Intuit (NASDAQ:INTU) Shares Down 0.4%

Intuit Inc. (NASDAQ:INTU - Get Free Report) shares traded down 0.4% during trading on Friday . The company traded as low as $604.17 and last traded at $605.77. 259,497 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 1,230,118 shares. The stock had previously closed at $608.38.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. KeyCorp increased their price target on Intuit from $700.00 to $720.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 27th. Evercore ISI raised their target price on Intuit from $670.00 to $725.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. raised their target price on Intuit from $560.00 to $585.00 and gave the stock a "neutral" rating in a research note on Friday, February 23rd. Susquehanna raised their price target on Intuit from $700.00 to $775.00 and gave the stock a "positive" rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus raised their price target on Intuit from $600.00 to $720.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $645.00.

Intuit Stock Down 0.5 %

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 $169.45 billion, a PE ratio of 61.75, a price-to-earnings-growth ratio of 3.73 and a beta of 1.21. The firm has a 50-day moving average of $642.93 and a two-hundred day moving average of $599.06.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share for the quarter, topping 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 quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. On average, equities research analysts forecast that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

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

Insider Buying and Selling at Intuit

In other news, EVP Kerry J. Mclean sold 3,692 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 22,948 shares in the company, valued at $15,233,800.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intuit news, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction that occurred on Wednesday, March 20th. The stock was 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 can be accessed through this hyperlink. Also, EVP Kerry J. Mclean sold 3,692 shares of Intuit stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 in the company, valued at approximately $15,233,800.32. 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. 2.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intuit

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Intuit in the fourth quarter worth approximately $2,101,848,000. Wellington Management Group LLP grew its position in Intuit by 173.0% in the fourth quarter. Wellington Management Group LLP now owns 3,687,583 shares of the software maker's stock worth $2,304,850,000 after buying an additional 2,336,654 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Intuit by 118,345.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,088,194 shares of the software maker's stock worth $812,767,000 after buying an additional 2,086,431 shares during the last quarter. Morgan Stanley grew its position in Intuit by 42.5% in the fourth quarter. Morgan Stanley now owns 3,444,913 shares of the software maker's stock worth $1,340,830,000 after buying an additional 1,027,752 shares during the last quarter. Finally, Lone Pine Capital LLC purchased a new position in Intuit during the 4th quarter worth approximately $467,852,000. 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.