Intuit Inc. (NASDAQ:INTU) shares reached a new 52-week high on Friday . The stock traded as high as $172.58 and last traded at $169.31, with a volume of 1237600 shares. The stock had previously closed at $169.31.
INTU has been the topic of a number of research reports. Morgan Stanley upped their price target on shares of Intuit from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Tuesday, November 21st. Oppenheimer reiterated a “buy” rating and issued a $166.00 price target (up previously from $159.00) on shares of Intuit in a research note on Tuesday, November 21st. Barclays upped their price target on shares of Intuit from $157.00 to $168.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 13th. Jefferies Group reiterated a “buy” rating and issued a $185.00 price target on shares of Intuit in a research note on Tuesday, November 21st. Finally, Zacks Investment Research lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. Intuit has a consensus rating of “Hold” and an average price target of $159.42.
The company has a market capitalization of $44,510.00, a PE ratio of 45.42, a PEG ratio of 2.87 and a beta of 1.19. 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 earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.30. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The firm had revenue of $886.00 million for the quarter, compared to analyst estimates of $855.74 million. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. equities research analysts expect that Intuit Inc. will post 4.27 earnings per share for the current year.
In other Intuit news, EVP Henry Tayloe Stansbury sold 2,158 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $151.35, for a total transaction of $326,613.30. Following the transaction, the executive vice president now owns 3,050 shares in the company, valued at approximately $461,617.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Scott D. Cook sold 183,334 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $151.46, for a total transaction of $27,767,767.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 965,938 shares of company stock worth $149,469,127. Company insiders own 5.59% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of Intuit by 1.0% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 31,600 shares of the software maker’s stock worth $4,986,000 after acquiring an additional 300 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Intuit by 11.9% during the 4th quarter. Bessemer Group Inc. now owns 3,070 shares of the software maker’s stock worth $484,000 after acquiring an additional 326 shares during the period. Cedar Capital LLC lifted its holdings in shares of Intuit by 18.9% during the 3rd quarter. Cedar Capital LLC now owns 2,142 shares of the software maker’s stock worth $304,000 after acquiring an additional 341 shares during the period. Koch Industries Inc. lifted its holdings in shares of Intuit by 16.0% during the 4th quarter. Koch Industries Inc. now owns 2,535 shares of the software maker’s stock worth $400,000 after acquiring an additional 349 shares during the period. Finally, LS Investment Advisors LLC lifted its holdings in shares of Intuit by 5.5% during the 4th quarter. LS Investment Advisors LLC now owns 6,886 shares of the software maker’s stock worth $1,086,000 after acquiring an additional 359 shares during the period. 86.37% of the stock is owned by institutional investors.
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Intuit Company Profile
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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