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Intuit reports strong earnings and raises dividend despite institutional investors reducing shares.
Intuit Inc., a financial management software company, saw several institutional investors reduce their shares in the first quarter.
Despite this, Intuit reported strong earnings, surpassing analysts' forecasts with $11.65 EPS and $7.75 billion in revenue.
The company's market cap is $216.62 billion, and it announced a quarterly dividend of $1.04 per share.
Analysts maintain a "Moderate Buy" rating with a target price of $793.05.
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Intuit reporta ganancias fuertes y aumenta el dividendo a pesar de que los inversores institucionales reducen las acciones.