Intuit Inc (INTU) Files Form 4 Insider Selling : Sasan K Goodarzi Sells 18,567 Shares

Intuit Inc (INTU): Sasan K Goodarzi , EVP, Small Business Group of Intuit Inc sold 18,567 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $110.03 per share for a total value of $2,038,354.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 7, 2016, R Neil Williams (EVP & Chief Financial Officer) sold 18,567 shares at $111.47 per share price.On Sep 7, 2016, Daniel A Wernikoff (EVP, Consumer Tax Group) sold 18,567 shares at $111.47 per share price.Also, On Sep 7, 2016, Henry Tayloe Stansbury (EVP & Chief Technology Officer) sold 11,503 shares at $111.47 per share price.On Aug 25, 2016, Sasan K Goodarzi (EVP, Small Business Group) sold 7,350 shares at $110.00 per share price.

Intuit: On Monday, Sep 12, 2016 heightened volatility was witnessed in Intuit which led to swings in the share price. The shares opened for trading at $108.92 and hit $109.92 on the upside , eventually ending the session at $109.54, with a gain of 0.27% or 0.29 points. The heightened volatility saw the trading volume jump to 1,462,149 shares. The 52-week high of the share price is $116.97 and the company has a market cap of $28,255 M . The 52-week low of the share price is at $84.36.

Intuit Money Flow Index Chart

Company has been under the radar of several Street Analysts.Intuit is Downgraded by Morgan Stanley to Underweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on Sep 13, 2016.Intuit is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 108 from a previous price target of $113 . The Rating was issued on Aug 24, 2016.Intuit is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 130 from a previous price target of $125 .The Rating was issued on Aug 24, 2016.Intuit is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 113 from a previous price target of $93 .The Rating was issued on Aug 15, 2016.Intuit is Downgraded by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 116 from a previous price target of $110 .Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jul 15, 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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