Somewhat Positive Media Coverage Somewhat Unlikely to Affect Intuit (INTU) Stock Price
News headlines about Intuit (NASDAQ:INTU) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Intuit earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 44.8801546802416 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s rankings:
- Intuit Inc. (INTU) Expected to Post Earnings of $0.34 Per Share (americanbankingnews.com)
- This Perceived Weakness Is One of the Best Ways to Build an All-Star Team, Says Intuit CEO (inc.com)
- Intuit QuickBooks Makes Tax Time Easier for Small Businesses and the Self-Employed (markets.financialcontent.com)
- \Intuit Inc., (NASDAQ: INTU) – Lookout for Volatility – Stock Watch (stocksnewstimes.com)
- How Overdue Taxes Can Jeopardize Passports (finance.yahoo.com)
Shares of Intuit (INTU) traded up $2.00 during mid-day trading on Wednesday, reaching $164.29. The company had a trading volume of 903,241 shares, compared to its average volume of 1,158,891. The stock has a market cap of $42,000.00, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.67 and a quick ratio of 0.67. Intuit has a one year low of $111.90 and a one year high of $166.49.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Wednesday, January 10th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.56 dividend on an annualized basis and a yield of 0.95%. Intuit’s dividend payout ratio (DPR) is 41.27%.
Several brokerages have issued reports on INTU. Credit Suisse Group reaffirmed an “outperform” rating and set a $185.00 target price (up previously from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Deutsche Bank reaffirmed a “buy” rating and set a $180.00 target price on shares of Intuit in a research report on Tuesday, January 9th. JPMorgan Chase & Co. increased their target price on Intuit to $163.00 and gave the company a “neutral” rating in a research report on Thursday, January 4th. Citigroup increased their target price on Intuit to $170.00 in a research report on Tuesday, November 21st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $185.00 target price on shares of Intuit in a research report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $157.53.
In other Intuit news, Chairman Scott D. Cook sold 184,733 shares of Intuit stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $158.98, for a total transaction of $29,368,852.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of Intuit stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $151.35, for a total value of $326,613.30. Following the transaction, the executive vice president now owns 3,050 shares of the company’s stock, valued at approximately $461,617.50. The disclosure for this sale can be found here. Insiders sold a total of 965,938 shares of company stock valued at $149,469,127 in the last 90 days. 5.59% of the stock is currently owned by company 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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