Intuit (NASDAQ:INTU) Stock Price Down 0%

Intuit Inc. (NASDAQ:INTU) shares traded down 0% during trading on Thursday . The stock traded as low as $610.06 and last traded at $612.94. 172,427 shares traded hands during trading, a decline of 86% from the average session volume of 1,235,504 shares. The stock had previously closed at $613.21.

Wall Street Analysts Forecast Growth

INTU has been the topic of several analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $700.00 target price on shares of Intuit in a research note on Tuesday, March 26th. KeyCorp lifted their price objective on shares of Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. upped their price objective on shares of Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Susquehanna raised their target price on shares of Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Finally, Barclays boosted their price target on shares of Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $645.00.

Intuit Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. The business has a fifty day simple moving average of $642.93 and a 200 day simple moving average of $599.06. The stock has a market cap of $169.45 billion, a price-to-earnings ratio of 61.75, a PEG ratio of 3.70 and a beta of 1.21.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were paid a $0.90 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $3.60 annualized dividend and a yield of 0.59%. Intuit’s payout ratio is currently 36.73%.

Insiders Place Their Bets

In other Intuit news, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $655.13, for a total value of $488,071.85. Following the sale, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at approximately $2,083,313.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Kerry J. Mclean sold 3,692 shares of Intuit stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total value of $2,450,897.28. Following the transaction, the executive vice president now owns 22,948 shares in the company, valued at $15,233,800.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lauren D. Hotz sold 745 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the sale, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,717 shares of company stock valued at $3,117,156 in the last quarter. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuit

Several hedge funds and other institutional investors have recently modified their holdings of INTU. DiNuzzo Private Wealth Inc. purchased a new stake in Intuit during the fourth quarter worth approximately $25,000. MCF Advisors LLC lifted its holdings in shares of Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after acquiring an additional 25 shares in the last quarter. NewSquare Capital LLC acquired a new position in shares of Intuit during the 3rd quarter valued at $25,000. Cape Investment Advisory Inc. purchased a new stake in Intuit during the 3rd quarter worth $26,000. Finally, Hobbs Group Advisors LLC acquired a new stake in Intuit in the 4th quarter valued at $33,000. 83.66% of the stock is owned by institutional investors and hedge funds.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.