Shares of Intuit Inc. (NASDAQ:INTU) have been given a consensus recommendation of “Hold” by the twenty-one analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $154.00.
Several research firms have weighed in on INTU. Morgan Stanley increased their price objective on Intuit from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 21st. Oppenheimer reiterated a “buy” rating and set a $166.00 price objective (up previously from $159.00) on shares of Intuit in a research report on Tuesday, November 21st. Jefferies Group reiterated a “buy” rating and set a $185.00 price objective on shares of Intuit in a research report on Tuesday, November 21st. Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Wells Fargo & Co upgraded 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 related news, Chairman Scott D. Cook sold 184,733 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $158.98, for a total value of $29,368,852.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brad D. Smith sold 110,496 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $151.40, for a total value of $16,729,094.40. Following the completion of the sale, the chief executive officer now directly owns 399,246 shares in the company, valued at $60,445,844.40. The disclosure for this sale can be found here. Insiders sold 965,938 shares of company stock worth $149,469,127 over the last ninety days. 5.59% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Exane Derivatives acquired a new stake in shares of Intuit during the third quarter valued at about $105,000. Horan Capital Advisors LLC. acquired a new stake in shares of Intuit during the third quarter valued at about $114,000. Captrust Financial Advisors acquired a new stake in shares of Intuit during the second quarter valued at about $108,000. Harvest Fund Management Co. Ltd bought a new position in shares of Intuit during the second quarter worth about $140,000. Finally, ETF Managers Group LLC bought a new position in shares of Intuit during the second quarter worth about $140,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.
Intuit (NASDAQ:INTU) traded down $0.80 on Tuesday, reaching $157.78. The company had a trading volume of 690,517 shares, compared to its average volume of 1,470,000. Intuit has a twelve month low of $111.90 and a twelve month high of $161.44. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35. The company has a market cap of $40,340.00, a PE ratio of 41.74, a PEG ratio of 2.86 and a beta of 1.18.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The business had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $855.74 million. During the same quarter in the prior year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. analysts predict that Intuit will post 3.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Wednesday, January 10th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.99%. The ex-dividend date is Tuesday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 41.27%.
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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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