Intuit Inc. to Issue Quarterly Dividend of $0.39 (INTU)
Intuit Inc. (NASDAQ:INTU) declared a quarterly dividend on Wednesday, November 22nd, Wall Street Journal reports. Stockholders of record on Wednesday, January 10th will be paid a dividend of 0.39 per share by the software maker on Thursday, January 18th. This represents a $1.56 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, January 9th.
Intuit (NASDAQ INTU) opened at $151.63 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.73 and a current ratio of 0.67. The firm has a market capitalization of $38,805.08, a P/E ratio of 40.59, a PEG ratio of 2.67 and a beta of 1.18. Intuit has a 52 week low of $111.48 and a 52 week high of $158.90.
Intuit (NASDAQ:INTU) last announced its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. The business had revenue of $886.00 million during the quarter, compared to the consensus estimate of $855.74 million. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. research analysts anticipate that Intuit will post 4.03 earnings per share for the current year.
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Several brokerages have recently weighed in on INTU. Morgan Stanley upped their target price on Intuit from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Tuesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $166.00 target price (up from $159.00) on shares of Intuit in a research note on Tuesday. UBS Group AG upped their target price on Intuit from $152.00 to $158.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wells Fargo & Company reaffirmed an “outperform” rating and set a $180.00 target price (up from $163.00) on shares of Intuit in a research note on Tuesday. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $148.00 price target on shares of Intuit in a research report on Tuesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $152.89.
In other news, Chairman Scott D. Cook sold 183,334 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $135.22, for a total transaction of $24,790,423.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Henry Tayloe Stansbury sold 5,350 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $140.25, for a total value of $750,337.50. Following the transaction, the executive vice president now owns 6,242 shares of the company’s stock, valued at $875,440.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 803,256 shares of company stock valued at $113,177,745. 5.70% of the stock is owned by company insiders.
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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