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Intuit beat earnings and revenue forecasts, raised its dividend, and saw insider sales in the past 90 days.
Intuit Inc. reported strong second-quarter results, with $2.75 earnings per share and $3.83 billion in revenue, surpassing expectations and marking a 20.3% year-over-year revenue increase.
The company raised its quarterly dividend to $1.20, a 15.4% hike, with a payout date of October 17.
Institutional investors, including Dogwood Wealth Management and Trust Co. of Vermont, adjusted their stakes, while insiders sold shares totaling $4.06 million in the past 90 days.
Intuit’s stock opened at $682.91 on October 1, with a market cap of $190.4 billion, a forward P/E of 49.70, and a consensus target price of $791.82.
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Intuit superó las previsiones de ganancias e ingresos, aumentó su dividendo y vio ventas internas en los últimos 90 días.