Intuit Inc. (NASDAQ:INTU) declared a quarterly dividend on Wednesday, August 23rd, Zacks reports. Shareholders of record on Tuesday, October 10th will be paid a dividend of 0.39 per share by the software maker on Wednesday, October 18th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, October 6th. This is a positive change from Intuit’s previous quarterly dividend of $0.34.

Intuit (INTU) opened at 142.67 on Thursday. The stock has a market capitalization of $36.38 billion, a PE ratio of 38.35 and a beta of 1.15. Intuit has a 52 week low of $103.22 and a 52 week high of $146.72. The firm has a 50 day moving average of $140.97 and a 200-day moving average of $132.97.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The business had revenue of $842.00 million during the quarter, compared to analyst estimates of $808.82 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Intuit will post $4.95 EPS for the current year.

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INTU has been the subject of a number of research reports. Argus initiated coverage on shares of Intuit in a report on Wednesday, September 20th. They set a “buy” rating and a $165.00 target price for the company. Moffett Nathanson initiated coverage on shares of Intuit in a report on Thursday, September 7th. They set a “buy” rating and a $150.00 target price for the company. Zacks Investment Research raised shares of Intuit from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a report on Monday, August 28th. Jefferies Group LLC initiated coverage on shares of Intuit in a report on Thursday, August 24th. They set a “buy” rating and a $157.00 target price for the company. Finally, Bank of America Corporation reissued a “buy” rating and issued a $145.00 price objective on shares of Intuit in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $142.74.

In other Intuit news, Chairman Scott D. Cook sold 182,037 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $135.20, for a total transaction of $24,611,402.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO R Neil Williams sold 184,585 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $141.11, for a total transaction of $26,046,789.35. Following the transaction, the chief financial officer now directly owns 64,620 shares of the company’s stock, valued at approximately $9,118,528.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,084,194 shares of company stock valued at $151,162,540. 5.70% of the stock is currently owned by insiders.

About Intuit

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.

Dividend History for Intuit (NASDAQ:INTU)

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