News stories about Intuit (NASDAQ:INTU) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Intuit earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.7695215951715 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Splunk : Intuit Standardizes on Splunk Software (4-traders.com)
- Schlumberger NV (SLB) Shares Bought by Pinnacle Financial Partners Inc (expressnewsline.com)
- Intuit (INTU) to Report Q4 Earnings: What’s in the Cards? (nasdaq.com)
- Intuit (INTU) to Report Q4 Earnings: What's in the Cards? (finance.yahoo.com)
- Factory Expo Home Centers Makes Inc. 5000 List For Second Consecutive Year (itbusinessnet.com)
Several equities analysts have recently weighed in on the stock. CIBC increased their price objective on shares of Intuit from $125.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, May 26th. Barclays PLC dropped their price objective on shares of Intuit from $129.00 to $124.00 and set an “equal weight” rating on the stock in a research 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 on the stock in a research report on Monday, May 29th. Credit Suisse Group increased their price objective on shares of Intuit from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $141.00 price target (up from $125.00) on shares of Intuit in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $135.63.
Intuit (NASDAQ INTU) traded down 0.26% during midday trading on Friday, reaching $134.11. 1,306,185 shares of the company traded hands. The stock’s 50 day moving average is $135.05 and its 200 day moving average is $128.38. The company has a market capitalization of $34.36 billion, a price-to-earnings ratio of 38.54 and a beta of 1.15. Intuit has a one year low of $103.22 and a one year high of $143.81.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, May 23rd. The software maker reported $3.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.87 by $0.03. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Intuit had a return on equity of 80.88% and a net margin of 17.82%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.43 EPS. On average, equities analysts anticipate that Intuit will post $4.39 earnings per share for the current year.
In related news, Director Dennis D. Powell sold 16,686 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $136.82, for a total transaction of $2,282,978.52. Following the transaction, the director now directly owns 4,554 shares of the company’s stock, valued at approximately $623,078.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Henry Tayloe Stansbury sold 1,871 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $135.29, for a total value of $253,127.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 151,265 shares of company stock valued at $21,085,104. Corporate insiders own 5.70% of the company’s stock.
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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