Intuit (NASDAQ:INTU) Trading Up 3.2%

Intuit Inc. (NASDAQ:INTU - Get Free Report)'s stock price was up 3.2% during mid-day trading on Tuesday . The company traded as high as $630.87 and last traded at $629.24. Approximately 263,617 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,232,925 shares. The stock had previously closed at $609.77.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on INTU shares. Barclays raised their target price on shares of Intuit from $735.00 to $745.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. Susquehanna raised their target price 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. Mizuho raised their target price on shares of Intuit from $670.00 to $725.00 and gave the company a "buy" rating in a research note on Friday, February 23rd. Piper Sandler raised their price target on shares of Intuit from $642.00 to $750.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. Finally, Oppenheimer raised their price target 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. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Intuit has a consensus rating of "Moderate Buy" and an average target price of $645.00.

Intuit Stock Up 3.5 %

The stock has a market capitalization of $176.65 billion, a P/E ratio of 64.38, a P/E/G ratio of 3.68 and a beta of 1.21. The firm's fifty day moving average is $641.83 and its 200-day moving average is $601.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35.

Intuit (NASDAQ:INTU - Get Free Report) last announced 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. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm posted $1.05 EPS. The firm's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts predict that Intuit Inc. will post 11.27 earnings per share for the current year.

Intuit Announces Dividend

The business 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Tuesday, April 9th. Intuit's dividend payout ratio is presently 36.73%.

Insiders Place Their Bets

In other Intuit news, EVP Alex G. Balazs sold 280 shares of the business's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kerry J. Mclean sold 3,692 shares of Intuit stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 owns 22,948 shares of the company's stock, valued at approximately $15,233,800.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,717 shares of company stock valued at $3,117,156. Insiders own 2.90% of the company's stock.

Institutional Investors Weigh In On Intuit

Several institutional investors have recently modified their holdings of INTU. Vanguard Group Inc. grew its holdings in Intuit by 0.5% during the third quarter. Vanguard Group Inc. now owns 25,331,318 shares of the software maker's stock valued at $12,942,784,000 after purchasing an additional 117,478 shares during the period. FMR LLC grew its holdings in 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 purchasing an additional 266,803 shares during the period. Morgan Stanley grew its holdings in 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 purchasing an additional 137,198 shares during the period. Wellington Management Group LLP grew its holdings in 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 purchasing an additional 2,336,654 shares during the period. Finally, Brown Advisory Inc. grew its holdings in Intuit by 2.3% during the fourth quarter. Brown Advisory Inc. now owns 3,548,119 shares of the software maker's stock valued at $2,217,681,000 after purchasing an additional 80,517 shares during the period. Institutional investors and hedge funds 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.