1 day Ago By ABMN Staff
Intuit Inc. ( NASDAQ:INTU – Get Free Report ) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 3,160,000 shares, a decline of 8.
4% from the August 15th total of 3,450,000 shares. Approximately 1.2% of the shares of the stock are short sold.
Based on an average trading volume of 1,370,000 shares, the days-to-cover ratio is presently 2.3 days. Intuit Stock Down 1.
8 % Shares of INTU stock traded down $11.75 during trading hours on Wednesday, reaching $633.07.
999,809 shares of the stock were exchanged, compared to its average volume of 1,319,334. The business’s fifty day moving average is $636.25 and its two-hundred day moving average is $631.
29. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.
29 and a quick ratio of 1.29. Intuit has a 12-month low of $473.
56 and a 12-month high of $676.62. The firm has a market capitalization of $176.
97 billion, a P/E ratio of 58.93, a P/E/G ratio of 3.14 and a beta of 1.
24. Intuit ( NASDAQ:INTU – Get Free Report ) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.
99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14.
The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.08 billion.
Intuit had a return on equity of 18.64% and a net margin of 18.19%.
The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.
40 earnings per share. As a group, research analysts expect that Intuit will post 14.06 EPS for the current fiscal year.
Intuit Increases Dividend Wall Street Analyst Weigh In Several brokerages have recently weighed in on INTU. JPMorgan Chase & Co. boosted their price target on shares of Intuit from $585.
00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Piper Sandler reissued an “overweight” rating and set a $768.
00 price target (up previously from $760.00) on shares of Intuit in a research report on Friday, August 23rd. Jefferies Financial Group boosted their price target on shares of Intuit from $770.
00 to $790.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Erste Group Bank reissued a “hold” rating on shares of Intuit in a research report on Friday, June 14th.
Finally, Citigroup boosted their price target on shares of Intuit from $727.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, June 28th.
Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $720.
37. Read Our Latest Analysis on INTU Insider Buying and Selling In related news, EVP Alex G. Balazs sold 2,941 shares of the business’s stock in a transaction on Tuesday, September 10th.
The shares were sold at an average price of $628.76, for a total value of $1,849,183.16.
Following the completion of the sale, the executive vice president now owns 20 shares of the company’s stock, valued at approximately $12,575.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink .
In other Intuit news, CFO Sandeep Aujla sold 862 shares of Intuit stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $621.03, for a total transaction of $535,327.
86. Following the sale, the chief financial officer now owns 3,840 shares of the company’s stock, valued at approximately $2,384,755.20.
The sale was disclosed in a filing with the SEC, which is available at the SEC website . Also, EVP Alex G. Balazs sold 2,941 shares of the business’s stock in a transaction dated Tuesday, September 10th.
The shares were sold at an average price of $628.76, for a total transaction of $1,849,183.16.
Following the transaction, the executive vice president now directly owns 20 shares in the company, valued at approximately $12,575.20. The disclosure for this sale can be found here .
In the last quarter, insiders sold 16,940 shares of company stock valued at $10,721,252. 2.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Intuit Several large investors have recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Intuit in the second quarter valued at approximately $786,000.
Sanctuary Advisors LLC acquired a new stake in shares of Intuit during the second quarter worth $12,334,000. Brown Financial Advisors acquired a new stake in shares of Intuit during the second quarter worth $1,067,000. Sycomore Asset Management lifted its holdings in shares of Intuit by 23.
7% during the second quarter. Sycomore Asset Management now owns 31,553 shares of the software maker’s stock worth $20,114,000 after purchasing an additional 6,039 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Intuit by 21.
3% during the second quarter. Clearbridge Investments LLC now owns 964,328 shares of the software maker’s stock worth $633,766,000 after purchasing an additional 169,190 shares during the period. 83.
66% of the stock is owned by institutional investors and hedge funds. About Intuit ( Get Free Report ) 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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