Intuit (NASDAQ:INTU) Stock Price Up 0.4%

Intuit Inc. (NASDAQ:INTU - Get Free Report) shot up 0.4% during trading on Wednesday . The company traded as high as $617.80 and last traded at $613.81. 347,400 shares changed hands during trading, a decline of 72% from the average session volume of 1,239,079 shares. The stock had previously closed at $611.49.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INTU. Susquehanna upped their price objective on shares of Intuit from $700.00 to $775.00 and gave the company a "positive" rating in a research note on Friday, February 23rd. 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. KeyCorp increased their target price on shares of Intuit from $700.00 to $720.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 27th. Barclays increased their target price on shares of Intuit from $735.00 to $745.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. Finally, Oppenheimer increased their target price on shares of Intuit from $678.00 to $712.00 and gave the stock 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, the company currently 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 firm has a market capitalization of $171.70 billion, a price-to-earnings ratio of 62.57, a price-to-earnings-growth ratio of 3.73 and a beta of 1.21. The company has a 50-day moving average of $644.88 and a 200-day moving average of $598.39.

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

Intuit Announces Dividend

The business also recently announced 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. This represents a $3.60 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, April 9th. Intuit's dividend payout ratio is presently 36.73%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INTU. Fairfield Bush & CO. boosted its stake in Intuit by 39.6% during the first quarter. Fairfield Bush & CO. now owns 3,648 shares of the software maker's stock valued at $1,754,000 after buying an additional 1,035 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Intuit by 10.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 504,309 shares of the software maker's stock valued at $242,492,000 after buying an additional 48,196 shares in the last quarter. Cetera Investment Advisers boosted its stake in Intuit by 8.4% during the first quarter. Cetera Investment Advisers now owns 3,227 shares of the software maker's stock valued at $1,552,000 after buying an additional 249 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Intuit by 7.1% during the first quarter. Baird Financial Group Inc. now owns 53,691 shares of the software maker's stock valued at $25,825,000 after buying an additional 3,576 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Intuit by 6.6% during the first quarter. Mackenzie Financial Corp now owns 34,207 shares of the software maker's stock valued at $16,448,000 after buying an additional 2,127 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

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.