Traders Sell Intuit (INTU) on Strength (INTU)

Investors sold shares of Intuit Inc. (NASDAQ:INTU) on strength during trading hours on Friday. $155.81 million flowed into the stock on the tick-up and $373.55 million flowed out of the stock on the tick-down, for a money net flow of $217.74 million out of the stock. Of all equities tracked, Intuit had the 0th highest net out-flow for the day. Intuit traded up $1.36 for the day and closed at $258.13

Several brokerages recently commented on INTU. Deutsche Bank decreased their target price on shares of Intuit from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 20th. Royal Bank of Canada lifted their target price on shares of Intuit to $234.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 20th. BidaskClub downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Argus decreased their target price on shares of Intuit from $265.00 to $245.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. Finally, JPMorgan Chase & Co. downgraded shares of Intuit from a “neutral” rating to an “underweight” rating and set a $205.00 target price on the stock. in a research note on Thursday, December 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Intuit presently has an average rating of “Buy” and an average price target of $230.11.

The firm has a market cap of $66.87 billion, a P/E ratio of 56.98, a price-to-earnings-growth ratio of 2.93 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 21st. The software maker reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.44. Intuit had a net margin of 22.89% and a return on equity of 53.70%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, equities analysts forecast that Intuit Inc. will post 5.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, April 9th. Intuit’s dividend payout ratio is presently 41.50%.

In other news, Director Dennis D. Powell sold 4,083 shares of Intuit stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $248.96, for a total value of $1,016,503.68. Following the completion of the transaction, the director now owns 3,550 shares of the company’s stock, valued at approximately $883,808. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kerry J. Mclean sold 12,176 shares of Intuit stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $250.74, for a total value of $3,053,010.24. Following the completion of the transaction, the senior vice president now directly owns 14,710 shares of the company’s stock, valued at approximately $3,688,385.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,259 shares of company stock valued at $23,447,484. 4.60% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parsons Capital Management Inc. RI raised its position in shares of Intuit by 0.3% in the 4th quarter. Parsons Capital Management Inc. RI now owns 17,091 shares of the software maker’s stock worth $3,364,000 after purchasing an additional 48 shares during the last quarter. Rehmann Capital Advisory Group raised its position in Intuit by 4.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,055 shares of the software maker’s stock worth $208,000 after buying an additional 48 shares during the last quarter. CWM LLC raised its position in Intuit by 20.0% in the 4th quarter. CWM LLC now owns 336 shares of the software maker’s stock worth $66,000 after buying an additional 56 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Intuit by 16.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 394 shares of the software maker’s stock worth $77,000 after buying an additional 56 shares during the last quarter. Finally, Whittier Trust Co. raised its position in Intuit by 1.9% in the 4th quarter. Whittier Trust Co. now owns 2,941 shares of the software maker’s stock worth $579,000 after buying an additional 56 shares during the last quarter. 88.47% of the stock is owned by hedge funds and other institutional investors.

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About Intuit (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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