Traders Sell Intuit (INTU) on Strength (INTU)

Investors sold shares of Intuit (NASDAQ:INTU) on strength during trading on Tuesday. $53.67 million flowed into the stock on the tick-up and $119.16 million flowed out of the stock on the tick-down, for a money net flow of $65.49 million out of the stock. Of all stocks tracked, Intuit had the 12th highest net out-flow for the day. Intuit traded up $5.70 for the day and closed at $181.00

Several equities analysts have issued reports on the stock. Credit Suisse Group increased their price objective on shares of Intuit from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Monday, March 12th. Bank of America increased their price objective on shares of Intuit from $172.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus increased their price objective on shares of Intuit from $148.00 to $170.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Barclays reissued an “equal weight” rating and issued a $170.00 price target (up from $168.00) on shares of Intuit in a research note on Friday, February 23rd. Finally, UBS reissued a “neutral” rating and issued a $177.00 price target (up from $170.00) on shares of Intuit in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $167.05.

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The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $44,048.55, a price-to-earnings ratio of 48.01, a PEG ratio of 2.62 and a beta of 1.12.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Intuit had a net margin of 17.48% and a return on equity of 72.52%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted $0.26 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. analysts anticipate that Intuit will post 4.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Tuesday, April 10th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Monday, April 9th. Intuit’s payout ratio is currently 41.38%.

In related news, EVP Henry Tayloe Stansbury sold 9,666 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $171.59, for a total transaction of $1,658,588.94. Following the completion of the sale, the executive vice president now directly owns 6,242 shares in the company, valued at $1,071,064.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott D. Cook sold 259,205 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $171.72, for a total transaction of $44,510,682.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 849,809 shares of company stock valued at $147,885,200. 5.59% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Intuit by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 603,974 shares of the software maker’s stock worth $85,850,000 after acquiring an additional 5,860 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in shares of Intuit in the 3rd quarter valued at $376,000. Chesley Taft & Associates LLC increased its holdings in shares of Intuit by 6.7% in the 4th quarter. Chesley Taft & Associates LLC now owns 6,400 shares of the software maker’s stock valued at $1,010,000 after acquiring an additional 400 shares during the period. Sit Investment Associates Inc. increased its holdings in shares of Intuit by 4.4% in the 4th quarter. Sit Investment Associates Inc. now owns 85,850 shares of the software maker’s stock valued at $13,545,000 after acquiring an additional 3,650 shares during the period. Finally, Daiwa SB Investments Ltd. increased its holdings in shares of Intuit by 65.5% in the 4th quarter. Daiwa SB Investments Ltd. now owns 4,370 shares of the software maker’s stock valued at $689,000 after acquiring an additional 1,730 shares during the period. Hedge funds and other institutional investors own 87.15% of the company’s stock.

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Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.

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