Intuit Inc. (NASDAQ:INTU) has been given an average recommendation of “Hold” by the twenty-two ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $152.94.
Several analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Intuit from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Tuesday, November 21st. Oppenheimer restated a “buy” rating and set a $166.00 price objective (up from $159.00) on shares of Intuit in a research report on Tuesday, November 21st. First Analysis upgraded shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price objective on the stock in a research report on Wednesday, August 23rd. Royal Bank Of Canada restated a “hold” rating and set a $141.00 price objective on shares of Intuit in a research report on Thursday, August 24th. Finally, Wells Fargo & Company upgraded shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price objective on the stock in a research report on Thursday, September 21st.
In other news, VP Mark J. Flournoy sold 13,424 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $155.56, for a total value of $2,088,237.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brad D. Smith sold 110,496 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $151.40, for a total transaction of $16,729,094.40. Following the completion of the sale, the chief executive officer now owns 399,246 shares in the company, valued at $60,445,844.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,097,555 shares of company stock worth $160,825,842. 5.59% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Wetherby Asset Management Inc. boosted its stake in shares of Intuit by 0.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 7,040 shares of the software maker’s stock worth $935,000 after purchasing an additional 27 shares during the period. Bank of Hawaii boosted its stake in shares of Intuit by 1.2% during the 2nd quarter. Bank of Hawaii now owns 2,509 shares of the software maker’s stock worth $333,000 after purchasing an additional 30 shares during the period. TCI Wealth Advisors Inc. boosted its stake in shares of Intuit by 0.6% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 5,592 shares of the software maker’s stock worth $743,000 after purchasing an additional 36 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Intuit by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,084 shares of the software maker’s stock worth $2,402,000 after purchasing an additional 59 shares during the period. Finally, Financial Advisors Network Inc. boosted its stake in shares of Intuit by 2.8% during the 2nd quarter. Financial Advisors Network Inc. now owns 2,740 shares of the software maker’s stock worth $364,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 86.28% of the company’s stock.
Shares of Intuit (NASDAQ INTU) traded down $1.90 during trading on Friday, hitting $154.54. 1,691,390 shares of the stock traded hands, compared to its average volume of 1,493,487. The stock has a market cap of $39,993.87, a PE ratio of 41.83, a PEG ratio of 2.82 and a beta of 1.18. Intuit has a 1-year low of $111.48 and a 1-year high of $158.90. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35.
Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. The firm had revenue of $886.00 million for the quarter, compared to the consensus estimate of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. equities research analysts expect that Intuit will post 3.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Wednesday, January 10th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.56 dividend on an annualized basis and a yield of 1.01%. Intuit’s dividend payout ratio is currently 41.38%.
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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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