Intuit (INTU) Reaches New 12-Month High and Low at $179.57

Intuit (NASDAQ:INTU) hit a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $179.57 and last traded at $179.57, with a volume of 534500 shares trading hands. The stock had previously closed at $175.30.

INTU has been the topic of several research analyst reports. Zacks Investment Research raised Intuit from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $182.00 price target on shares of Intuit in a research report on Friday, February 23rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $185.00 price target (up from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Bank of America raised their price target on Intuit from $172.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase raised their price target on Intuit to $163.00 and gave the company a “neutral” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Intuit has a consensus rating of “Hold” and an average price target of $167.05.

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The stock has a market capitalization of $44,048.55, a price-to-earnings ratio of 48.01, a PEG ratio of 2.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.63 and a quick ratio of 0.63.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Intuit had a return on equity of 72.52% and a net margin of 17.48%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. equities research analysts anticipate that Intuit will post 4.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 10th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Monday, April 9th. Intuit’s payout ratio is 41.38%.

In other Intuit news, insider Scott D. Cook sold 259,205 shares of Intuit stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $171.72, for a total transaction of $44,510,682.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 9,666 shares of Intuit stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $171.59, for a total value of $1,658,588.94. Following the sale, the executive vice president now directly owns 6,242 shares in the company, valued at $1,071,064.78. The disclosure for this sale can be found here. Insiders have sold 849,809 shares of company stock worth $147,885,200 over the last ninety days. Company insiders own 5.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. Bank of Montreal Can raised its stake in shares of Intuit by 71.7% in the fourth quarter. Bank of Montreal Can now owns 471,620 shares of the software maker’s stock valued at $74,412,000 after acquiring an additional 196,911 shares during the last quarter. Boston Advisors LLC raised its stake in shares of Intuit by 1,337.2% in the fourth quarter. Boston Advisors LLC now owns 130,301 shares of the software maker’s stock valued at $20,559,000 after acquiring an additional 121,235 shares during the last quarter. Sit Investment Associates Inc. raised its stake in shares of Intuit by 4.4% in the fourth quarter. Sit Investment Associates Inc. now owns 85,850 shares of the software maker’s stock valued at $13,545,000 after acquiring an additional 3,650 shares during the last quarter. Quadrature Capital Ltd raised its stake in shares of Intuit by 105.4% in the fourth quarter. Quadrature Capital Ltd now owns 16,786 shares of the software maker’s stock valued at $2,649,000 after acquiring an additional 8,615 shares during the last quarter. Finally, National Pension Service raised its stake in shares of Intuit by 1.5% in the fourth quarter. National Pension Service now owns 233,385 shares of the software maker’s stock valued at $36,823,000 after acquiring an additional 3,520 shares during the last quarter. 87.15% of the stock is currently owned by institutional investors.

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Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.

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