Here is the rundown on market activity for Intuit Inc. (NASDAQ:INTU). EVP, Consumer Tax Group Daniel A. Wernikoff sold 4,389 shares at an average price of $110.06 on Thu the 25th. That brings Wernikoff’s holdings to $393,685 as reported to the SEC. R. Neil Williams, EVP disclosed the sale of 6,636 shares of (INTU). The shares were sold on August 25th for an average price of $110.06. The EVP now owns $520,254 of the stock according to the SEC filing.
Sasan K. Goodarzi, EVP, Small Business Group sold $808,500 worth of shares at an average price of $110.00 on Thu the 25th. Goodarzi now owns $0 of stock as recorded in a recent Form 4 SEC filing.
Here are some other firms who have updated their holdings. As of the end of the quarter Evercore Wealth Management, LLC had bought 1,461 shares growing its holdings by 5,844.0%. The value of the total investment in Intuit Inc. increased from $3,000 to $166,000 a change of $163,000 quarter over quarter. As of quarter end Macquarie Group Ltd had disposed of a total of 100 shares trimming its position 1.5%. The value in dollars went from $686,000 to $725,000 a change of 5.7% quarter to quarter.
As of quarter end BNP Paribas Investment Partners S.A. had disposed of a total of 70,349 shares trimming its stake by 91.6%. The value of the investment in Intuit Inc. decreased from $7,412,000 to $721,000 decreasing 90.3% since the last quarter. As of quarter end Twin Tree Management, Lp had acquired a total of 14,600 shares growing its stake by 205.6%. The value of the company’s investment in Intuit Inc. increased from $622,000 to $2,094,000 a change of $1,472,000 for the reporting period.
On September 13 the stock rating was downgraded to “Underweight” from “” in a statement from Morgan Stanley. On August 25 Oppenheimer kept the company rating at “Buy” but raised the price target to $135.00 from $96.00.
August 24 investment analysts at Goldman Sachs left the stock rating at “Buy” but raised the price expectation from $123.00 to $124.00. August 24 investment analysts at Brean Capital held the company rating at “Buy” and moved up the price target from $130.00 to $135.00.
On August 24 UBS maintained a company rating of “Neutral” and raised the price expectation from $28.00 to $100.00. On August 24 Citigroup held the stock rating at “Neutral” but moved down the price target to $100.00 from $107.00.
In the market the company is trading up by 1.04 percent from yesterday’s close. Intuit Inc. also recently announced a dividend payable on Tuesday October 18th, 2016. The dividend payment will be $0.310 per share for the quarter which is $1.24 annualized. The dividend yield will be $1.13. The ex-dividend date has been established as Friday the 8th of July 2016.
Company chares are trading at $110.11 which is just a bit below $111.01, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $107.49. The 50 day moving average was down $-0.90 whereas the 200 day moving average was up $2.62 or +2.44%.
Intuit Inc.’s P/E ratio is 29.82 and the market value is 28.40B. As of the last earnings report the EPS was $3.69 and is projected to be $4.35 for the current year with 257,938,000 shares presently outstanding. Next quarter’s EPS is expected be $0.34 with next year’s EPS projected to be $4.96.
Investors are more bullish on shares of Intuit Inc. lately at least if you consider the decrease in short interest. The firm had a fall in short interest from August 31, 2016 to September 15, 2016 of -0.08%. Short interest decreased from 2,771,107 to 2,536,637 over that period. With short interest at 2,536,637 and short average daily volume at 1,592,916, the short-interest ratio is 1.6 and the percentage of shorted shares was 0.01% on September 15.