Favorable News Coverage Extremely Likely to Impact Intuit (INTU) Share Price

Media headlines about Intuit (NASDAQ:INTU) have trended positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Intuit earned a daily sentiment score of 2.78 on their scale. InfoTrie also gave media coverage about the software maker an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have effected Intuit’s analysis:

NASDAQ:INTU traded down $1.07 during trading hours on Friday, reaching $222.17. The stock had a trading volume of 1,588,064 shares, compared to its average volume of 1,469,814. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.14 and a quick ratio of 1.14. Intuit has a 52 week low of $150.43 and a 52 week high of $231.84. The company has a market cap of $55.28 billion, a price-to-earnings ratio of 49.04, a PEG ratio of 2.45 and a beta of 1.19.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 23rd. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. Intuit had a return on equity of 67.39% and a net margin of 20.31%. The business had revenue of $988.00 million for the quarter, compared to the consensus estimate of $952.67 million. During the same quarter in the previous year, the company posted $0.20 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. As a group, analysts anticipate that Intuit will post 5.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Wednesday, October 10th were paid a $0.47 dividend. This is an increase from Intuit’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Tuesday, October 9th. This represents a $1.88 dividend on an annualized basis and a yield of 0.85%. Intuit’s payout ratio is presently 41.50%.

Several analysts recently issued reports on the company. BidaskClub raised Intuit from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 19th. Guggenheim assumed coverage on Intuit in a research note on Tuesday, August 7th. They set a “buy” rating and a $250.00 target price on the stock. Stifel Nicolaus lifted their target price on Intuit from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Zacks Investment Research downgraded Intuit from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Deutsche Bank assumed coverage on Intuit in a research note on Monday, October 8th. They set a “buy” rating and a $265.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $224.29.

In other Intuit news, EVP Henry Tayloe Stansbury sold 3,651 shares of Intuit stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $221.54, for a total value of $808,842.54. Following the sale, the executive vice president now owns 4,048 shares of the company’s stock, valued at approximately $896,793.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brad D. Smith sold 254,325 shares of Intuit stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $227.66, for a total value of $57,899,629.50. Following the completion of the sale, the chief executive officer now directly owns 415,445 shares in the company, valued at approximately $94,580,208.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 622,236 shares of company stock worth $137,883,071. Corporate insiders own 5.59% of the company’s stock.

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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, 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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