Somewhat Positive Media Coverage Somewhat Unlikely to Affect Intuit (INTU) Share Price

Press coverage about Intuit (NASDAQ:INTU) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Intuit earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 46.1210047342129 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

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Shares of INTU stock opened at $173.35 on Friday. 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 stock has a market capitalization of $43,777.07, a PE ratio of 47.62, a PEG ratio of 2.60 and a beta of 1.15. Intuit has a fifty-two week low of $114.80 and a fifty-two week high of $179.30.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Intuit had a return on equity of 72.52% and a net margin of 17.48%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. research analysts anticipate that Intuit will post 4.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 10th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Monday, April 9th. Intuit’s dividend payout ratio is presently 42.86%.

INTU has been the subject of a number of analyst reports. Zacks Investment Research upgraded Intuit from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $185.00 target price (up from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “hold” rating and set a $182.00 target price on shares of Intuit in a research report on Friday, February 23rd. Bank of America upped their target price on Intuit from $172.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. upped their target price on Intuit to $163.00 and gave the company a “neutral” rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $167.05.

In other news, insider Scott D. Cook sold 259,205 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $171.72, for a total value of $44,510,682.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Scott D. Cook sold 159,556 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $170.26, for a total value of $27,166,004.56. The disclosure for this sale can be found here. Insiders sold 849,809 shares of company stock worth $147,885,200 over the last three months. Corporate insiders own 5.59% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Intuit (NASDAQ:INTU)

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