Intuit Inc. (INTU) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Intuit Inc. (INTU) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$15.52, or -3.71%, to $402.3. Volume reached 74,552 shares, with price reaching a high of $408.68 and a low of $408.68. Recently, Yahoo Finance discussed the stock, revealing that NEXT Insurance Launches its Embedded Solution NEXT Connect Within Intuit’s QuickBooks Ecosystem.


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Stocks Info

Intuit Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $408.68 and fluctuated between $427.91 as its day high and $408.51 as its day low. The current market capitalization of Intuit Inc. is $114.95B. A total of 1.48 million shares were traded on the day, compared to an average of 1.52M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, INTU has seen 58 BUY and 22 SELL insider trades, representing the acquisition of 27,106 and the disposition of 23,427 shares. Over the last 12 months, there were 185 BUYs and 102 SELLs from insiders. Insiders purchased 180,709 shares during that period but sold 214,178.

In the most recent transaction, Clatterbuck Michelle M sold 6,768 shares of INTU for 450.00 per share on Sep 09. After the transaction, the EVP and CFO now owns 1,350 company shares. In a previous transaction on Sep 09, Krishna Varun sold 7,438 shares at 450.80 per share. INTU shares that EVP, Consumer Group owns now total 0.

Among the insiders who sold shares, Chriss James Alexander disposed of 8,702 shares on Sep 02 at a per-share price of $428.28. This resulted in the EVP, SBSEG holding 1,003 shares of INTU after the transaction. In another insider transaction, Goodarzi Sasan K sold 22,250 shares at $463.21 per share on Aug 25. Company shares held by the CEO, President, and Director now total 60,208.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Intuit Inc. pays an annual dividend of $3.12, resulting in a dividend yield of 0.76%, and it has a price to earnings (P/E) ratio of 56.40. INTU’s most recent ex-dividend date was 10/06/2022 when it declared a $0.78 quarterly dividend that was paid in cash on 10/18/2022. Previously, the company paid the dividend on 07/18/2022 with an ex-dividend date of 07/08/2022. The dividend was $0.68 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for INTU in the last 3 months, the mean price target is $542.85 with high estimates of $650.00 and low estimates of $410.00. In terms of 52-week highs and lows, INTU has a high of $716.86 and a low of $339.36.

As of this writing, INTU has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.0. The company reported an EPS of $0.22 in the last quarter, which was 1000% higher than expectations of $0.02.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 25 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for INTU is Sell with a score of 4.88. A total of 17 analysts rated the stock as Buy while 3 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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