Intuit Inc. (NASDAQ:INTU) has been given an average recommendation of “Hold” by the nineteen analysts that are covering the stock. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $200.17.

INTU has been the topic of several research reports. Citigroup Inc. restated a “buy” rating and issued a $128.00 price target on shares of Intuit in a report on Wednesday, August 24th. RBC Capital Markets restated a “sector perform” rating and issued a $113.00 price target (up previously from $93.00) on shares of Intuit in a report on Monday, August 15th. Royal Bank Of Canada cut their price target on shares of Intuit from $113.00 to $93.00 and set a “sector perform” rating on the stock in a report on Monday, August 15th. Wedbush restated an “outperform” rating and issued a $755.00 price target (up previously from $715.00) on shares of Intuit in a report on Sunday, July 24th. Finally, Zacks Investment Research lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th.

In other news, CFO R Neil Williams sold 6,636 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $110.06, for a total transaction of $730,358.16. Following the completion of the transaction, the chief financial officer now owns 4,727 shares of the company’s stock, valued at $520,253.62. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 11,503 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $111.47, for a total transaction of $1,282,239.41. Following the transaction, the executive vice president now directly owns 670 shares of the company’s stock, valued at approximately $74,684.90. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in INTU. Johnson Financial Group Inc. increased its position in shares of Intuit by 563.9% in the second quarter. Johnson Financial Group Inc. now owns 1,029 shares of the company’s stock valued at $115,000 after buying an additional 874 shares during the period. Point72 Asia Hong Kong Ltd increased its position in shares of Intuit by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock valued at $123,000 after buying an additional 900 shares during the period. TLP Group LLC purchased a new position in shares of Intuit during the third quarter valued at about $125,000. Global X Management Co. LLC increased its position in shares of Intuit by 326.8% in the second quarter. Global X Management Co. LLC now owns 1,276 shares of the company’s stock valued at $142,000 after buying an additional 977 shares during the period. Finally, Penserra Capital Management LLC increased its position in shares of Intuit by 95.6% in the third quarter. Penserra Capital Management LLC now owns 1,379 shares of the company’s stock valued at $151,000 after buying an additional 674 shares during the period. 84.72% of the stock is owned by institutional investors.

Intuit (NASDAQ:INTU) opened at 115.98 on Wednesday. The firm has a market cap of $29.92 billion, a PE ratio of 31.41 and a beta of 1.08. Intuit has a one year low of $88.17 and a one year high of $116.97. The stock has a 50 day moving average of $108.63 and a 200 day moving average of $109.09.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 17th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. Intuit had a net margin of 20.86% and a return on equity of 80.75%. The business had revenue of $778 million for the quarter, compared to analysts’ expectations of $754.36 million. During the same period last year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Intuit will post $4.34 earnings per share for the current year.

About Intuit

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 Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others.

5 Day Chart for NASDAQ:INTU

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