Intuit (NASDAQ:INTU) Trading Down 0%

Shares of Intuit Inc. (NASDAQ:INTU) were down 0% during mid-day trading on Thursday . The company traded as low as $610.06 and last traded at $612.94. Approximately 172,427 shares changed hands during trading, a decline of 86% from the average daily volume of 1,235,504 shares. The stock had previously closed at $613.21.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INTU. Piper Sandler raised their price objective on Intuit from $642.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $700.00 price target on shares of Intuit in a report on Tuesday, March 26th. KeyCorp upped their price objective on shares of Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Susquehanna lifted their target price on shares of Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Finally, Oppenheimer upped their price target on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $645.00.

Intuit Trading Down 0.5 %

The firm has a market capitalization of $169.45 billion, a price-to-earnings ratio of 61.75, a P/E/G ratio of 3.70 and a beta of 1.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50 day moving average price of $642.93 and a two-hundred day moving average price of $599.06.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 22nd. The software maker reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. On average, research analysts forecast that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.90 per share. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.59%. Intuit’s payout ratio is currently 36.73%.

Insider Activity

In other news, EVP Kerry J. Mclean sold 3,692 shares of Intuit stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total value of $2,450,897.28. Following the sale, the executive vice president now directly owns 22,948 shares of the company’s stock, valued at $15,233,800.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total value of $2,450,897.28. Following the transaction, the executive vice president now owns 22,948 shares in the company, valued at approximately $15,233,800.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,717 shares of company stock worth $3,117,156 over the last quarter. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuit

Large investors have recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. acquired a new position in Intuit during the fourth quarter worth $25,000. MCF Advisors LLC boosted its position in shares of Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after acquiring an additional 25 shares during the last quarter. NewSquare Capital LLC purchased a new stake in shares of Intuit in the third quarter valued at about $25,000. Cape Investment Advisory Inc. acquired a new stake in Intuit during the third quarter worth about $26,000. Finally, Hobbs Group Advisors LLC acquired a new stake in Intuit during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.