Intuit (NASDAQ:INTU) Given Daily Media Sentiment Rating of 0.24
News stories about Intuit (NASDAQ:INTU) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Intuit earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.9790370910914 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- What Is Square's Competitive Advantage? (finance.yahoo.com)
- LyondellBasell Industries NV (NYSE:LYB) vs. Intuit Inc. (NASDAQ:INTU) Heady Investors are Taking a Look – FLBC News (flbcnews.com)
- Peering into Recent Action from Intuit Inc. (NASDAQ:INTU) – FLBC News (flbcnews.com)
- Analysts Expect Intuit Inc. (NASDAQ:INTU) Will Announce Quarterly Sales of $808.33 Million (americanbankingnews.com)
- Tessa Juliette (blog.mint.com)
Several research analysts have recently weighed in on the stock. CIBC boosted their price objective on shares of Intuit from $125.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, May 26th. Barclays PLC decreased their price objective on shares of Intuit from $129.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, April 24th. Zacks Investment Research raised shares of Intuit from a “sell” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Monday, May 29th. Credit Suisse Group boosted their price objective on shares of Intuit from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $141.00 price objective (up from $125.00) on shares of Intuit in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $135.63.
Intuit (NASDAQ:INTU) traded up 0.47% during trading on Wednesday, hitting $136.82. 761,658 shares of the company’s stock were exchanged. Intuit has a 12-month low of $103.22 and a 12-month high of $143.81. The company’s 50-day moving average price is $135.59 and its 200 day moving average price is $127.04. The firm has a market cap of $35.06 billion, a price-to-earnings ratio of 39.32 and a beta of 1.15.
Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, May 23rd. The software maker reported $3.90 EPS for the quarter, topping the consensus estimate of $3.87 by $0.03. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Intuit had a net margin of 17.82% and a return on equity of 80.88%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.43 EPS. Equities analysts forecast that Intuit will post $4.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, July 6th. Intuit’s payout ratio is presently 39.19%.
In related news, EVP Daniel A. Wernikoff sold 15,684 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $140.50, for a total value of $2,203,602.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Henry Tayloe Stansbury sold 1,871 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $135.29, for a total transaction of $253,127.59. The disclosure for this sale can be found here. In the last three months, insiders sold 151,265 shares of company stock valued at $21,085,104. 5.70% of the stock is owned by insiders.
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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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