Shares of Intuit (NASDAQ:INTU) have been given a consensus recommendation of “Hold” by the twenty-two analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $167.89.
INTU has been the subject of several recent analyst reports. UBS restated a “neutral” rating and set a $177.00 price objective (up from $170.00) on shares of Intuit in a research report on Friday, February 23rd. Credit Suisse Group restated an “outperform” rating and set a $185.00 price objective (up from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Intuit from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada restated a “hold” rating and set a $182.00 price objective on shares of Intuit in a research report on Friday, February 23rd. Finally, Stifel Nicolaus upped their price objective on Intuit from $148.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd.
NASDAQ:INTU opened at $167.68 on Thursday. The firm has a market cap of $42,944.69, a PE ratio of 44.71, a P/E/G ratio of 2.55 and a beta of 1.12. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.36. Intuit has a fifty-two week low of $115.62 and a fifty-two week high of $179.30.
Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 22nd. The software maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Intuit had a return on equity of 72.52% and a net margin of 17.48%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. research analysts expect that Intuit will post 4.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 10th will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.56 annualized dividend and a yield of 0.93%. Intuit’s dividend payout ratio is presently 41.38%.
In other Intuit news, Chairman Scott D. Cook sold 159,556 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $170.26, for a total value of $27,166,004.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Scott D. Cook sold 214,272 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $177.94, for a total value of $38,127,559.68. The disclosure for this sale can be found here. Insiders sold 849,809 shares of company stock valued at $147,885,200 over the last quarter. Corporate insiders own 5.59% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new stake in shares of Intuit in the fourth quarter valued at about $158,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Intuit in the fourth quarter valued at about $170,000. Americafirst Capital Management LLC acquired a new stake in shares of Intuit in the third quarter valued at about $184,000. Lake Street Advisors Group LLC acquired a new stake in shares of Intuit in the fourth quarter valued at about $200,000. Finally, Trellis Advisors LLC acquired a new stake in shares of Intuit in the fourth quarter valued at about $201,000. Hedge funds and other institutional investors own 87.14% of the company’s stock.
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Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.
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