Intuit Inc. (NASDAQ:INTU) Short Interest Update

Share on StockTwits

Intuit Inc. (NASDAQ:INTU) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 3,045,100 shares, a drop of 15.9% from the May 30th total of 3,622,200 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is currently 2.1 days.

Shares of NASDAQ:INTU traded up $3.43 on Friday, reaching $281.65. The company had a trading volume of 1,195,199 shares, compared to its average volume of 1,158,820. Intuit has a twelve month low of $182.61 and a twelve month high of $281.84. The company has a 50-day moving average of $259.55. The stock has a market cap of $73.02 billion, a PE ratio of 62.17, a P/E/G ratio of 3.19 and a beta of 1.09. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.10.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, May 23rd. The software maker reported $5.55 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.43. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Intuit had a return on equity of 52.65% and a net margin of 24.34%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.82 earnings per share. On average, research analysts anticipate that Intuit will post 5.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.67%. Intuit’s payout ratio is presently 41.50%.

In related news, Chairman Scott D. Cook sold 133,334 shares of Intuit stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $262.87, for a total transaction of $35,049,508.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Scott D. Cook sold 29,517 shares of Intuit stock in a transaction on Monday, June 10th. The shares were sold at an average price of $261.67, for a total value of $7,723,713.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 277,296 shares of company stock valued at $72,342,898. Insiders own 4.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. FMR LLC increased its stake in shares of Intuit by 10.0% in the first quarter. FMR LLC now owns 10,219,799 shares of the software maker’s stock worth $2,671,557,000 after purchasing an additional 930,221 shares during the period. Fundsmith LLP increased its stake in shares of Intuit by 1.3% in the first quarter. Fundsmith LLP now owns 4,481,318 shares of the software maker’s stock worth $1,171,461,000 after purchasing an additional 55,544 shares during the period. Geode Capital Management LLC increased its stake in shares of Intuit by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 3,709,006 shares of the software maker’s stock worth $728,975,000 after purchasing an additional 118,956 shares during the period. Northern Trust Corp increased its stake in shares of Intuit by 1.6% in the first quarter. Northern Trust Corp now owns 3,271,541 shares of the software maker’s stock worth $855,213,000 after purchasing an additional 52,834 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in shares of Intuit by 1.5% in the first quarter. OppenheimerFunds Inc. now owns 2,835,267 shares of the software maker’s stock worth $741,168,000 after purchasing an additional 40,936 shares during the period. Institutional investors and hedge funds own 87.91% of the company’s stock.

INTU has been the subject of a number of research reports. Morgan Stanley set a $28.00 price objective on BJs Wholesale Club and gave the company a “hold” rating in a research report on Friday, May 24th. Stifel Nicolaus lifted their price objective on Harmonic from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday. Exane BNP Paribas initiated coverage on Workday in a research report on Friday, March 29th. They set an “underperform” rating for the company. ValuEngine cut W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, BNP Paribas initiated coverage on Workday in a research report on Friday, March 29th. They issued an “underperform” rating and a $125.00 price target for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Intuit presently has a consensus rating of “Buy” and an average price target of $254.15.

About Intuit

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.

Featured Article: How to Invest in the Dividend Aristocrat Index

Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

JPMorgan Chase & Co. Increases AvalonBay Communities  Price Target to $224.00
JPMorgan Chase & Co. Increases AvalonBay Communities Price Target to $224.00
Brightsphere Investment Group  Lifted to “Hold” at Zacks Investment Research
Brightsphere Investment Group Lifted to “Hold” at Zacks Investment Research
PLDT  Rating Lowered to Hold at Zacks Investment Research
PLDT Rating Lowered to Hold at Zacks Investment Research
AtriCure  Stock Rating Lowered by Northland Securities
AtriCure Stock Rating Lowered by Northland Securities
Bradesco Corretora Reiterates “Neutral” Rating for Ternium
Bradesco Corretora Reiterates “Neutral” Rating for Ternium
Meridian Bioscience  Rating Lowered to Sell at ValuEngine
Meridian Bioscience Rating Lowered to Sell at ValuEngine


 
© 2006-2019 Zolmax.