Intuit Inc. (NASDAQ:INTU) shares reached a new 52-week high and low during trading on Thursday . The company traded as low as $210.13 and last traded at $208.42, with a volume of 22293 shares. The stock had previously closed at $208.62.
A number of research firms have recently commented on INTU. Bank of America upped their price target on shares of Intuit from $204.00 to $227.00 and gave the stock a “buy” rating in a report on Monday. Argus upped their price target on shares of Intuit to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 24th. Oppenheimer upped their price target on shares of Intuit from $181.00 to $206.00 and gave the stock an “outperform” rating in a report on Wednesday, May 23rd. Morgan Stanley upped their price target on shares of Intuit from $147.00 to $154.00 and gave the stock an “underweight” rating in a report on Wednesday, May 23rd. Finally, Credit Suisse Group upped their price target on shares of Intuit from $195.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 23rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $193.29.
The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $52.95 billion, a PE ratio of 55.46, a PEG ratio of 2.86 and a beta of 1.16.
Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, May 22nd. The software maker reported $4.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.68 by $0.14. Intuit had a net margin of 20.39% and a return on equity of 79.36%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the prior year, the business earned $3.90 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. equities analysts expect that Intuit Inc. will post 4.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 18th. Shareholders of record on Tuesday, July 10th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.75%. The ex-dividend date is Monday, July 9th. Intuit’s payout ratio is 41.38%.
In other Intuit news, Chairman Scott D. Cook sold 214,272 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $177.94, for a total transaction of $38,127,559.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Mark J. Flournoy sold 5,513 shares of the stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $197.16, for a total transaction of $1,086,943.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 431,608 shares of company stock worth $82,037,702. 5.59% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of INTU. Massey Quick Simon & CO. LLC grew its holdings in Intuit by 100.0% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 750 shares of the software maker’s stock worth $130,000 after acquiring an additional 375 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Intuit during the fourth quarter valued at about $158,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Intuit during the fourth quarter valued at about $170,000. Resources Investment Advisors Inc. lifted its position in shares of Intuit by 158.9% during the first quarter. Resources Investment Advisors Inc. now owns 906 shares of the software maker’s stock valued at $174,000 after buying an additional 556 shares during the last quarter. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of Intuit during the fourth quarter valued at about $200,000. Institutional investors own 87.38% of the company’s stock.
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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