Intuit Inc. (NASDAQ:INTU) reached a new 52-week high during trading on Wednesday . The company traded as high as $255.72 and last traded at $254.84, with a volume of 55206 shares trading hands. The stock had previously closed at $250.30.
A number of equities research analysts have commented on the company. Bank of America reiterated a “buy” rating and issued a $264.00 price target (up previously from $252.00) on shares of Intuit in a research report on Wednesday, March 6th. ValuEngine upgraded Intuit from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. Zacks Investment Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Credit Suisse Group reiterated a “hold” rating and issued a $255.00 price target on shares of Intuit in a research report on Thursday, February 21st. Finally, BidaskClub upgraded Intuit from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $230.11.
The firm has a market capitalization of $64.85 billion, a PE ratio of 56.68, a P/E/G ratio of 2.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 41.50%.
In other Intuit news, EVP Henry Tayloe Stansbury sold 3,650 shares of the stock in a transaction on Friday, December 21st. The stock was sold at an average price of $188.94, for a total transaction of $689,631.00. Following the completion of the transaction, the executive vice president now directly owns 3,383 shares of the company’s stock, valued at $639,184.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James Alexander Chriss sold 923 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $247.10, for a total value of $228,073.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,259 shares of company stock valued at $23,447,484. Company insiders own 4.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in INTU. Oregon Public Employees Retirement Fund grew its holdings in Intuit by 17,362.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 20,327,715 shares of the software maker’s stock valued at $103,000 after purchasing an additional 20,211,306 shares during the period. Capital International Investors bought a new position in Intuit during the third quarter valued at $1,273,455,000. Bank of New York Mellon Corp grew its holdings in Intuit by 46,373.2% during the third quarter. Bank of New York Mellon Corp now owns 2,858,100 shares of the software maker’s stock valued at $649,932,000 after purchasing an additional 2,851,950 shares during the period. Norges Bank bought a new position in Intuit during the fourth quarter valued at $422,227,000. Finally, BlackRock Inc. grew its holdings in Intuit by 7.8% during the fourth quarter. BlackRock Inc. now owns 20,251,688 shares of the software maker’s stock valued at $3,986,545,000 after purchasing an additional 1,457,880 shares during the period. 88.47% of the stock is owned by institutional investors and hedge funds.
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Intuit Company Profile (NASDAQ:INTU)
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.
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