Media headlines about Intuit (NASDAQ:INTU) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Intuit earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.1210047342129 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Moogsoft Secures $40 Million in Series D Funding (venturebeat.com)
- The IRS has $1.1 billion in old tax refunds but ‘time is running out’ to make your claim (finance.yahoo.com)
- Intuit Inc. (INTU) Chairman Sells $36,422,364.60 in Stock (americanbankingnews.com)
- Why this stock is very risky?: Intuit Inc. (INTU) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- See what the IHS Markit Score report has to say about Intuit Inc. (finance.yahoo.com)
Several research firms have recently weighed in on INTU. Credit Suisse Group raised their price objective on shares of Intuit from $185.00 to $195.00 and gave the company an “outperform” rating in a research report on Monday. Argus lifted their target price on shares of Intuit from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. They noted that the move was a valuation call. UBS Group reiterated a “neutral” rating and issued a $177.00 target price (up previously from $170.00) on shares of Intuit in a research report on Friday, February 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $148.00 price target on shares of Intuit in a report on Tuesday, November 21st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $182.00 price target on shares of Intuit in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $167.05.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.35 earnings per share for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $0.26 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. research analysts forecast that Intuit will post 4.28 earnings per share for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.56 annualized dividend and a yield of 0.88%. Intuit’s dividend payout ratio (DPR) is 41.05%.
In related news, Chairman Scott D. Cook sold 112,731 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $160.97, for a total transaction of $18,146,309.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Scott D. Cook sold 184,733 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $158.98, for a total transaction of $29,368,852.34. The disclosure for this sale can be found here. Insiders have sold 935,159 shares of company stock valued at $157,615,795 over the last 90 days. 5.59% of the stock is currently owned by company insiders.
Intuit Company Profile
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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