Intuit Inc (INTU) Files Form 4 Insider Selling : Mark J Flournoy Sells 10,627 Shares

Intuit Inc (INTU): Mark J Flournoy , VP, Chief Accounting Officer of Intuit Inc sold 10,627 shares on May 27, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $107.28 per share for a total value of $1,140,262.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Henry Tayloe Stansbury (EVP, Chief Technology Officer) sold 5,575 shares at $105.00 per share price.On Mar 11, 2016, Brad D Smith (CEO, President, and Chairman) sold 18,303 shares at $100.04 per share price.Also, On Jan 5, 2016, Edward A Kangas (director) sold 10,000 shares at $93.53 per share price.On Dec 1, 2015, Johnson Suzanne M Nora (director) sold 7,500 shares at $100.07 per share price.

Intuit: On Friday, May 27, 2016 heightened volatility was witnessed in Intuit which led to swings in the share price. The shares opened for trading at $107.29 and hit $107.93 on the upside , eventually ending the session at $107.89, with a gain of 0.99% or 1.06 points. The heightened volatility saw the trading volume jump to 13,86,421 shares. The 52-week high of the share price is $108.2 and the company has a market cap of $27,606 M . The 52-week low of the share price is at $79.63.

Intuit Money Flow Index Chart

Company has been under the radar of several Street Analysts.Intuit is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 134 from a previous price target of $125 .The Rating was issued on May 25, 2016.Intuit is Initiated by Goldman to Buy and the brokerage firm has set the Price Target at $117. The Rating was issued on May 23, 2016.Intuit is Initiated by Credit Suisse to Neutral and the brokerage firm has set the Price Target at $100. The Rating was issued on Apr 21, 2016.Intuit is Initiated by Brean Capital to Buy and the brokerage firm has set the Price Target at $125. The Rating was issued on Apr 14, 2016.

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. The Company’s Small Business segment solutions include QuickBooks Online Online Payroll solutions Online Payments solutions and Intuit Developer Group. The Company’s Small Business Desktop Ecosystem solutions include QuickBooks Desktop Payroll Solutions Desktop Payments solutions QuickBooks Technical Support and financial supplies. The Consumer Tax segment offers tax return preparation offerings electronic filing and other services and Intuit Tax Freedom Project. The Company’s professional tax offerings include Lacerte and ProSeries.

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