Brokerages Set Intuit Inc. (INTU) Price Target at $220.35
Intuit Inc. (NASDAQ:INTU) has received a consensus recommendation of “Buy” from the sixteen brokerages that are presently covering the firm. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $220.35.
A number of equities research analysts have commented on INTU shares. Brean Capital restated a “buy” rating and set a $135.00 price objective on shares of Intuit in a research report on Wednesday, December 28th. Zacks Investment Research upgraded Intuit from a “sell” rating to a “hold” rating in a research report on Wednesday, January 18th. Credit Suisse Group AG upgraded Intuit from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $109.00 to $140.00 in a research report on Friday, February 24th. Royal Bank of Canada lifted their price target on Intuit from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday, February 24th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $127.00 price target (up from $124.00) on shares of Intuit in a report on Monday, February 27th.
In related news, EVP Henry Tayloe Stansbury sold 1,871 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $118.75, for a total value of $222,181.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brad D. Smith sold 103,445 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $126.09, for a total value of $13,043,380.05. Following the completion of the sale, the chief executive officer now owns 311,733 shares of the company’s stock, valued at $39,306,413.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,709 shares of company stock valued at $14,817,623. Corporate insiders own 5.70% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. TLP Group LLC acquired a new position in shares of Intuit during the third quarter valued at approximately $125,000. Stanley Laman Group Ltd. acquired a new position in shares of Intuit during the third quarter valued at approximately $194,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Intuit during the first quarter valued at approximately $224,000. Harvest Capital Management Inc increased its position in shares of Intuit by 3.1% in the first quarter. Harvest Capital Management Inc now owns 2,010 shares of the software maker’s stock valued at $233,000 after buying an additional 60 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of Intuit by 1.7% in the third quarter. King Luther Capital Management Corp now owns 2,161 shares of the software maker’s stock valued at $238,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 85.77% of the company’s stock.
Shares of Intuit (NASDAQ:INTU) traded up 0.08% during midday trading on Tuesday, reaching $118.36. 2,409,515 shares of the company were exchanged. The company has a market capitalization of $30.27 billion, a PE ratio of 31.78 and a beta of 1.06. Intuit has a 52-week low of $99.20 and a 52-week high of $128.45. The firm’s 50 day moving average is $120.72 and its 200-day moving average is $116.07.
Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, February 23rd. The software maker reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. Intuit had a return on equity of 82.77% and a net margin of 20.59%. The firm earned $1.02 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Intuit will post $4.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 18th. Investors of record on Monday, April 10th were issued a $0.34 dividend. The ex-dividend date was Thursday, April 6th. This represents a $1.36 annualized dividend and a yield of 1.15%. Intuit’s dividend payout ratio (DPR) is currently 36.27%.
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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