Intuit (NASDAQ:INTU) Trading 0.2% Higher

Intuit Inc. (NASDAQ:INTU - Get Free Report)'s share price was up 0.2% on Monday . The company traded as high as $630.00 and last traded at $622.40. Approximately 155,355 shares changed hands during trading, a decline of 87% from the average daily volume of 1,238,608 shares. The stock had previously closed at $621.11.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on INTU shares. Mizuho upped their target price on shares of Intuit from $670.00 to $725.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. Susquehanna boosted their price target 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. BMO Capital Markets reissued an "outperform" rating and issued a $700.00 price target on shares of Intuit in a research note on Tuesday, March 26th. Oppenheimer upped their price objective on shares of Intuit from $678.00 to $712.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Intuit from $615.00 to $710.00 and gave the company an "overweight" rating in a research note on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Intuit presently has an average rating of "Moderate Buy" and an average target price of $645.00.

Intuit Stock Performance

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35. The company's 50 day moving average is $646.53 and its 200-day moving average is $596.87. The company has a market capitalization of $171.39 billion, a P/E ratio of 62.46, a price-to-earnings-growth ratio of 3.78 and a beta of 1.21.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.33. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.39 billion. Intuit had a net margin of 18.35% and a return on equity of 17.51%. Intuit's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. Equities analysts anticipate that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 0.59%. Intuit's dividend payout ratio is currently 36.73%.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the sale, the executive vice president now directly owns 22,948 shares in the company, valued at approximately $15,233,800.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Alex G. Balazs sold 280 shares of the firm's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kerry J. Mclean sold 3,692 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the sale, the executive vice president now directly owns 22,948 shares in the company, valued at approximately $15,233,800.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,717 shares of company stock worth $3,117,156. 2.90% of the stock is owned by corporate insiders.

Institutional Trading of Intuit

A number of institutional investors have recently made changes to their positions in the stock. DiNuzzo Private Wealth Inc. purchased a new position in shares of Intuit in the fourth quarter worth approximately $25,000. MCF Advisors LLC boosted its holdings in shares of Intuit by 119.0% in the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker's stock worth $29,000 after buying an additional 25 shares during the last quarter. NewSquare Capital LLC purchased a new position in shares of Intuit in the third quarter worth approximately $25,000. Cape Investment Advisory Inc. purchased a new position in shares of Intuit in the third quarter worth approximately $26,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Intuit in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

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.