Intuit (INTU) Getting Somewhat Positive Press Coverage, Study Shows

News articles about Intuit (NASDAQ:INTU) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Intuit earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 44.8479208044356 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Shares of Intuit (INTU) traded up $0.64 during mid-day trading on Tuesday, hitting $164.85. 1,098,328 shares of the company traded hands, compared to its average volume of 1,316,350. The company has a market cap of $42,120.00, a P/E ratio of 43.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.18. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35. Intuit has a 1-year low of $111.90 and a 1-year high of $165.13.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.30. The firm had revenue of $886.00 million during the quarter, compared to the consensus estimate of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. equities research analysts anticipate that Intuit will post 3.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Wednesday, January 10th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Tuesday, January 9th. Intuit’s dividend payout ratio is currently 41.27%.

Several research analysts have recently weighed in on the stock. Credit Suisse Group restated an “outperform” rating and set a $185.00 price objective (up from $170.00) on shares of Intuit in a research note on Tuesday. Deutsche Bank restated a “buy” rating and set a $180.00 price objective on shares of Intuit in a research note on Tuesday. Morgan Stanley boosted their price objective on shares of Intuit from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 21st. Oppenheimer restated a “buy” rating and set a $166.00 price objective (up from $159.00) on shares of Intuit in a research note on Tuesday, November 21st. Finally, Jefferies Group restated a “buy” rating and set a $185.00 price objective on shares of Intuit in a research note on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $157.53.

In other Intuit news, Chairman Scott D. Cook sold 184,733 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $158.98, for a total value of $29,368,852.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $158.94, for a total transaction of $342,992.52. Following the completion of the sale, the executive vice president now directly owns 3,050 shares of the company’s stock, valued at approximately $484,767. 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 three months. Insiders own 5.59% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Intuit (NASDAQ:INTU)

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