Intuit Inc. (NASDAQ:INTU) is expected to pay $0.34 on Oct 18, 2016. The indicated annual dividend is $1.36. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on Intuit Inc.’s current price of $109.16, the dividend is 0.31%. This dividend’s record date is Oct 10, 2016 and the announcement date is Aug 24, 2016. The stock decreased 0.77% or $0.85 during the last trading session, hitting $109.16. Intuit Inc. (NASDAQ:INTU) has risen 10.42% since March 1, 2016 and is uptrending. It has outperformed by 1.18% the S&P500.
Intuit Inc. is a provider of business and financial management solutions for small businesses, clients and accounting professionals. The company has a market cap of $28.34 billion. The Firm operates through three divisions: Small Business, Consumer Tax and ProConnect. It has a 35.21 P/E ratio. 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.
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.14, from 0.9 in 2016Q1. The ratio improved, as 34 funds sold all Intuit Inc. shares owned while 221 reduced positions. 58 funds bought stakes while 206 increased positions. They now own 218.24 million shares or 4.85% less from 229.37 million shares in 2016Q1.
Alpha Windward Lc, a Massachusetts-based fund reported 1,562 shares. Blackrock Institutional Comm Na, a California-based fund reported 7.49 million shares. Moreover, Janus Cap Llc has 0.24% invested in Intuit Inc. (NASDAQ:INTU) for 2.50 million shares. Tudor Inv Corporation Et Al accumulated 21,116 shares or 0.05% of the stock. Susquehanna Int Gru Llp has invested 0% of its portfolio in Intuit Inc. (NASDAQ:INTU). Finemark Financial Bank And Tru, a Florida-based fund reported 2,705 shares. Signaturefd Ltd Liability holds 0.01% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 501 shares. Schwab Charles Mngmt Inc has 0.1% invested in the company for 728,326 shares. Profund Advsrs Ltd Liability last reported 0.09% of its portfolio in the stock. Moreover, Vigilant Capital Ltd Liability Corporation has 0.01% invested in Intuit Inc. (NASDAQ:INTU) for 625 shares. Citigroup accumulated 0.01% or 49,520 shares. Neuberger Berman Group Limited Liability Company reported 2.64 million shares or 0.41% of all its holdings. Balyasny Asset Mngmt Limited Liability Corporation accumulated 105,444 shares or 0.08% of the stock. Rhumbline Advisers, a Massachusetts-based fund reported 380,456 shares. Millennium Mngmt Limited Liability Com has 0.2% invested in the company for 767,214 shares.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 11 selling transactions for $12.58 million net activity. 6,636 shares were sold by Williams R Neil, worth $730,377. STANSBURY HENRY TAYLOE sold $585,375 worth of stock or 5,575 shares. Goodarzi Sasan K had sold 7,350 shares worth $808,512 on Thursday, August 25. Wernikoff Daniel A had sold 18,567 shares worth $2.07M on Wednesday, September 7. $1.14 million worth of shares were sold by FLOURNOY MARK J on Friday, May 27.
Intuit Inc. (NASDAQ:INTU) Ratings Coverage
Out of 15 analysts covering Intuit (NASDAQ:INTU), 7 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 47% are positive. Intuit has been the topic of 48 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded the shares of INTU in a report on Tuesday, September 13 to “Underweight” rating. Wedbush maintained Intuit Inc. (NASDAQ:INTU) rating on Friday, November 20. Wedbush has “Neutral” rating and $90 price target. Barclays Capital downgraded it to “Equal-Weight” rating and $116 target price in Friday, July 15 report. As per Wednesday, November 4, the company rating was maintained by Deutsche Bank. Deutsche Bank maintained Intuit Inc. (NASDAQ:INTU) rating on Wednesday, August 24. Deutsche Bank has “Buy” rating and $130 price target. The firm earned “Outperform” rating on Thursday, August 25 by Oppenheimer. The company was upgraded on Wednesday, August 19 by Deutsche Bank. The company was upgraded on Thursday, September 10 by Barclays Capital. The stock has “Buy” rating given by Goldman Sachs on Thursday, June 23. The stock of Intuit Inc. (NASDAQ:INTU) has “Buy” rating given on Saturday, August 22 by TheStreet.
Another recent and important Intuit Inc. (NASDAQ:INTU) news was published by Nasdaq.com which published an article titled: “Ex-Dividend Reminder: Torchmark Corp., Intuit and Verizon Communications” on October 03, 2016.
INTU Company Profile
Intuit Inc., incorporated on February 1, 1993, is a well-known provider of business and financial management solutions for small businesses, clients and accounting professionals. The Firm operates through three divisions: 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. The Small Business segment also includes third-party applications that integrate with the Company’s offerings. The Consumer Tax segment targets clients and includes TurboTax income tax preparation services and products. The ProConnect segment targets professional accountants in the United States and Canada. The Company’s ProConnect professional tax offerings include Lacerte, ProSeries, ProFile and ProConnect Tax Online.
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