Shares of Intuit Inc. (NASDAQ:INTU) hit a new 52-week high during trading on Tuesday . The company traded as high as $116.72 and last traded at $116.61, with a volume of 589,175 shares traded. The stock had previously closed at $115.63.

A number of analysts have commented on INTU shares. Brean Capital restated a “buy” rating and issued a $130.00 price target (up previously from $125.00) on shares of Intuit in a research report on Monday, May 23rd. Goldman Sachs Group Inc. started coverage on Intuit in a research report on Monday, May 23rd. They issued a “buy” rating and a $117.00 price target for the company. Zacks Investment Research upgraded Intuit from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Monday, March 21st. Deutsche Bank AG restated a “buy” rating and issued a $125.00 price target on shares of Intuit in a research report on Tuesday, May 24th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Intuit in a research note on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $109.50.

The firm has a 50 day moving average of $108.82 and a 200 day moving average of $101.39. The firm has a market cap of $29.66 billion and a PE ratio of 30.28.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, May 24th. The company reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.22. The business had revenue of $2.30 billion for the quarter. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business earned $2.85 EPS. Analysts anticipate that Intuit Inc. will post $3.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 18th. Stockholders of record on Tuesday, July 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, July 8th. This represents a $1.20 annualized dividend and a dividend yield of 1.04%.

In related news, EVP Henry Tayloe Stansbury sold 5,575 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $105.00, for a total transaction of $585,375.00. Following the completion of the transaction, the executive vice president now directly owns 2,423 shares of the company’s stock, valued at $254,415. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Laura A. Fennell sold 10,056 shares of the stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $107.31, for a total transaction of $1,079,109.36. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its position in Intuit by 25.4% in the fourth quarter. Morgan Stanley now owns 2,755,087 shares of the company’s stock valued at $265,865,000 after buying an additional 557,574 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in Intuit by 48.8% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 704,700 shares of the company’s stock valued at $68,003,000 after buying an additional 230,996 shares in the last quarter. Marshall Wace LLP boosted its position in Intuit by 491.4% in the fourth quarter. Marshall Wace LLP now owns 570,208 shares of the company’s stock valued at $55,025,000 after buying an additional 473,793 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its position in Intuit by 0.5% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 429,649 shares of the company’s stock valued at $42,226,000 after buying an additional 1,990 shares in the last quarter. Finally, US Bancorp DE boosted its position in Intuit by 9.9% in the fourth quarter. US Bancorp DE now owns 215,901 shares of the company’s stock valued at $20,833,000 after buying an additional 19,376 shares in the last quarter.

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 Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others.

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