Investors Sell Intuit (INTU) on Strength (INTU)

Traders sold shares of Intuit (NASDAQ:INTU) on strength during trading on Tuesday. $53.67 million flowed into the stock on the tick-up and $119.16 million flowed out of the stock on the tick-down, for a money net flow of $65.49 million out of the stock. Of all stocks tracked, Intuit had the 0th highest net out-flow for the day. Intuit traded up $5.70 for the day and closed at $181.00

A number of analysts have recently commented on INTU shares. Zacks Investment Research raised Intuit from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada reissued a “hold” rating and set a $182.00 price target on shares of Intuit in a research note on Friday, February 23rd. Credit Suisse Group reissued an “outperform” rating and set a $185.00 price target (up from $170.00) on shares of Intuit in a research note on Tuesday, January 9th. Bank of America lifted their price target on Intuit from $172.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase lifted their price target on Intuit to $163.00 and gave the company a “neutral” rating in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $167.05.

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The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $46,356.11, a P/E ratio of 48.06, a P/E/G ratio of 2.75 and a beta of 1.12.

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

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

In other Intuit news, insider Scott D. Cook sold 259,205 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $171.72, for a total value of $44,510,682.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Scott D. Cook sold 214,272 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $177.94, for a total value of $38,127,559.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 849,809 shares of company stock worth $147,885,200. 5.59% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors acquired a new position in Intuit in the fourth quarter valued at approximately $158,000. SeaCrest Wealth Management LLC acquired a new position in Intuit in the fourth quarter valued at approximately $170,000. Lake Street Advisors Group LLC acquired a new position in Intuit in the fourth quarter valued at approximately $200,000. Trellis Advisors LLC acquired a new position in Intuit in the fourth quarter valued at approximately $201,000. Finally, Peak Asset Management LLC acquired a new position in Intuit in the fourth quarter valued at approximately $209,000. 87.15% of the stock is currently owned by hedge funds and other institutional investors.

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About Intuit

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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