Intuit (INTU) Given News Sentiment Score of 0.17
News stories about Intuit (NASDAQ:INTU) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Intuit earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.3283644850373 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- TurboTax topped Block in tax advertising this season (accountingtoday.com)
- Accounting Software Market Development by 2023: Infor, Oracle (NetSuite), SAP, Intuit, Sage and Microsoft (factsweek.com)
- Global Mobile POS Systems Market 2018 – Square, Ingenico, IZettle, Intuit, Payleven, PayPal (themobileherald.com)
- Intuit’s new green-roofed campus connects nature, public spaces (proudgreenbuilding.com)
- Global Accounting Software Market 2018 Players| Intuit, NetBooks, Aplicor, Epicor and Microsoft (factsweek.com)
INTU has been the subject of several research reports. Zacks Investment Research raised shares of Intuit from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Royal Bank of Canada reissued a “hold” rating and set a $182.00 price objective on shares of Intuit in a report on Friday, February 23rd. Credit Suisse Group reissued an “outperform” rating and set a $185.00 price objective (up from $170.00) on shares of Intuit in a report on Tuesday, January 9th. Bank of America boosted their price objective on shares of Intuit from $172.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase boosted their price objective on shares of Intuit to $163.00 and gave the company a “neutral” rating in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. Intuit has a consensus rating of “Hold” and an average price target of $167.05.
Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 22nd. The software maker reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Intuit had a net margin of 17.48% and a return on equity of 72.52%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. Intuit’s revenue for the quarter was up 14.7% on a year-over-year basis. equities analysts anticipate that Intuit will post 4.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 10th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.56 annualized dividend and a yield of 0.89%. Intuit’s dividend payout ratio (DPR) is currently 41.38%.
In other Intuit news, Chairman Scott D. Cook sold 159,556 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $170.26, for a total transaction of $27,166,004.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott D. Cook sold 259,205 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $171.72, for a total transaction of $44,510,682.60. The disclosure for this sale can be found here. Insiders have sold 849,809 shares of company stock valued at $147,885,200 in the last quarter. 5.59% of the stock is owned by company insiders.
Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.
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