Traders sold shares of Intuit Inc. (NASDAQ:INTU) on strength during trading hours on Wednesday. $90.46 million flowed into the stock on the tick-up and $136.98 million flowed out of the stock on the tick-down, for a money net flow of $46.52 million out of the stock. Of all equities tracked, Intuit had the 17th highest net out-flow for the day. Intuit traded up $0.82 for the day and closed at $269.08
A number of equities research analysts recently issued reports on INTU shares. Credit Suisse Group reissued an “outperform” rating and set a $255.00 price target (up previously from $250.00) on shares of Intuit in a research report on Tuesday, January 22nd. JPMorgan Chase & Co. downgraded Intuit from a “neutral” rating to an “underweight” rating and set a $205.00 price target on the stock. in a research report on Thursday, December 13th. Zacks Investment Research downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. BidaskClub raised Intuit from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $212.00 price target on shares of Intuit in a research report on Friday, February 1st. Four research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $235.71.
The firm has a market cap of $68.85 billion, a price-to-earnings ratio of 59.40, a price-to-earnings-growth ratio of 3.11 and a beta of 1.19. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13.
Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 21st. The software maker reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.44. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. Intuit had a return on equity of 53.70% and a net margin of 22.89%. During the same quarter last year, the business posted $0.35 EPS. As a group, equities research analysts predict that Intuit Inc. will post 5.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Tuesday, April 9th. Intuit’s dividend payout ratio is presently 41.50%.
In other news, EVP Laura A. Fennell sold 67,488 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $251.43, for a total value of $16,968,507.84. Following the completion of the transaction, the executive vice president now directly owns 95,102 shares in the company, valued at approximately $23,911,495.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Alexander Chriss sold 923 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $247.10, for a total value of $228,073.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,609 shares of company stock worth $22,757,853. Company insiders own 4.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. CX Institutional lifted its stake in shares of Intuit by 85.5% in the 1st quarter. CX Institutional now owns 102 shares of the software maker’s stock valued at $27,000 after acquiring an additional 47 shares during the last quarter. Parsons Capital Management Inc. RI lifted its stake in shares of Intuit by 0.3% in the 4th quarter. Parsons Capital Management Inc. RI now owns 17,091 shares of the software maker’s stock valued at $3,364,000 after acquiring an additional 48 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Intuit by 4.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,055 shares of the software maker’s stock valued at $208,000 after acquiring an additional 48 shares during the last quarter. CWM LLC lifted its stake in shares of Intuit by 20.0% in the 4th quarter. CWM LLC now owns 336 shares of the software maker’s stock valued at $66,000 after acquiring an additional 56 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Intuit by 16.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 394 shares of the software maker’s stock valued at $77,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 87.69% of the company’s stock.
Intuit Company Profile (NASDAQ:INTU)
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company’s Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.