News headlines about Intuit (NASDAQ:INTU) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Intuit earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 46.1943155686262 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
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Global Accounting Software Market 2018 – Intuit, Sage, SAP, Oracle (NetSuite), Microsoft, Infor, Epicor (digitaljournal.com) Is a Beat in the Cards for Intuit (INTU) in Q3 Earnings? (finance.yahoo.com) PayPal Breaks Out From Resistance After iZettle Deal (finance.yahoo.com) Intuit (INTU) Lowered to Hold at Zacks Investment Research (americanbankingnews.com) Intuit Announces ‘Connect to PayPal’ Integration (cpapracticeadvisor.com)
Shares of Intuit traded up $0.76, reaching $190.54, during midday trading on Friday, MarketBeat Ratings reports. The company had a trading volume of 1,305,401 shares, compared to its average volume of 1,413,892. 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 has a 1-year low of $124.70 and a 1-year high of $196.28. The firm has a market cap of $48.77 billion, a P/E ratio of 50.54, a P/E/G ratio of 2.64 and a beta of 1.13.
Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 22nd. The software maker reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Intuit had a net margin of 17.48% and a return on equity of 72.52%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $0.26 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. sell-side analysts expect that Intuit will post 4.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 10th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Monday, April 9th. Intuit’s dividend payout ratio is presently 41.38%.
INTU has been the subject of a number of research analyst reports. JPMorgan Chase lifted their target price on shares of Intuit from $170.00 to $176.00 and gave the company a “neutral” rating in a research note on Thursday, April 26th. UBS reiterated a “neutral” rating and issued a $177.00 target price (up previously from $170.00) on shares of Intuit in a research note on Friday, February 23rd. Zacks Investment Research cut shares of Intuit from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Royal Bank of Canada reiterated a “hold” rating and issued a $182.00 target price on shares of Intuit in a research note on Friday, February 23rd. Finally, Stifel Nicolaus raised their price target on shares of Intuit from $148.00 to $170.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $177.39.
In other Intuit news, Chairman Scott D. Cook sold 214,272 shares of Intuit stock in a transaction on Friday, March 16th. The shares were sold at an average price of $177.94, for a total transaction of $38,127,559.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Scott D. Cook sold 207,110 shares of Intuit stock in a transaction on Monday, March 12th. The stock was sold at an average price of $175.86, for a total transaction of $36,422,364.60. The disclosure for this sale can be found here. Insiders have sold a total of 849,809 shares of company stock valued at $147,885,200 in the last ninety days. Company insiders own 5.59% of the company’s stock.
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.