Intuit (NASDAQ:INTU) Shares Down 1.6%

Shares of Intuit Inc. (NASDAQ:INTU - Get Free Report) were down 1.6% during mid-day trading on Wednesday . The stock traded as low as $610.04 and last traded at $615.77. Approximately 330,563 shares were traded during trading, a decline of 73% from the average daily volume of 1,234,743 shares. The stock had previously closed at $625.62.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lifted their target price on Intuit from $735.00 to $745.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. KeyCorp boosted their price objective on Intuit from $700.00 to $720.00 and gave the company an "overweight" rating in a research report on Wednesday, March 27th. Evercore ISI boosted their price objective on Intuit from $670.00 to $725.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Mizuho boosted their price objective on Intuit from $670.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus lifted their target price on Intuit from $600.00 to $720.00 and gave the company a "buy" rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average target price of $650.23.

Intuit Stock Down 1.7 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $172.26 billion, a PE ratio of 62.78, a P/E/G ratio of 3.89 and a beta of 1.21. The business has a fifty day moving average price of $639.05 and a two-hundred day moving average price of $605.00.

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 for the quarter, beating analysts' consensus estimates of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. Intuit's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.59%. Intuit's dividend payout ratio is 36.73%.

Insider Activity

In other Intuit news, CAO Lauren D. Hotz sold 745 shares of the business's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $655.13, for a total value of $488,071.85. Following the transaction, the chief accounting officer now owns 3,180 shares in the company, valued at $2,083,313.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 22,948 shares in the company, valued at $15,233,800.32. The sale 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 business's stock in a transaction dated Monday, February 26th. The shares were 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 in the company, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. Over the last quarter, insiders have 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

Several large investors have recently made changes to their positions in the stock. Oak Ridge Investments LLC boosted its stake in shares of Intuit by 4.4% during the 1st quarter. Oak Ridge Investments LLC now owns 13,928 shares of the software maker's stock worth $9,053,000 after acquiring an additional 592 shares in the last quarter. Prosperity Consulting Group LLC boosted its stake in shares of Intuit by 29.9% during the 1st quarter. Prosperity Consulting Group LLC now owns 829 shares of the software maker's stock worth $539,000 after acquiring an additional 191 shares in the last quarter. Wambolt & Associates LLC boosted its stake in shares of Intuit by 9.4% during the 1st quarter. Wambolt & Associates LLC now owns 8,967 shares of the software maker's stock worth $5,737,000 after acquiring an additional 774 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Intuit during the 1st quarter worth about $3,338,000. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of Intuit by 61.9% during the 1st quarter. J.W. Cole Advisors Inc. now owns 1,099 shares of the software maker's stock worth $708,000 after acquiring an additional 420 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.