trading hours on Friday, reaching $422.48. 2,931,314 shares of the company were exchanged, compared to its average volume of 2,005,841. Intuit Inc. has a 1 year low of $339.36 and a 1 year high of $716.86. The stock’s fifty day moving average is $434.51 and its 200 day moving average is $523.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $119.48 billion, a PE ratio of 53.89, a PEG ratio of 2.89 and a beta of 1.16.
Intuit (NASDAQ:INTU – Get Rating) last posted its quarterly earnings data on Tuesday, May 24th. The software maker reported $7.65 earnings per share for the quarter, topping analysts’ consensus estimates of $7.58 by $0.07. Intuit had a return on equity of 20.37% and a net margin of 19.03%. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the company earned $5.45 earnings per share. The company’s revenue was up 35.0% on a year-over-year basis. Research analysts expect that Intuit Inc. will post 8.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 18th. Stockholders of record on Monday, July 11th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, July 8th. Intuit’s dividend payout ratio is currently 34.69%.
Several research analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on Intuit from $790.00 to $700.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Credit Suisse Group decreased their price objective on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday. Oppenheimer decreased their price objective on Intuit to $476.00 in a report on Wednesday. Piper Sandler decreased their price objective on Intuit from $674.00 to $500.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Edward Jones upgraded Intuit from a “hold” rating to a “buy” rating in a report on Friday, March 11th. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Intuit has an average rating of “Buy” and an average price target of $554.40.
Institutional investors have recently bought and sold shares of the company. JSF Financial LLC increased its holdings in Intuit by 2.9% in the fourth quarter. JSF Financial LLC now owns 675 shares of the software maker’s stock valued at $434,000 after buying an additional 19 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in Intuit by 0.7% in the fourth quarter. Segall Bryant & Hamill LLC now owns 2,601 shares of the software maker’s stock valued at $1,672,000 after buying an additional 19 shares during the last quarter. Hixon Zuercher LLC increased its holdings in Intuit by 2.4% in the fourth quarter. Hixon Zuercher LLC now owns 850 shares of the software maker’s stock valued at $547,000 after buying an additional 20 shares during the last quarter. FineMark National Bank & Trust increased its holdings in Intuit by 2.1% in the fourth quarter. FineMark National Bank & Trust now owns 959 shares of the software maker’s stock valued at $617,000 after buying an additional 20 shares during the last quarter. Finally, Oakworth Capital Inc. increased its holdings in Intuit by 2.3% in the fourth quarter. Oakworth Capital Inc. now owns 982 shares of the software maker’s stock valued at $632,000 after buying an additional 22 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.
About Intuit (Get Rating)
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Intuit, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Intuit wasn’t on the list.
While Intuit currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.