Intuit (NASDAQ:INTU) Shares Up 0.1%

Intuit Inc. (NASDAQ:INTU - Get Free Report)'s stock price rose 0.1% on Tuesday . The stock traded as high as $615.10 and last traded at $612.93. Approximately 202,849 shares changed hands during trading, a decline of 84% from the average daily volume of 1,237,039 shares. The stock had previously closed at $612.12.

Wall Street Analyst Weigh In

INTU has been the topic of several recent analyst reports. Barclays raised their price objective on Intuit from $735.00 to $745.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. KeyCorp raised their target price on Intuit from $700.00 to $720.00 and gave the company an "overweight" rating in a research report on Wednesday, March 27th. Susquehanna raised their target price on Intuit from $700.00 to $775.00 and gave the company a "positive" rating in a research report on Friday, February 23rd. Piper Sandler raised their target price on Intuit from $642.00 to $750.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. Finally, Oppenheimer raised their target price on Intuit from $678.00 to $712.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus price target of $645.00.

Intuit Trading Down 0.1 %

The stock has a market cap of $171.22 billion, a P/E ratio of 62.54, a P/E/G ratio of 3.78 and a beta of 1.21. 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 stock has a 50-day moving average price of $645.96 and a 200-day moving average price of $597.57.

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, beating analysts' consensus estimates of $2.30 by $0.33. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.39 billion. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS. On average, equities research analysts expect that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Announces Dividend

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

Insider Buying and Selling at Intuit

In related news, EVP Alex G. Balazs sold 280 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The stock was 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 Securities & Exchange Commission, which is available at this link. In other Intuit news, EVP Alex G. Balazs sold 280 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lauren D. Hotz sold 745 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $655.13, for a total value of $488,071.85. Following the completion of the transaction, the chief accounting officer now 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. Over the last 90 days, insiders sold 4,717 shares of company stock worth $3,117,156. 2.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intuit

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Intuit by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 25,774,405 shares of the software maker's stock valued at $16,109,776,000 after acquiring an additional 443,087 shares in the last quarter. State Street Corp boosted its position in shares of Intuit by 1.9% during the first quarter. State Street Corp now owns 11,099,653 shares of the software maker's stock valued at $4,948,558,000 after buying an additional 210,246 shares during the last quarter. FMR LLC boosted its position in shares of Intuit by 5.0% during the third quarter. FMR LLC now owns 5,636,635 shares of the software maker's stock valued at $2,879,982,000 after buying an additional 266,803 shares during the last quarter. Morgan Stanley boosted its position in shares of Intuit by 3.7% during the third quarter. Morgan Stanley now owns 3,848,401 shares of the software maker's stock valued at $1,966,304,000 after buying an additional 137,198 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Intuit by 173.0% during the fourth quarter. Wellington Management Group LLP now owns 3,687,583 shares of the software maker's stock valued at $2,304,850,000 after buying an additional 2,336,654 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

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.