Intuit Inc. (NASDAQ:INTU) Short Interest Down 16.1% in March

Intuit Inc. (NASDAQ:INTU - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,910,000 shares, a decrease of 16.1% from the March 15th total of 4,660,000 shares. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.4% of the shares of the stock are short sold.

Intuit Stock Up 1.5 %

INTU traded up $9.29 during trading hours on Friday, hitting $624.12. 1,540,630 shares of the company's stock were exchanged, compared to its average volume of 1,581,498. The stock has a market cap of $174.48 billion, a price-to-earnings ratio of 60.59, a PEG ratio of 2.85 and a beta of 1.25. Intuit has a 1-year low of $532.65 and a 1-year high of $714.78. The stock's 50-day moving average is $593.48 and its two-hundred day moving average is $616.14. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit's dividend payout ratio is currently 38.81%.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $604.26, for a total value of $3,895,059.96. Following the transaction, the insider now directly owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. The trade was a 0.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total value of $1,021,200.00. Following the sale, the director now directly owns 8 shares of the company's stock, valued at $4,800. This represents a 99.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,696 shares of company stock worth $14,347,731 over the last three months. Company insiders own 2.68% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. Copia Wealth Management acquired a new stake in Intuit in the fourth quarter valued at $25,000. NewSquare Capital LLC lifted its stake in Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after acquiring an additional 18 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Intuit in the 4th quarter valued at about $28,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Intuit during the 4th quarter worth about $28,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of research analyst reports. BNP Paribas cut shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price objective for the company. in a research report on Wednesday, January 15th. Citigroup dropped their price target on shares of Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Mizuho raised their price target on Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, StockNews.com cut Intuit from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $717.53.

Intuit Company Profile

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.