Headlines about Intuit (NASDAQ:INTU) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Intuit earned a news impact score of 0.20 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 46.4839458996698 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- 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)
A number of brokerages have commented on INTU. Morgan Stanley lifted their price target on Intuit from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 21st. Oppenheimer reissued a “buy” rating and issued a $166.00 price objective (up previously from $159.00) on shares of Intuit in a report on Tuesday, November 21st. Barclays boosted their price objective on Intuit from $157.00 to $168.00 and gave the company an “equal weight” rating in a report on Tuesday, February 13th. Jefferies Group reaffirmed a “buy” rating and issued a $185.00 price target on shares of Intuit in a report on Tuesday, November 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $148.00 price target on shares of Intuit in a report on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $167.05.
Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.35 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $0.26 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. analysts expect that Intuit will post 4.28 EPS for the current year.
The business 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. The ex-dividend date is Monday, April 9th. This represents a $1.56 annualized dividend and a dividend yield of 0.88%. Intuit’s dividend payout ratio is currently 42.86%.
In other news, Chairman Scott D. Cook sold 207,110 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $175.86, for a total transaction of $36,422,364.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of Intuit stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $158.94, for a total transaction of $342,992.52. Following the transaction, the executive vice president now owns 3,050 shares in the company, valued at approximately $484,767. The disclosure for this sale can be found here. Insiders sold a total of 935,159 shares of company stock valued at $157,615,795 over the last ninety days. 5.59% of the stock is owned by corporate insiders.
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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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