Intuit (INTU) Receives Daily News Sentiment Rating of 0.15
News stories about Intuit (NASDAQ:INTU) have been trending somewhat positive this week, Alpha One reports. The research firm, a division of Accern, identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Intuit earned a media sentiment score of 0.15 on Alpha One’s scale. Alpha One also assigned news stories about the software maker an impact score of 96 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected AlphaOne Sentiment’s rankings:
- Q3 2017 EPS Estimates for Intuit Inc. (INTU) Decreased by Analyst (americanbankingnews.com)
- SMPL Q&A: Dominick Ricci and Julie Lee discuss our work for Quicken (siegelgale.com)
- The Tax-Man Cometh (schiffgold.com)
- How Docker Has Changed in the Last Four Years (serverwatch.com)
- It’s Tax Day, and millions of Americans still haven’t filed (crainsdetroit.com)
Shares of Intuit (NASDAQ:INTU) traded down 0.59% during trading on Thursday, hitting $118.27. 2,790,692 shares of the stock traded hands. Intuit has a 52 week low of $99.20 and a 52 week high of $128.45. The company has a 50-day moving average of $120.72 and a 200-day moving average of $116.07. The firm has a market cap of $30.25 billion, a P/E ratio of 31.76 and a beta of 1.06.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, February 23rd. The software maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business earned $1.02 billion during the quarter, compared to analyst estimates of $1.06 billion. Intuit had a return on equity of 82.77% and a net margin of 20.59%. Intuit’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. On average, analysts forecast that Intuit will post $4.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 18th. Investors of record on Monday, April 10th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, April 6th. Intuit’s payout ratio is currently 36.27%.
A number of research analysts have issued reports on INTU shares. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $127.00 target price (up from $124.00) on shares of Intuit in a research report on Monday, February 27th. Credit Suisse Group AG upgraded shares of Intuit from a “neutral” rating to an “outperform” rating and upped their target price for the company from $109.00 to $140.00 in a research report on Friday, February 24th. Brean Capital restated a “buy” rating and set a $135.00 target price on shares of Intuit in a research report on Wednesday, December 28th. Zacks Investment Research upgraded shares of Intuit from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Monday, February 13th. Finally, Barclays PLC restated an “equal weight” rating and set a $129.00 target price on shares of Intuit in a research report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Intuit currently has a consensus rating of “Buy” and a consensus target price of $214.04.
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In related news, VP Mark J. Flournoy sold 8,651 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $125.24, for a total value of $1,083,451.24. Following the completion of the sale, the vice president now directly owns 787 shares of the company’s stock, valued at approximately $98,563.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brad D. Smith sold 103,445 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $126.09, for a total value of $13,043,380.05. Following the completion of the sale, the chief executive officer now directly owns 311,733 shares of the company’s stock, valued at $39,306,413.97. The disclosure for this sale can be found here. Insiders sold a total of 117,709 shares of company stock valued at $14,817,623 over the last three months. 5.70% of the stock is currently owned by insiders.
Intuit Company Profile
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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