Intuit (NASDAQ:INTU) Trading Down 0.2%

Intuit Inc. (NASDAQ:INTU - Get Free Report)'s share price traded down 0.2% during mid-day trading on Thursday . The company traded as low as $607.28 and last traded at $613.69. 224,594 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 1,233,164 shares. The stock had previously closed at $615.20.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday. Barclays upped their price target on Intuit from $735.00 to $745.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. Wells Fargo & Company boosted 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. BMO Capital Markets reissued an "outperform" rating and issued a $700.00 price target on shares of Intuit in a report on Tuesday, March 26th. Finally, KeyCorp upped their price target on shares of Intuit from $700.00 to $720.00 and gave the stock an "overweight" rating in a report on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $650.23.

Intuit Stock Performance

The business's 50-day moving average is $638.17 and its 200 day moving average is $605.07. 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 company has a market cap of $171.93 billion, a PE ratio of 62.66, a PEG ratio of 3.81 and a beta of 1.22.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping the consensus estimate of $2.30 by $0.33. The firm had revenue of $3.39 billion for 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 quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. On average, equities research analysts predict that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Insider Buying and Selling at Intuit

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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other 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 document filed with the SEC, which is available through this link. Also, CAO Lauren D. Hotz sold 745 shares of the company's stock in a transaction that occurred 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 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. Insiders sold 4,717 shares of company stock valued at $3,117,156 in the last quarter. Company insiders own 2.90% of the company's stock.

Hedge Funds Weigh In On Intuit

Hedge funds and other institutional investors have recently modified their holdings of the stock. OFI Invest Asset Management bought a new position in shares of Intuit in the 3rd quarter worth approximately $51,000. V Square Quantitative Management LLC raised its holdings in Intuit by 18.8% in the third quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker's stock worth $1,558,000 after purchasing an additional 482 shares in the last quarter. Glenmede Trust Co. NA lifted its position in Intuit by 12.7% during the third quarter. Glenmede Trust Co. NA now owns 18,397 shares of the software maker's stock valued at $9,400,000 after buying an additional 2,074 shares during the period. Hixon Zuercher LLC bought a new stake in shares of Intuit during the 4th quarter valued at $1,292,000. Finally, Signature Wealth Management Group purchased a new stake in shares of Intuit in the 4th quarter worth about $1,747,000. Hedge funds and other 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.