Shares of Intuit Inc. (NASDAQ:INTU) have received a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $277.00.

A number of equities research analysts have issued reports on INTU shares. Morgan Stanley boosted their price target on Intuit from $244.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, August 26th. Credit Suisse Group boosted their price target on Intuit from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Jefferies Financial Group set a $320.00 price target on Intuit and gave the company a “buy” rating in a research note on Friday, August 23rd. Citigroup boosted their price target on Intuit from $250.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Finally, Deutsche Bank boosted their price target on Intuit from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 23rd.

Shares of Intuit stock traded up $4.44 during trading hours on Tuesday, reaching $273.50. 748,664 shares of the stock traded hands, compared to its average volume of 1,400,435. The company has a 50 day moving average price of $272.28 and a 200 day moving average price of $265.07. The firm has a market capitalization of $70.18 billion, a price-to-earnings ratio of 49.01, a P/E/G ratio of 2.63 and a beta of 1.10. Intuit has a one year low of $182.61 and a one year high of $295.77. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.10.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.37. The business had revenue of $994.00 million during the quarter, compared to the consensus estimate of $964.02 million. Intuit had a return on equity of 43.86% and a net margin of 22.95%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. Sell-side analysts anticipate that Intuit will post 6.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 10th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $0.47. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.78%. Intuit’s payout ratio is 37.99%.

In related news, Chairman Scott D. Cook sold 133,333 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $278.53, for a total value of $37,137,240.49. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mark J. Flournoy sold 6,854 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $286.33, for a total value of $1,962,505.82. Following the completion of the transaction, the chief accounting officer now directly owns 4,541 shares in the company, valued at $1,300,224.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 285,279 shares of company stock valued at $68,553,645. 4.60% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. lifted its holdings in Intuit by 1.5% in the 2nd quarter. Whittier Trust Co. now owns 2,927 shares of the software maker’s stock worth $765,000 after purchasing an additional 42 shares in the last quarter. Berman Capital Advisors LLC raised its holdings in shares of Intuit by 14.0% during the 2nd quarter. Berman Capital Advisors LLC now owns 342 shares of the software maker’s stock worth $89,000 after acquiring an additional 42 shares in the last quarter. Reynders McVeigh Capital Management LLC raised its holdings in shares of Intuit by 3.1% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 1,652 shares of the software maker’s stock worth $432,000 after acquiring an additional 49 shares in the last quarter. Hanseatic Management Services Inc. raised its holdings in shares of Intuit by 1.5% during the 2nd quarter. Hanseatic Management Services Inc. now owns 3,468 shares of the software maker’s stock worth $906,000 after acquiring an additional 50 shares in the last quarter. Finally, Pathway Financial Advisors LLC raised its holdings in shares of Intuit by 5.8% during the 2nd quarter. Pathway Financial Advisors LLC now owns 919 shares of the software maker’s stock worth $240,000 after acquiring an additional 50 shares in the last quarter. 87.14% of the stock is currently owned by institutional investors.

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, 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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Analyst Recommendations for Intuit (NASDAQ:INTU)

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