Intuit (NASDAQ:INTU) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Several other analysts have also recently commented on the company. Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Co increased their target price on Intuit from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday. Credit Suisse Group increased their target price on Intuit from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Oppenheimer increased their target price on Intuit from $206.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Finally, Citigroup increased their target price on Intuit from $221.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $212.39.

Shares of INTU stock opened at $218.63 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The firm has a market cap of $54.39 billion, a PE ratio of 48.26, a price-to-earnings-growth ratio of 2.52 and a beta of 1.18. Intuit has a 52 week low of $136.75 and a 52 week high of $219.46.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 23rd. The software maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. The company had revenue of $988.00 million for the quarter, compared to analysts’ expectations of $952.67 million. Intuit had a return on equity of 67.39% and a net margin of 20.31%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. equities analysts predict that Intuit will post 5.24 EPS for the current year.

In related news, Director Dennis D. Powell sold 4,554 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $215.05, for a total value of $979,337.70. Following the transaction, the director now owns 4,083 shares in the company, valued at $878,049.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Scott D. Cook sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $208.12, for a total value of $20,812,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 339,891 shares of company stock worth $71,340,211. 5.59% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Intuit by 5.2% in the second quarter. BlackRock Inc. now owns 17,394,902 shares of the software maker’s stock valued at $3,553,866,000 after buying an additional 866,776 shares during the period. FMR LLC lifted its stake in Intuit by 14.3% in the second quarter. FMR LLC now owns 10,343,136 shares of the software maker’s stock valued at $2,113,155,000 after buying an additional 1,290,503 shares during the period. OppenheimerFunds Inc. lifted its stake in Intuit by 0.5% in the second quarter. OppenheimerFunds Inc. now owns 2,974,690 shares of the software maker’s stock valued at $607,744,000 after buying an additional 16,086 shares during the period. Brown Advisory Inc. lifted its stake in Intuit by 16.3% in the first quarter. Brown Advisory Inc. now owns 2,967,883 shares of the software maker’s stock valued at $514,484,000 after buying an additional 416,938 shares during the period. Finally, Royal Bank of Canada lifted its stake in Intuit by 1.7% in the first quarter. Royal Bank of Canada now owns 2,887,262 shares of the software maker’s stock valued at $500,508,000 after buying an additional 48,265 shares during the period. 87.73% of the stock is currently owned by hedge funds and other institutional investors.

About Intuit

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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Analyst Recommendations for Intuit (NASDAQ:INTU)

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