Intuit Inc. (NASDAQ:INTU) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $155.23 and last traded at $153.30, with a volume of 712000 shares trading hands. The stock had previously closed at $152.41.
Several equities research analysts recently issued reports on INTU shares. First Analysis upgraded Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price target for the company in a research note on Wednesday, August 23rd. Credit Suisse Group reiterated an “outperform” rating and issued a $155.00 price target (up from $150.00) on shares of Intuit in a research note on Wednesday, August 23rd. Deutsche Bank AG reiterated a “buy” rating and issued a $150.00 price target on shares of Intuit in a research note on Wednesday, August 23rd. Bank of America Corporation reiterated a “buy” rating and issued a $145.00 price target on shares of Intuit in a research note on Wednesday, August 23rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $141.00 price target on shares of Intuit in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. Intuit currently has an average rating of “Hold” and a consensus target price of $144.74.
The company has a debt-to-equity ratio of 0.32, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $39,350.00, a price-to-earnings ratio of 40.66, a PEG ratio of 2.70 and a beta of 1.18.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.20 earnings per share for the quarter, topping 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 company had revenue of $842.00 million for the quarter, compared to analysts’ expectations of $808.82 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Intuit’s revenue for the quarter was up 11.7% on a year-over-year basis. research analysts anticipate that Intuit Inc. will post 4.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th were paid a $0.39 dividend. This is a boost from Intuit’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.02%. Intuit’s payout ratio is currently 41.82%.
In other Intuit news, EVP Henry Tayloe Stansbury sold 1,783 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $144.20, for a total transaction of $257,108.60. Following the sale, the executive vice president now owns 2,675 shares of the company’s stock, valued at $385,735. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mark J. Flournoy sold 1,868 shares of the company’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 sale, the vice president now directly owns 1,713 shares in the company, valued at approximately $243,777.03. The disclosure for this sale can be found here. In the last three months, insiders sold 1,084,194 shares of company stock worth $151,162,540. 5.70% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Exane Derivatives bought a new stake in Intuit during the third quarter valued at $105,000. Horan Capital Advisors LLC. bought a new stake in Intuit during the third quarter valued at $114,000. Captrust Financial Advisors bought a new stake in Intuit during the second quarter valued at $108,000. Shine Investment Advisory Services Inc. bought a new stake in Intuit during the second quarter valued at $123,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Intuit during the second quarter valued at $140,000. 86.10% of the stock is currently owned by institutional investors and hedge funds.
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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