Intuit (INTU) PT Raised to $280.00
Intuit (NASDAQ:INTU) had its price target lifted by Deutsche Bank from $270.00 to $280.00 in a research report sent to investors on Friday morning, The Fly reports. They currently have a buy rating on the software maker’s stock.
A number of other equities analysts have also recently issued reports on INTU. KeyCorp upped their price objective on shares of Intuit from $255.00 to $285.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Zacks Investment Research cut shares of Intuit from a strong-buy rating to a hold rating in a research report on Wednesday, February 27th. BidaskClub cut shares of Intuit from a strong-buy rating to a buy rating in a research report on Tuesday, April 9th. Morgan Stanley upped their price objective on shares of Intuit from $225.00 to $245.00 and gave the stock an equal weight rating in a research report on Monday, March 25th. Finally, Guggenheim upped their price objective on shares of Intuit from $260.00 to $310.00 in a research report on Thursday, April 11th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $240.00.
INTU stock opened at $260.88 on Friday. The company has a market cap of $67.37 billion, a P/E ratio of 57.59, a P/E/G ratio of 3.02 and a beta of 1.19. Intuit has a 1 year low of $172.74 and a 1 year high of $272.14. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, April 9th. Intuit’s payout ratio is 41.50%.
In other Intuit news, VP Mark J. Flournoy sold 5,939 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $251.18, for a total transaction of $1,491,758.02. Following the sale, the vice president now directly owns 3,626 shares of the company’s stock, valued at approximately $910,778.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kerry J. Mclean sold 12,176 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $250.74, for a total transaction of $3,053,010.24. Following the sale, the senior vice president now directly owns 14,710 shares in the company, valued at $3,688,385.40. The disclosure for this sale can be found here. Insiders have sold a total of 90,609 shares of company stock worth $22,757,853 over the last three months. Insiders own 4.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. CX Institutional boosted its stake in shares of Intuit by 85.5% in the 1st quarter. CX Institutional now owns 102 shares of the software maker’s stock valued at $27,000 after purchasing an additional 47 shares during the last quarter. Athena Capital Advisors LLC bought a new stake in shares of Intuit in the 4th quarter valued at $28,000. We Are One Seven LLC bought a new stake in shares of Intuit in the 4th quarter valued at $33,000. Berman Capital Advisors LLC bought a new stake in shares of Intuit in the 4th quarter valued at $34,000. Finally, Moody National Bank Trust Division bought a new stake in shares of Intuit in the 4th quarter valued at $35,000. 87.69% of the stock is currently owned by institutional investors.
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.
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