Media headlines about Intuit (NASDAQ:INTU) have been trending somewhat positive on Friday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Intuit earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.36749687922 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Intuit simplifies video meetings, consolidates providers – TechTarget (searchunifiedcommunications.techtarget.com)
- MercuryGate names Mike Lipps new president and chief operating officer (dcvelocity.com)
- Form 4 INTUIT INC For: Sep 12 Filed by: Williams R Neil (streetinsider.com)
- Intuit Inc. (INTU) CFO Sells $26,046,789.35 in Stock (americanbankingnews.com)
- Intuit Inc. (INTU) EVP Sells $2,291,831.87 in Stock (americanbankingnews.com)
INTU has been the topic of a number of research analyst reports. First Analysis raised shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price objective on the stock in a research report on Wednesday, August 23rd. Stifel Nicolaus boosted their price objective on shares of Intuit from $115.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, May 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $141.00 price objective on shares of Intuit in a research report on Thursday, August 24th. Zacks Investment Research raised shares of Intuit from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research report on Monday, August 28th. Finally, Citigroup Inc. downgraded shares of Intuit from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $148.00 to $141.00 in a research report on Monday, June 26th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $140.24.
Shares of Intuit (NASDAQ:INTU) traded up 0.04% during mid-day trading on Friday, hitting $142.13. 1,423,535 shares of the stock were exchanged. The company has a market capitalization of $36.24 billion, a PE ratio of 38.21 and a beta of 1.15. The firm has a 50-day moving average price of $138.38 and a 200 day moving average price of $131.17. Intuit has a 12-month low of $103.22 and a 12-month high of $143.81.
Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The business had revenue of $842.00 million during the quarter, compared to analysts’ expectations of $808.82 million. During the same period last year, the business earned $0.08 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. On average, equities research analysts expect that Intuit will post $4.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, October 6th. This is a boost from Intuit’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a dividend yield of 1.10%. Intuit’s dividend payout ratio (DPR) is currently 36.56%.
In related news, EVP Henry Tayloe Stansbury sold 1,871 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $135.29, for a total value of $253,127.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark J. Flournoy sold 1,868 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $142.31, for a total transaction of $265,835.08. Following the completion of the transaction, the vice president now directly owns 1,713 shares of the company’s stock, valued at $243,777.03. The disclosure for this sale can be found here. Insiders sold 888,585 shares of company stock valued at $122,643,706 over the last three months. 5.70% of the stock is owned by company insiders.
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Intuit Company Profile
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 ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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