Representative Dan Newhouse (R-Washington) recently sold shares of Intuit Inc. NASDAQ: INTU. In a filing disclosed on May 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Intuit stock on April 11th. The trade occurred in the Representative's "EDWARD JONES IRA" account.
Representative Dan Newhouse also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Union Pacific NYSE: UNP on 4/11/2025.
- Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 4/11/2025.
- Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Moody's NYSE: MCO on 4/11/2025.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Dollar General NYSE: DG on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/11/2025.
- Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.
Intuit Stock Performance
Shares of NASDAQ INTU traded up $2.71 during trading hours on Wednesday, hitting $754.67. 1,367,045 shares of the stock were exchanged, compared to its average volume of 1,628,417. The firm has a market capitalization of $210.98 billion, a P/E ratio of 73.31, a P/E/G ratio of 2.85 and a beta of 1.24. The company's 50 day moving average is $622.13 and its 200 day moving average is $621.81. Intuit Inc. has a one year low of $532.65 and a one year high of $758.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.
Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.89 by $0.76. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.88 EPS. On average, research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Barclays reaffirmed an "overweight" rating and set a $815.00 price objective (up previously from $775.00) on shares of Intuit in a report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and issued a $785.00 price target (up previously from $720.00) on shares of Intuit in a report on Friday, May 23rd. Piper Sandler reiterated an "overweight" rating and issued a $825.00 price objective (up from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Citigroup restated a "buy" rating and set a $789.00 target price (up from $726.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $825.00 target price (up previously from $775.00) on shares of Intuit in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Intuit presently has an average rating of "Moderate Buy" and a consensus price target of $785.33.
Check Out Our Latest Analysis on Intuit
Insider Buying and Selling
In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $612.46, for a total value of $4,999,510.98. Following the sale, the executive vice president now owns 21,882 shares of the company's stock, valued at approximately $13,401,849.72. The trade was a 27.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott D. Cook sold 6,446 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the sale, the insider now directly owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock valued at $14,347,731 over the last ninety days. 2.68% of the stock is owned by company insiders.
Hedge Funds Weigh In On Intuit
A number of large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Intuit during the 4th quarter worth approximately $2,290,419,000. GAMMA Investing LLC grew its holdings in shares of Intuit by 69,701.9% during the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after purchasing an additional 2,821,534 shares in the last quarter. Nuveen LLC acquired a new position in Intuit during the first quarter worth about $882,031,000. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit in the 1st quarter valued at $785,564,000. Finally, Proficio Capital Partners LLC grew its holdings in Intuit by 112,233.1% during the 4th quarter. Proficio Capital Partners LLC now owns 1,063,794 shares of the software maker's stock worth $668,595,000 after acquiring an additional 1,062,847 shares during the last quarter. Institutional investors own 83.66% of the company's stock.
About Representative Newhouse
Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.
Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024.
Click here to see Newhouse's key votes in Congress.
Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.
Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.
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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